Best Practices for Accounts Receivable and Payable Management

The programme

Programme overview

This comprehensive Best Practices for Accounts Receivable and Payable Management training programme explores the best practices for managing accounts receivable and payable with a focus on optimising the cash cycle. Participants will learn strategies to enhance cash flow management, streamline financial processes, and drive operational excellence — including how AI is now transforming collections, payment risk scoring, and rolling cash flow forecasts. This programme equips participants with the skills and tools needed to maximise financial stability and organisational performance.

Who should attend

Who is this programme for?

• Financial Managers
• Accounts Receivable and Payable Professionals
• Treasury Analysts
• Controllers
• CFOs and Financial Executives

Learning outcomes

What you will learn

• Optimise accounts receivable processes to improve cash flow, including AI-driven collections that deliver DSO reductions in the region of 30-40% in well-implemented programmes
• Implement best practices for efficient accounts payable management
• Analyse and enhance the cash cycle for better liquidity
• Develop strategies to improve working capital
• Leverage advanced tools and techniques for effective cash cycle management, including AI-powered rolling forecasts and payment risk scoring

Explore the programme

Detailed programme outline

2-Day Essentials — Training Outline

• Definition, key components, and metrics of the cash cycle
• Impact of the cash cycle on liquidity and organisational health
• Accurate, timely invoicing and accelerating collections
• Reducing DSO: AI-driven collections and payment risk scoring are now delivering DSO reductions of roughly 30-40% in well-implemented programmes
• Managing customer credit risk and setting effective credit terms
• Optimising payment schedules and negotiating favourable supplier terms
• Managing supplier relationships and resolving disputes effectively
• Balancing receivables and payables for improved cash flow
• Forecasting cash flow needs, including AI-powered rolling forecasts — continuously updated with every new transaction rather than requiring manual rebuilds
• Key performance indicators for cash cycle analysis
• Business intelligence tools and cash management software
• Aligning cash cycle processes with broader financial strategy
• Building your own cash cycle improvement action plan
• Deciding whether the 5-Day Comprehensive programme is the right next step

5-Day Comprehensive — Training Outline

• Definition and key components of the cash cycle
• Importance of efficient cash cycle management
• Metrics to evaluate cash cycle performance
• Case studies of successful cash cycle optimisation
• Overview of accounts receivable processes
• Strategies for accurate and timely invoicing
• Techniques to accelerate collections and reduce Days Sales Outstanding (DSO), including AI-driven collections and payment risk scoring, which deliver DSO reductions of roughly 30-40% in well-implemented programmes
• Tools and technologies for streamlined receivables management
• Implementing automated invoicing and payment systems
• Effective strategies for debt collection and dispute resolution
• Optimising credit policies and evaluating credit limits
• Managing complex customer accounts and high-value transactions
• Leveraging data analytics to improve receivables outcomes
• Overview of accounts payable processes
• Strategies for optimising payment schedules and cash flow
• Negotiating favourable supplier terms
• Tools and technologies for streamlined payables management
• Automating payment systems for efficiency
• Maximising early payment discounts and supplier financing
• Optimising payment cycles and workflows
• Managing supplier risk and ensuring compliance
• Using data analytics to improve payables processes
• Techniques for managing and optimising working capital
• Strategies for efficient inventory and procurement management
• Forecasting cash flow needs and maintaining liquidity
• Tools for comprehensive working capital analysis
• Best practices for accurate cash flow forecasting
• Developing short-term and long-term cash flow plans
• AI-powered rolling forecasts: continuously updated projections that incorporate every new bank transaction, invoice, and payment, rather than requiring manual weekly rebuilds
• Analysing trends and managing cash reserves effectively
• Leveraging tools for enhanced forecasting and planning
• Techniques for analysing accounts receivable and payable data
• Preparing and presenting cash cycle reports to stakeholders
• Financial ratios for assessing cash cycle performance
• Best practices for financial reporting and transparency
• Overview of cutting-edge technologies for cash management, including AI-driven forecasting and payment risk scoring platforms
• Automated systems for invoicing and payments
• Business intelligence tools for actionable insights
• Selecting and implementing cash management software
• Exploring future innovations in cash cycle technology
• Aligning cash cycle processes with broader financial strategies
• Integrating operational and financial planning
• Enhancing cross-functional collaboration for cash optimisation
• Identifying and mitigating risks in cash cycle management
• Continuous improvement strategies for sustained success

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.