Track: Payment Systems

Transitioning to Electronic Payments: Case Studies in Profitable Change

Monday, October 20, 2008
1:30 p.m. - 3:00 p.m.
Room: 502 B

Through case studies, this presentation will examine the common challenges many firms face with their current paper payment process, including lack of payment integration, payment errors, delayed and lost payments, difficulty in cash forecasting, high costs and lack of control over the payment process. Two companies will share their electronic payments conversion best practices and the benefits they reaped, such as payment integration with an ERP system, cost savings, improved vendor relationships and more accurate cash forecasting.

Speakers:

• Vicki L. Haugen, CTP
  Assistant Treasurer
  Tennant Company

• Michele Williams
  Business Analyst
  Agco Corporation

• Ben Kavalec
  Major Account Manager
  Travelex Global Business Payments

Objectives

• Learn to decrease costs associated with making payments
• Increase control and streamline the payment process
• Understand the 5 step process to move to an electronic payments system

Pre-Requisites

• General understanding and/ or experience in managing of corporate payments

Take-Aways

• 5 step proven guide to implementing an e-payments process
• Check cost analysis template tool to help firms evaluate how much they're really spending on checks

CPA Field of Study: MAS