Streamlining Receivables: Integrating Payments with your ERP system
This event is eligible for CPE Credit only~
Course Description:
In today’s digital environment, finance and operations professionals working at associations should be looking for ways to optimize their business processes. For associations currently using an Enterprise Resource Planning (ERP) system (such as Sage/Intacct, Microsoft Dynamics 365, NetSuite and Oracle), there are many ways to maximize their investment in the platform. One key area of opportunity lies in streamlining and consolidating the management of all member and customer receivables.
Moving beyond siloed departmental approaches, participants will learn strategies and best practices to integrate receivables and collections operations across membership, education, events, sponsorships, certifications, publications, and other revenue streams. This session shows how an association can use their existing ERP system to centralize invoicing, payment processing, and collections efforts, leading to improved cash flow, reduced administrative burden, enhanced data accuracy, and a holistic view of member financial engagement.
This integration enables the association to be able to utilize ERP reporting and analytics tools to gain actionable insights into cash flow, aging receivables, and collection effectiveness.
Learning Objectives:
Identify common inefficiencies in the accounts receivable process that can be addressed through payment integration.
Identify key functionalities for automation workflows, including invoice delivery, payment reminders, collection processes and more.
Develop strategies for integrating and standardizing collection procedures across various departments within the ERP.
Understand how to improve member satisfaction by providing a user-friendly experience for all financial transactions and communications.
Outline key steps and considerations for evaluating and implementing ERP-integrated payment solutions in an association environment.
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Streamlining Receivables: Integrating Payments with your ERP system (NASBA/CAE/CPE Course Credit Information)
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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