Manage episode 299583062 series 2500761
Future of Accounts Payable: What You Need addresses the mindset shift needed to be a success in accounts payable in 2022 and beyond. The Future of AP will be very different than the #accountspayable function of just a few years ago. The Future of Accounts Payable will encompass different attitudes as will the Future of Accounting.
The mindset needed for success in accounts payable (or any accounting position for that matter) will mean looking at the business space very differently. Mary Schaeffer, AP Now’s founder, addresses five different mindset shifts for accounting and accounts payable. They are explained in detail with examples. The skills needed for success in accounts payable are broader than they were in the past.
Success in accounts payable is dependent on this shift in attitude for the Future of Accounts Payable will be very different. The needed skills for accounts payable will include things we never even thought of before 2021. Remote work in accounts payable will become commonplace rather than something only a few companies allowed. There will be much discussion about TQ, or the Technology Quotient. This was something alluded to in the past, but never specifically identified. Nor did it have its own definition.
The clip also includes a discussion of why remote work will help you recruit a better AP staff, given the wider playing field. Although there has been talk for years of the need for continued learning it now is an outright necessity. TQ in AP is the wave of the future as the professionals who work in the field grapple with fraud, new best practices, technology, regulatory issues and of course accounting issues.
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Host: Mary Schaeffer (https://www.ap-now.com/)
Credit: Music: https://www.purple-planet.com