Silicon Valley Bank Failure: Lessons Learned

As news of the failure of Silicon Valley Bank ratcheted across news outlets, its impact being widely discussed by finance thought leaders everywhere. If you think, because you don’t work for a tech startup, this has nothing to do with you or your organization, think again. This should be a wakeup call for every accounting, finance, treasury and accounts payable professional everywhere. It could happen to you. Let’s take a look at the implications for every organization out there. We’ve got some really simple tips, changes every organization can make to protect themselves, and they don’t take a lot of effort or money. Make sure you stick around until the end when we discuss one really obvious tip – but one almost every one ignores. Don’t be that person. #svb #accountspayable #accounting

This is part of a series on accounts payable best practices. It includes short tips, short accounts payable best practice tips, to help viewers improve their accounts payable or procure-to-pay process, as well as longer broadcasts focusing on niche accounts payable topics. One short AP best practice tip will be released every day, except for Tuesday and Thursday when our longer broadcasts are released.

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh

Link to No More Stupid Mistakes
https://youtu.be/sTftdsXsVbM

Link to Accounts Payable Best Practice Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Link to Changing Invoice Best Practice Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Link to Accounts Payable Internal Controls Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com Host:

Host: Mary Schaeffer (www.ap-now.com)
#accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices #siliconvalleybank