Track: Payment Systems

Automating End-to-End Process of Payments in Europe and Asia

Monday, October 20, 2008
10:30 a.m. - 12:00 p.m.
Room: 511 ABC

This case study will examine how Tektronix, a global company with regional shared service payments centers, maximized cost savings and operational efficiency across the enterprise and with its trading partners by automating its end to end payment processing. Learn how the company realized numerous cost savings when they implemented a common service in Europe and Asia to securely and efficiently send payment instructions from their ERP system directly to the bank.

Speakers:

• Patricia Hui, CTP
  Treasury Manager
  Tektronix, Inc.

• Manish Jain
  Director
  Citi

Objectives

• Understand how to implement straight-through processing on a global scale
• Identify key areas that contribute to a successful STP implementation project
• Broaden knowledge of the current market trends & latest technology updates related to straight-through processing
• Understand benefits of STP implementation (improved payment reconciliation, increased reliance on low value clearing payment systems, staffing reductions, closer management of working capital)

Pre-Requisites

• Basic understanding of cash management
• Considering or in the process of implementing a straight-through processing project

Take-Aways

• STP Implementation Checklists
• White papers & articles

CPA Field of Study: MAS