Training Course: Managing the cash Cycle–Accounts Receivable & Payable

Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain

REF: FA321553

DATES: 21 - 25 Jul 2025

CITY: Munich (Germany)

FEE: 4400 £

All Dates & Locations

Introduction

The importance of cash cycle coming from fact that moving cash generating profit , so as much as you improve the cash cycle , as much as get more profit. Accounts receivable and payables best practices playing main rule in improving cash cycle.

Course Objectives

  • Enhance the understanding of accounting environment, kay financial statement and IFRS.
  • Identify the accounts receivables best practices and improve credit terms management.
  • Identify inventory and supply chain management best practices.
  • Identify accounts payable management best practices.
  • Improve cash and working capital management skills using latest technology and best tools.
  • Enhance the understanding of the cash cycle and cash cycle management.

Course Outlines

Day 1: An Introduction to Accounts Receivable

  • Working Capital and Cash Management.
  • Understanding “the cost of credit”.
  • The ‘order to cash’ process.
  • Understanding “risk” in “credit”.
  • Accounts Receivable and effective customer service.
  • Identifying underperforming areas to increase customer satisfaction.

Customers and Trading Terms

  • Terms of trading.
  • Tools and techniques of financial analysis: ratios; trends; common size analysis.
  • The best performance measure – cash or profit?
  • Financial distress and the Altman’s Z score-type analyses.
  • Trend analysis.
  • Value-added analysis of financial statement.

Day2: Developing Effective Strategies to Maximize Cash Collection

  • Identifying effective “pre-delinquency” collection campaigns.
  • Defining “post-delinquency” activities.
  • Customer sensitive collection strategies.
  • Collection techniques and letter cycles.
  • Appropriate internal and external escalation steps.
  • Using workflow management to maximize collector performance.

Practical Collection Tools and Techniques

  • Eliminating barriers to payment.
  • Recognizing excuses and delaying tactics.
  • Providing solutions to non-payment.
  • Telephone collection techniques.
  • Negotiation skills for successful collections.
  • Building relationships with customers.

Day 3: Managing the Receivables Ledger

  • Developing effective internal relationships to maximize performance.
  • Setting targets and tracking performance.
  • Managing information that dazzles.
  • Defining meaningful KPI’s.
  • Latest Developments in Accounts Receivable.

Accounts Payable, Financial Accounting, and the Supply Chain

  • Accounting and financial information: Accounts Payable in context.
  • Sources of finance.
  • The supply chain.
  • Financial position and financial performance.
  • Cash flow and Working Capital.
  • Why is cash flow so important?

Day 4: Achieving World Class in Accounts Payable Processes

  • Defining Best Practice in AP.
  • Moving beyond P2P.
  • Managing Risk.
  • Principles of Best Practice.
  • End to End AP Process.
  • Defining the issues in Accounts Payable.

Improving Invoice Processing and Operational Management

  • Invoice Handling and Approval Processes.
  • Verifying invoice data.
  • Paying “low value” items.
  • How to avoid duplicate payments.
  • Making the best use of staff time: limiting telephone calls to AP.
  • Does Petty cash management belong in Accounts Payable?

Day 5: Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start.
  • Travel & Entertainment.
  • Policy management.
  • Cash advances and employee reimbursement.
  • Process improvement through imaging and workflow.
  • Using the internet for AP effectiveness.

Making the Payments and Maintaining the Relationships

  • Communications & Customer Relations.
  • Payments status information for vendors and internal customers.
  • Improving Procure to Pay(P2P)Cycle.
  • Payments and Payment Solutions: Accounts Payable or Treasury.

Training Course: Managing the cash Cycle–Accounts Receivable & Payable

Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain

REF: FA321553

DATES: 21 - 25 Jul 2025

CITY: Munich (Germany)

FEE: 4400 £

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