
Inspired by Stephen R. Covey’s groundbreaking framework, this session translates the “7 Habits” into actionable strategies for accounts payable teams. You’ll learn how to shift from reactive invoice processing to proactive partnership, set clear end‑to‑end goals for cash management, and build collaboration across procurement, finance, and operations. By aligning Covey’s principles with AP workflows, you’ll gain a roadmap to elevate your department from transactional to strategic.
NASBA Learning Objectives:
- Identify three common AP bottlenecks and design at least one proactive workflow improvement to mitigate each.
- Recognize how to design a goal statement for the AP function using the “Begin with the End in Mind” habit, linking it to one key organizational metric (e.g., Days Payable Outstanding)
- Explore Strategic Activities for AP: Using the “Put First Things First” matrix, categorize AP tasks into urgent vs. important and develop an action plan to delegate or automate at least two non‑value‑add activities.
Field of Study: Business Management and Organization