AP Invoice Processing: Maximizing Opportunities and Overcoming Challenges in 2018
Despite its huge effect on a business' cash flow, there are still many businesses that don’t give much attention to the accounts payable (AP) department. A number of potentials can be lost when a company fails to capitalize on its payment agreements with suppliers.
There are numerous opportunities to cut costs and improve efficiency in AP invoice processing. However, there are also a number of difficulties in achieving these goals. One of the biggest issues faced by several organizations is the reliance on paper invoicing. Missed or late payments are usually caused by lost paperwork. Moreover, paper documentation usually delays AP invoice processing since copies have to be physically distributed for review.
AP automation addresses these inefficiencies and further improves accuracy, efficiency, and record keeping. In this LIVE Webcast, a panel of distinguished professionals and thought leaders will help firms understand the important aspects of this significant topic. They will provide an in-depth discussion of AP automation as a growing business trend and will also offer best practices in developing and implementing best adoption practices.
Key topics include:
- AP Invoice Processing – Key Challenges
- Recent AP Automation Trends and Developments
- AP Automation and Fraud Prevention
- Best Automation Practices
Ernie Humphrey, CEO & Founder
360 Thought Leadership Consulting
Todd M. Albers, Senior Payment Consultant
Federal Reserve Bank of Minneapolis
- Market barriers to electronic payments and invoicing
- Global adoption of electronic invoices
- Broad based market approaches to Increase e-Invoicing in the U.S.
Who Should Attend:
- Accounts Payable Department
- Accounts Payable Managers
- Chief Finance Officers
- Finance Officers
- Accounting Officers
- Top Level Management
- Public and Private Companies
Ernie Humphrey currently serves as the CEO of 360 Thought Leadership Consulting. Ernie is a proven strategy and financial professional with 20+ years of experience. He has diverse industry knowledge as a seasoned corporate finance practitioner, a leader at the largest association for financial professionals (the Association for Financial Professionals (AFP)), and as a driving force behind the development of the largest online community for senior level financial professionals (Proformative). During his career he has supported and delivered thought-leadership in the arenas of finance, treasury, accounting, and related disciplines. Ernie has demonstrated success in building consensus, embracing change, driving results through innovation, business development, and community building. Ernie has a BS and MS in Economics both from Purdue University
Ernie Humphrey currently serves as the CEO of 360 Thought Leadership Consulting. Ernie is a proven strategy and financial professional …
Todd M. Albers is a Senior Payments Consultant at the Federal Reserve Bank of Minneapolis in the Payments, Standards, and Outreach Group. Todd joined the Federal Reserve Bank in 2016, and his duties include work that covers research and coordination amongst interested parties in B2B payment efficiency, standards, and electronic invoicing. He is the convener of the Business Payments Coalition e-Invoicing Work Group, and is a member of the ISO 20022 Payments Standard Evaluation Group, World Wide Web Consortium (W3C) Web Payments Interest Group & Web Payments Work Group, OASIS Universal Business Language (UBL) Technical Committee, and co-chairs the UBL Adoption sub-committee.
Todd’s background includes 18+ years in the Financial Services and Technology Industry; where he was responsible for strategy and new product development for products including electronic accounts payable (EAP), electronic invoice presentment & payments (EIPP), commercial credit cards, and expense report management tools.
Todd M. Albers is a Senior Payments Consultant at the Federal Reserve Bank of Minneapolis in the Payments, Standards, and …
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Method of Presentation:
Experience in accounts payable management
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Federal Reserve Bank of Minneapolis
About Esker Inc.
Esker is a global leader in cloud-based document process automation software. Esker’s solutions are compatible with all geographic, regulatory and technology environments, helping over 11,000 companies around the world improve efficiency, visibility, and cost-savings associated with the processing and exchange of information.
Founded in 1985, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France and U.S. headquarters in Madison, Wisconsin. Last year, Esker generated 66 million euros in total sales revenue.
Esker’s solutions span the order-to-cash and purchase-to-pay cycles — allowing organizations to automate virtually any business process that runs on paper documents:
- Order Processing: automated entry and routing of incoming customer orders
- Accounts Receivable: automated sending and archiving of paper and e-invoices
- Collections Management: streamlined post-sale collection interactions
- Accounts Payable: automated entry and routing of incoming AP invoices
- Purchasing: electronic processing and delivery of supply chain documents
About 360 Thought Leadership Consulting
360 Thought Leadership Consulting delivers marketing services and thought leadership that drive top line revenue growth. Our leadership team has extensive experience engaging the Office of the CFO including finance, treasury, accounts payable and accounts receivable leaders. We collaborate closely with our strategic partners to help them develop and manage relationships that matter.
True thought leadership delivered by companies will enhance their brands, and ultimately facilitate new or deeper customer relationships. No one knows how to deliver thought leadership to the Office of the CEO like 360 Thought Leadership Consulting.
About Federal Reserve Bank of Minneapolis
The Payment, Standards, and Outreach Group advances the Federal Reserve System mission in payments by coordinating the Federal Reserve Banks’ work in standards and supporting research, education, and other initiatives that increase the efficiency of business-to-business (B2B) transactions, mitigate payment fraud risk, and enhance understanding of select payment innovation.