9/19/2016. Receivables Management. Elizabeth Miller, CTP AASBO 9/27/16. Number of days to collect from revenue sources. to pay inventory purchased
|
|
- Loraine Terry
- 7 years ago
- Views:
Transcription
1 Elizabeth Miller, CTP 1 AASBO Sweep Services ZBA ACH Lockbox Service Regions Quick Deposit Vault Services Imaging Services RegionsOne Wire Transfer (Incoming) Merchant Services itreasury ACH Commercial Card Skylight ONE Card Wire Transfer (outgoing) ACH Alert EPA Positive Pay ZBA AASBO 9/7/16 Number of days to collect from revenue sources Number of days to pay inventory purchased 1
2 Goals: Expedite and optimize cash flow through strategic AR solutions Optimize AR workflow to increase employee productivity Reduce past due receivables and bad debt for increased profitability Facilitate straight through processing and leverage existing technological investments More effectively direct cash flow to investments or debt reduction Increase collaboration among trading partners Mitigate the risk of employee fraud through best practices and technology 4 AASBO Overview Because your bottom line is directly impacted by how quickly receivables are converted into available funds, your Regions Relationship Manager and Treasury Management Officer will review your organization s accounts receivable process to: Provide a strategic plan to streamline and simplify work flow Automate and integrate the collections process Foster a more collaborative approach with your payers Receivables Solutions Regions Integrated Receivables ACH Debit Origination Wholesale Lockbox Retail Lockbox Image Lockbox Online Association Image Lockbox Regions RemitPost TM for Healthcare Regions Quick Deposit Client Image Cash Letter Vault Services Vault Remote Cash Capture Incoming Wire Transfer Improve cash flow Speed Collection Quickly Convert Receivables 5 AASBO Regions Quick Deposit Streamline deposits by submitting checks right from your business location and benefit from an extended deposit deadline for same-day credit with Regions Quick Deposit. Enjoy total control Regions makes it easy. Use the Regions Quick Deposit scanner to make deposits whenever you want. You have total control of processing your daily check deposits. Quick Deposit allows you to check totals and make error corrections before the deposit goes to the bank. Plus, you can use the application to review deposited check images anytime. Improve funds availability Regions gives you flexibility. Regions Quick Deposit has an extended ledger deposit deadline (8:00 p.m. CT compared to :00 p.m. CT for in-branch deposits). You have more time to make additional deposits which allows those funds to be available a full day earlier. Centralized management Regions makes it manageable. For companies that have multiple locations, Regions Quick Deposit offers centralized management allowing multiple users the ability to make deposits from various locations through a single database. Simple installation Regions makes it simple. Just connect the scanner to your PC. The application software resides within Regions, not on your equipment. 6 AASBO
3 ACH Debit Origination Regions can help you save time. ACH debit origination allows your company to collect payments from your clients via the ACH Network. ACH debit origination also provides a fast and effective method of receiving recurring payments. The dollar amount you indicate whether fixed, variable and/or recurring are debited directly from your clients accounts to your Regions account. You benefit from reduced billing costs, faster collections and greater control and predictability of your accounts receivable process. Your clients and vendors also benefit from the added service and convenience, improving relationships. Plus, use ACH debit origination to concentrate funds from other financial institutions to your Regions accounts. ACH Debit Origination can benefit companies and institutions: Of any size who wish to reduce paper related expenses and operate in a more ecologically friendly manner Wanting to automate payroll through direct deposit Wanting to concentrate funds from other bank accounts 7 AASBO Because your bottom line can be directly impacted by how quickly receivables are converted into available funds, Regions offers solutions to expedite collection and improve cash conversion. Wire Transfer (Incoming) Receive electronic funds transfers same day directly into your Regions account. Wire transfers are the ideal payment method for large transactions or settlements and are among the fastest means of receiving electronic payments. Also take advantage of improved exchange rates and transaction terms when conducting business internationally. Vault Services Vault Services offers a convenient and secure receivables option for your company s regular high volume cash deposits. Deposit operations are also streamlined to enable you to better manage coin and currency deposits and receive same day credit. With Regions extensive vault network, your deposits are processed quickly and efficiently, while change orders are delivered per your instructions. Clients who use Vault Services include retail stores and chains, medical practices and universities, among others. Benefits of Vault Services Flexible reporting Vault deposit totals and error corrections can be provided to you by a variety of methods. Improves funds availability Funds are available sooner for investing, loan payments or needed business purposes. Same day credit also enables you to get a full view of your company s or institution s cash position daily, simplifying reconciliation. Assures adequate inventory Convenient and efficient cash order fulfillment 4/7 by phone or automated standing order ensures inventory is maintained to meet your cash and coin order needs. Branch cash processing costs are also reduced. 8 AASBO Lockbox Services Regions Lockbox Services collect payments from multiple collection points directly into your commercial or institutional account in order to speed deposit processing and streamline AR workload to improve efficiency. Funds are available sooner for lower borrowing costs or enhanced investment opportunities. Benefits include: Improved cash flow Accelerating the collection process increases your working capital and allows faster access to the funds. Better security and safety Security is improved by separating invoicing and receiving functions, while disaster recovery is covered by Regions contingency operations. Enhanced payment processing Payments are processed faster and errors are reduced. Reallocation of resources Labor-intensive payment processing is eliminated, allowing those resources to be redeployed elsewhere. Available Wholesale Services Lockbox Retail Lockbox Association Lockbox Collection and processing of corporate-tocorporate payments. Typical payments are high-dollar, low-volume transactions where expedited mail and collection float is paramount for investing or other business purposes. Regions Wholesale Lockbox Services can provide a costeffective solution, where collection and posting are accelerated and your cash flow improved. 9 AASBO Collection and processing of consumer-tocorporate payments. Typical transactions are high volume, low-dollar consumer-tocorporate remittances, where a regular payment flow exists with monthly/multiple billing cycles. An effective, accurate and automated method of processing receivables. Integration among paperbased payments, electronic payments and third-party payment services. Designed for association and property management companies that accept checks, make daily deposits or want to improve remittance processing efficiency to benefit working capital. Regions Association Lockbox can simplify remittance processing and optimize your cash flow. 3
4 Sharon Roberts, CSFO Birmingham Board of Education Lauren Butts, CSFO Pelham Board of Education Linda Agee, CSFO Alabaster City Schools 10 AASBO QUESTION 1 What types of payments do you accept? (check, card, ACH, wire) What is the percentage of each payment? 11 AASBO QUESTION Please explain how these transactions move through the accounts. 1 AASBO 4
5 QUESTION 3 Do you have an online portal to accept payments? Have your students and parents asked for the ability to pay online? Or via credit card? 13 AASBO QUESTION 4 Do you utilize a lockbox or a remote check scanner? 14 AASBO QUESTION 5 Do you receive large amounts of cash? If so, do you have a vault relationship? Or a remote vault? 15 AASBO 5
6 QUESTION 6 What are your biggest challenges managing receivables? 16 AASBO Allison Eden 17 AASBO Sweep Services ZBA ACH Lockbox Service Regions Quick Deposit Vault Services Imaging Services RegionsOne Wire Transfer (Incoming) Merchant Services itreasury ACH Commercial Card Skylight ONE Card Wire Transfer (outgoing) ACH Alert EPA Positive Pay ZBA 6
7 AASBO 9/7/16 Number of days to collect from revenue sources Number of days to pay inventory purchased 19 AASBO Your disbursements process can have a substantial impact on overall profitability. The importance of AP management increases exponentially with the size of your organization. For this reason, we recommend you use Treasury/ Cash Management solutions to strategically manage AP processes to help you maximize cash flow and profitability. Disbursement Goals: Disburse payments later Vendor Payables ACH (Same Day ACH available Sept 016) Checks Wires Commercial /Purchasing Card Integrated Payables Payroll ACH Direct Deposit Payroll card Paycor 0 AASBO Integrated Payables Features & Benefits Streamlined Processing of Payments Save time and improve DPO management, flexible payment types, control features and use of a one-step process Reduced Cost of Payments Processing Reduced internal costs to issue checks and initiate ACH files Online Web Portal for Vendors With visibility to payment and remittance detail and archives We enroll your vendors for check conversation to ACH or virtual card payments Advanced Notification of Payment - Automated remittance notification and detail available online for Virtual Card and ACH payments before the payment arrives Full Remittance Details Available for upload, reduces A/R task load, customer collection inquiries, and errors Improved security with Web-based control over payments with straight-through processing from ERP system File review and release File and transaction level notifications/approvals Positive Pay services provided for checks and ACH Better business data Information archive for transaction research and detailed reporting for business intelligence and Accounts Payable insights Workflow efficiencies, improved process management, and better utilization of resources 1 AASBO 7
8 Payment Processing Steps 1 3 AASBO PayNetExchange Vendor Portal 3 AASBO PayNetExchange Vendor Portal Card Payment Notification 4 AASBO 8
9 Payment Processing Steps AASBO Advanced Expense Management Regions Commercial Card Eliminate inefficient processes, save time and drive value to your bottom line Optimize operational efficiency Lower payment processing costs and optimize working capital while paying suppliers faster Centralize invoice, payments and reporting Alleviate back office processing by shifting payments from manual invoice and check processing to efficient card settlement Reallocate employee resources to more productive organization tasks Purchasing Card Used for business expenses Enhance visibility into organizational spend Improve working capital Reduce fraud risk through authorization controls Real-time transaction monitoring companywide Available traditional plastic or ghost card Visa travel and emergency assistance and rental car insurance included Regions Commercial Card Matrix Commercial (Travel) Card Fleet Card Used for travel expenses Used for fuel and vehicle maintenance expenses Monitor travel expenses and reimbursement Capture odometer reading and driver ID/vehicle ID at Cardholder accountability pump Travel policy enforcement Track fuel purchases and Available traditional plastic, costs ghost card, EMV chip card No out of pocket expenses for International use Available traditional plastic Company and individual payment options Visa travel and emergency assistance included Visa travel and emergency assistance, rental car May apply MCC restrictions insurance and $50K business travel insurance Virtual Card Used for larger recurring AP expenses Payment consolidation Improve working capital Eliminate paper-based, manual processing Integrate with AP system Reduce cycle Single use or exact authorization or 30/60/90 day expiration 6 AASBO Advanced Expense Management Regions Commercial Card Why do I need a Commercial Card Program? Another disbursement type Obtain goods and services today, pay Regions up to 45 days later Interest free Participate in Revenue Sharing Program Leverage automation tools for expense management and AP automation Average Cost per Transactions across al Industries Paper Checks $7.15 ACH $4.7 Wire Transfer $9.86 Commercial Card $3.96 *Based on 01 Aberdeen Study Extended Float & Improved Cash Flow Typical Vendor Net 30 Payment Order Pay vendor Terms equipment with a check Regions Commercial Card Payment Order equipment Terms (on Feb. 5) days additional cash float depending on date of payment and billing cycle Pay vendor 30 day cycle Payment to with the cut Regions is Corporate (on April 5) due Card (by April 0) (on March 5) 7 AASBO 9
10 Advanced Expense Management Regions Intersect SM Single platform for Card Management, Expense Reporting and Virtual Card consolidates functionality under a single login and supports client needs and growth without adding on additional tool sets. Regions Intersect SM Regions Intersect SM Mobile 8 AASBO Advanced Expense Management Payroll Solutions 9 AASBO Advanced Expense Management Skylight ONE Card 30 AASBO 10
11 Lynn Buch, CSFO Homewood Board of Education Eric Neumann, Baldwin County School Board Accounts Payable Manager Kelly Augsburger, Accountant Auburn City Schools Jimmie Thompson, CSFO Anniston City Schools 31 AASBO QUESTION 1 How do you typically pay your suppliers and vendors? What percentage of these payments are cash, check, ACH, card or wire? 3 AASBO QUESTION Are all of your employees paid via direct deposit? 33 AASBO 11
12 QUESTION 3 What is the process for reconciling your accounts? Do you utilize any reconciliation services? 34 AASBO QUESTION 4 Are you using any fraud protection services (ACH, check)? 35 AASBO QUESTION 5 What are your biggest challenges managing your operating accounts and day-to-day business? 36 AASBO 1
13 37 AASBO 13
Cash Management. Solutions That Fit
TREASURY SERVICES Cash Management Solutions That Fit TABLE OF CONTENTS The Role of Cash Management Business Cash Cycle...3 Progressive Plan Phase I Information Management & Transaction Control...4 Zero
More informationTreasury Management. WellsOne Commercial Card
Treasury Management WellsOne Commercial Card $182,000 Average value a company can generate for every $1 million in spending converted to commercial cards, through reduced processing costs, increased discounts,
More informationIntegrating Payables and Receivables to Unlock Working Capital
Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management
More informationMORE GAIN/LESS PAIN Maximize your cash flow/minimize your effort
MORE GAIN/LESS PAIN Maximize your cash flow/minimize your effort Approved for 1 CTP/CCM Recertification Credit by the Association of Financial Professionals November 18, 2009 1 Presenters Mary Church,
More informationVirtual Payments, Real Benefits. Underwritten by
Virtual Payments, Real Benefits Underwritten by Vishal Patel, Research Director Ardent Partners September, 2013 REPORT SPONSORSHIP 1 The views and opinions in this report represent those of Ardent Partners
More informationProducts. Small Business Banking Banking Solutions That Meet the Needs of Your Small Business Customers
Products Small Business Banking Banking Solutions That Meet the Needs of Your Small Business Customers Products Small businesses make up 10 percent of a bank s accounts on average, but typically generate
More informationAccelerating Your Cash Flow
Accelerating Your Cash Flow Invoices On-Line Invoices On-Line (IOL) from Direct Insite delivers on-demand AP, AR and payments capabilities that are deployed fast, with minimal cost and operational impact,
More informationCOMMERCIAL AND SMALL BUSINESS PRODUCTS AND SERVICES COMMERCIAL AND SMALL BUSINESS DEPOSITS
COMMERCIAL AND SMALL BUSINESS PRODUCTS AND SERVICES COMMERCIAL AND SMALL BUSINESS DEPOSITS Money Market Checking Sweep Accounts A checking account for businesses that want to earn current money market
More informationE-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities
E-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities T.C. Kennedy. CTP Senior Vice President Treasury & Payment Solutions SunTrust Bank Electronic Commerce Defined Segment
More informationProducts Currency Supply Chain Management
Products Currency Supply Chain Management Today s Enterprises Need Intelligent and Integrated Solutions to Optimize Currency Levels, Reduce Expenses and Improve Control Products The financial services
More informationThe Impact of Payment Automation on Bottom-line Savings
The Impact of Payment Automation on Bottom-line Savings In the current recessionary environment, finance professionals have intensified their focus on working capital as well as improving the bottomline
More informationCommercial Banking and Lending for Morgan Stanley Smith Barney Business Clients. Knowing me. Knowing my business.
Commercial Banking and Lending for Morgan Stanley Smith Barney Business Clients Knowing me. Knowing my business. Commercial Banking Your Morgan Stanley Smith Barney Financial Advisor considers all aspects
More informationEMDEON PATIENT BILLING & PAYMENT SOLUTIONS
EMDEON PATIENT BILLING & PAYMENT SOLUTIONS Simplifying the Business of Healthcare Collect More, Faster. With Emdeon Patient Connect TM, our comprehensive suite of Patient Billing & Solutions, you can start
More informationCure P2P Blind Spots with Expense Reporting Management Solutions
Cure P2P Blind Spots with Expense Reporting Management Solutions Capturing Competitive Advantage Featuring insights on...»» Current Market Trends in P-Card Usage»» Common Problems of P-Card Management»»
More informationAmegy618. 2015 Amegy Bank N.A. Member FDIC
22333 Amegy618 We noticed it s your first time participating! FYI: Your phone number is completely private, and we ll never spam you. -- Powered by Polleverywhere.com You ve joined Karen Sasser s session
More informationElectronic Supplier Payments
Electronic Supplier Payments Optimizing Working Capital through epayments Q3 2013 Featuring Insights on... Current Demand for Electronic Payments Underwritten in part by enett International Utilizing epayments
More informationRon Sager, Senior Vice President UMB Bank Kansas City
Ron Sager, Senior Vice President UMB Bank Kansas City Agenda for this session: Introductions Mississippi Education Enhancement Fund Card Accounts Lessons Learned Program Year 2012/2013 and Program Year
More informationEMDEON CONSUMER BILLING & PAYMENT SOLUTIONS
EMDEON CONSUMER BILLING & PAYMENT SOLUTIONS Collect More, Faster. With Emdeon Consumer Connect TM, our comprehensive suite of Consumer Billing & Solutions, you can start collecting more consumer payments.
More informationExhibit A to RFP-SG-107276 STATEMENT OF WORK (SOW) Banking Services
Exhibit A to RFP-SG-107276 STATEMENT OF WORK (SOW) Banking Services 1.0 Introduction 1.1 Purpose Colorado Springs Utilities (Utilities) is requesting proposals from interested banks for the provision of
More informationElectronic invoicing and payment:
Treasury Management Electronic invoicing and payment: Best practices and strategies for recruiting suppliers A Treasury Management White Paper Table of Contents Executive summary... 3 Paper invoicing and
More informationSolutions Remittance Solutions
Solutions Remittance Solutions Third-Party, Private-Label Remittance Processing That Helps You Grow Revenue, Increase Deposits and Serve Valued Customers Without the Capital Investment Solutions Offering
More informationU.S. Bank Corporate Travel Card. OR ST Overview
U.S. Bank Corporate Travel Card OR ST Overview September 24, 2013 Discussion Topics Corporate Travel Industry Trends U.S. Bank Solutions 2 Executive Summary T&E expenses continue to be one of the largest
More informationLean Mean Receivables Machine
Lean Mean Receivables Machine Jesse Sandoval, AAP VP, Senior Product Manager Union Bank Nancy Atkinson, CCM Senior Analyst Aite Group Carolyn Swafford, CTP, AAP VP, Treasury Management Solutions Advisor
More informationADDENDUM #2 REQUEST FOR PROPOSALS 2015-165
ADDENDUM #2 REQUEST FOR PROPOSALS 2015-165 Banking Services TO: FROM: CLOSING DATE: SUBJECT: All Potential Responders Angie Williams, RFP Coordinator November 13, 2015 at 3:00PM (UNCHANGED) 2015-165 RFP
More informationJANUARY 2015. TAKE CHARGE: How to Successfully Plan and Deliver a Strategic E-payment and Commercial Card Implementation
JANUARY 2015 TAKE CHARGE: How to Successfully Plan and Deliver a Strategic E-payment and Commercial Card Implementation E-PAYMENTS & COMMERCIAL CARDs white paper 2 When it comes to launching an e-payments
More informationYour Guide to Going Global with AP Automation. Donna Sawyer Paymode-X Product Manager, Bottomline Technologies
Your Guide to Going Global with AP Automation Donna Sawyer Paymode-X Product Manager, Bottomline Technologies Agenda Automating Global AP A Case Study for Global EFT Key Considerations When Automating
More informationThe Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak. MN AFP April 28, 2015
The Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak MN AFP April 28, 2015 Every race consists of key milestones 6. Finish 1. Prepare 5. Pit Stops 2. Know the Course
More informationOutsourcing Receivables and Payables
EXECUTIVE REPORT Outsourcing Receivables and Payables Featured Articles: Massachusetts Bank Reduces Costs through Outsourced Wholesale Lockbox By Kathy Strasser Overcoming Supply Chain Financing Challenges
More informationHow To Use Access Online
U.S. Bank Access Online Overview U.S. Bank Access Online provides organizations with real-time access to their commercial card programs anywhere, anytime, within a secured environment. This powerful proprietary
More information5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay Cycle
5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay Cycle An IOFM white paper, sponsored by 5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay
More information(Discover) financial solutions for your campus
(Discover) financial solutions for your campus WHO WE ARE One element of our shared course for success is to improve and empower higher education through choice from giving students and their families
More informationBusiness Checking & Savings Options
Business Checking & Savings Options Solutions for businesses of all sizes and types Smart, Tailored Solutions Select the business banking package, stand-alone checking, or savings account that best fits
More informationThe Benefits of Accounts Payable Integration in Electronic Invoice Presentment and Payment
The Benefits of Accounts Payable Integration in Electronic Invoice Presentment and Payment How to Use this Presentation This presentation will be invaluable to those who seek to articulate the benefits
More informationSolutions. Business Banking Tap the Potential of a Growing Market and Compete for Profitable Business Customers
Solutions Business Banking Tap the Potential of a Growing Market and Compete for Profitable Business Customers Solutions As the number of U.S. businesses has increased, so has demand for business banking
More informationPEOPLESOFT ENTERPRISE esettlements
PEOPLESOFT ENTERPRISE esettlements Relying on paper-based processes to pay for goods and services and to resolve disputes with suppliers can be costly, inefficient, and D KEY FEATURES Automated settlement
More informationYOUR FINANCIAL MANAGEMENT SOLUTION ROADMAP
YOUR FINANCIAL MANAGEMENT SOLUTION ROADMAP The right way to empower financial managers Sound, responsible financial management is at the heart of business success. With Microsoft Dynamics GP business management
More informationAccounts Payable E-Payments Creating Value and Efficiency in the Payment Disbursement Process
Accounts Payable E-Payments Creating Value and Efficiency in the Payment Disbursement Process Overview of the CPS e-payments Program The CPS E-Payment Solution enables clients to automate the disbursement
More informationTM Forum Your trusted online source for Treasury Management news
In this issue: Fall 2014 Integrated Receivables nextgeneration platform addresses processing challenges Bank partnership key to building a robust e-payables program Integrated Receivables nextgeneration
More informationPEOPLESOFT EXPENSES & MOBILE EXPENSES
PEOPLESOFT EXPENSES & MOBILE EXPENSES Oracle s PeopleSoft Expenses is a comprehensive travel expense solution, which streamlines and automates travel spend KEY FEATURES Best practices in expense Mobile
More informationTransforming Accounts Payable into a Profit Center
PROFIT FROM PAYMENTS: Transforming Accounts Payable into a Profit Center Leveraging Business Process Automation to Capitalize on Dynamic Discounts a New Breed of Early Payment Incentives BEGIN Table of
More informationPaymode-X: Your Best Option for Order-to-Pay Automation
Paymode-X: The Largest Business-to-Business Payments and Invoicing Network Paymode-X: Your Best Option for Order-to-Pay Automation Why Automate Your Order-to-Pay Process? Order-to-Pay automation frees
More informationPurchasing Cards: Yesterday, Today & Tomorrow How far they ve come and where they are going.
Purchasing Cards: Yesterday, Today & Tomorrow How far they ve come and where they are going. Susan Ouchterloney, Bank of America Merrill Lynch Ryan Cappannari, Citizens Bank Payment Solutions Date: September
More informationThe Bank of New York Mellon is Open For Business.
TREASURY SERVICES The Bank of New York Mellon is Open For Business. Merger Spawns New Platform for Enhanced Treasury Services. Sponsored supplement to Treasury & Risk magazine The Bank of New York Mellon
More informationPutting You and Your Business First
Putting You and Your Business First A guide to your new business accounts and services FirstMerit puts you and your business first. FirstMerit can make a true difference when it comes to helping you build
More informationBest E-Commerce Practices
Best E-Commerce Practices Electronic Commerce Defined Segment of a larger business model that allows companies to transact over the internet Can be seen as a mode to collect tax payments, licenses, permit
More informationAutomating the Settlement Process
Automating the Settlement Process Agenda Discussion Outline Why automate payments Options to achieve automation Selecting a service provider Transforming your payment process Future of electronic payments
More informationCollaborative Finance Operations
Solution in Detail Finance Executive Summary Contact Us Collaborative Finance Operations Achieve Superior Finance Operations Achieve Superior Finance Operations Flexibility for Your Changing Business Today
More informationRequest for Proposals for Commercial Banking Services
Request for Proposals for Commercial Banking Services May 21, 2015 REQUEST FOR PROPOSALS COMMERCIAL BANKING SERVICES TULSA AIRPORTS IMPROVEMENT TRUST Table of Contents Table of Contents... 2 INTRODUCTION
More informationCity of Prineville Request for Proposal (RFP) RFP #1002-14-15 For Banking Services
Request for Proposal (RFP) RFP #1002-14-15 For Banking Services January 2015 TABLE OF CONTENTS Introduction Page 3 Background Page 4 Proposal Procedures Page 5 Required Banking Services Page 6 Other Requirements
More informationCORPORATE LIQUIDITY. AVANTGARD epayment Services Leaving the check behind with an integrated payments service
CORPORATE LIQUIDITY AVANTGARD epayment Services Leaving the check behind with an integrated payments service B2B CHECKS RACK UP $25 BILLION IN PROCESSING COSTS ANNUALLY AFP Electronic Payments Survey Leaving
More informationLAKELAND AREA MASS TRANSIT DISTRICT (LAMTD) Office of Purchasing and Contracts 1212 George Jenkins Blvd, Lakeland Florida 33815
LAKELAND AREA MASS TRANSIT DISTRICT (LAMTD) Office of Purchasing and Contracts 1212 George Jenkins Blvd, Lakeland Florida 33815 AMENDMENT OF SOLICITATION 1. SOLICITATION No. 13-024 2. AMENDMENT No. 1 3.
More informationImproving Accounts Payable Processes to Deliver Bottom-Line Cost Savings
VISA COMMERCIAL SOLUTIONS visa accounts payable automation white paper Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings Author: Nick Marchetti, Senior Business Leader, Visa Inc.
More informationC O N V E R S I O N G U I D E
CONVERSION GUIDE The Independent Way The Independent Bank charter was founded in 93 by a group of businessmen who wanted to form a local bank to serve the needs of their community. Independent Bank pledges
More informationIntroduction Meet the Speaker
IOFM Controllers Conference, 2015 Presented by: David Disque, Managing Director Introduction Meet the Speaker Managing Director at CSI globalvcard 15+ years in payments industry Frequent speaker on corporate
More informationElectronic Alternatives Improve Treasury Performance
TREASURY SERVICES Electronic Alternatives Improve Treasury Performance Treasury organizations are getting serious about saving money, boosting efficiency and reducing their environmental footprints 3 Electronic
More informationTurning Receivables Operations Green. Best Practices. Commercial Banking
Turning Receivables Operations Green Best Practices Commercial Banking In a recent survey*, 79% of financial executives say shifting to a completely green treasury operation should result in increased
More informationDriving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011
Driving AP Automation Efficiencies Through Payments Transformation Minnesota AFP April 19, 2011 Zorica Stojanovic Vice President Lawrence Heavey Senior Vice President Agenda Payments Transformation Challenges
More informationEMDEON PATIENT CONNECT TM
EMDEON PATIENT CONNECT TM Patient Billing & Payment Solutions for Channel Partners Simplifying the Business of Healthcare Discover the Power of an Emdeon Partnership A seismic shift is underway. Patients
More informationProduct Brief. Intacct Financials & Accounting. Intacct General Ledger
Product Brief Intacct Financials & Accounting Intacct Financials and Accounting includes Intacct General Ledger, Intacct Accounts Receivable, Intacct Accounts Payable, Intacct Cash Management and Intacct
More informationHow To Use Payables Automation
M&T Bank and Visa Present: Payables Automation: Streamlining Payment Processes Featuring Dave Meaney, Senior Business Leader, Commercial Solutions Doug Dunbar, M&T Bank Commercial Card Senior Product Manager
More informationTransform Accounts Payable Into a Revenue Center. Supplier Payments Optimization
Transform Accounts Payable Into a Revenue Center Supplier Payments Optimization Supplier Payments Optimization With Virtual Cards Is your p-card program optimizing payments to your suppliers? Does your
More informationPage 1 of 9. 1 How Business Buys, Visa Canada Association, 2004. 2 2003 Purchasing Card Benchmark Survey Results",R. Palmer & M.Gupta.
More than $10 million in annual sales or operating budget More than 50 employees Purchases of day-to-day business expenses (i.e. office supplies, courier, computer equipment) A need for streamlining the
More informationPayment Strategies to Maximize Cash Flow for Healthcare Providers
Payment Strategies to Maximize Cash Flow for Healthcare Providers Personal banking has radically changed over the past twenty years. How often do you write a check? Many people do not even know where their
More informationOptions Are Good. A Treasury Perspective on Driving Value from Payments. Jody L. Lutz Senior Vice President PNC Treasury Consulting Group
Options Are Good A Treasury Perspective on Driving Value from Payments Presented to: April 20, 2015 Jody L. Lutz Senior Vice President PNC Treasury Consulting Group (412) 768-2364 Jody.Lutz@pnc.com Traditional
More informationProcure-to-Pay Best Practices
ITFMA Conference Procure-to-Pay Best Practices Integrating P2P Best Practices with Technology Chris Evanoff: Principal, Soltec, Inc. 1 Presentation Outline Introduction and Background Procure-to-Pay Cycle
More informationAutomating Procure to Pay to Improve Liquidity (and Boost Your Bottom Line) Page 1
cash management and liquidity series Automating Procure to Pay to Improve Liquidity (and Boost Your Bottom Line) Potential inefficiencies in Accounts Payable Dramatically reducing payment costs A roadmap
More informationRethink, Reduce, Recover:
Rethink, Reduce, Recover: Provided by: In search of reduced costs, increased visibility and improved cash management, a growing number of companies are automating their accounts payable operations. However,
More informationP-Card: A Payables Tool. Presented by PNC Bank April 28, 2010
P-Card: A Payables Tool Presented by PNC Bank April 28, 2010 1 Agenda Introductions Payment Processing: Options/Trends Value Proposition Program Types Controls/Reconciliation Card Acceptance Questions
More informationCase Study: Automating Healthcare Supplier Payments
Case Study: Automating Healthcare Supplier Payments Robert Raucci, Director-Treasury Operations Thomas Jefferson University June St. John, SVP, CTP Wells Fargo Treasury Management 2 Overview Today s healthcare
More informationHOW AN INTEGRATED RECEIVABLES SOLUTION
WHITE PAPER HOW AN INTEGRATED RECEIVABLES SOLUTION ELIMINATES THE BARRIERS TO ELECTRONIC PAYMENTS 2013 WAUSAU FINANCIAL SYSTEMS, INC. All Rights Reserved. All other copyrights cited herein are the property
More informationReceivables Management Solutions
Receivables Management Solutions Unlock trapped liquidity, reduce costs and make collections more predictable Citi Transaction Services Latin America and Mexico Citi Transaction Services Latin America
More informationTurning AP into a Revenue Generator. Benefits of automated, card-based payments June 20, 2013
Turning AP into a Revenue Generator Benefits of automated, card-based payments June 20, 2013 Speakers Robert O Conner, Senior Global Treasury Advisor, Silicon Valley Bank Carmela Montes de Oca, Senior
More informationCash Management and Short-Term Investing Washington State Treasurer s Office
Cash Management and Short-Term Investing Washington State Treasurer s Office Doug Extine, Deputy Treasurer Investments Shad Pruitt, Deputy Treasurer Operations In Washington, the Treasurer s office: Is
More informationOr What makes Canadian Banking different?
CANADIAN BANKING Sharing a Border Or What makes Canadian Banking different? Ray Kohler Senior Relationship Manager, US Markets RBC Royal Bank 1 Agenda Understand the basic differences between Canadian
More informationBUSINESS BANKING SWITCH KIT. Follow these simple steps to move your business checking relationship to 1st Source Bank.
BUSINESS BANKING SWITCH KIT Follow these simple steps to move your business checking relationship to 1st Source Bank. Did you know... You have a team of bankers at 1st Source ready to help make each of
More informationA/P and A/R: Unrelenting Adversaries or Synergetic Partners?
A/P and A/R: Unrelenting Adversaries or Synergetic Partners? New York Cash Exchange Adam Kruis Vice President, Working Capital Consultant June 1 st, 2016 Historical adversaries 2 Historical adversaries
More informationSage ERP I White Paper. An ERP Guide to Driving Efficiency
I White Paper An ERP Guide to Driving Efficiency Table of Contents Executive Summary... 3 Best-in-Class Organizations Look to Enhance Efficiency... 3 How ERP Improves Efficiency... 3 Results... 6 Conclusion...
More informationElectronic Payments and Card Solutions in 2015
Electronic Payments and Card Solutions in 2015 Perceptions, Realities, and Strategies Featuring insights on... Trends in B2B Payment Methods Status of Commercial Cards Influential Factors for Organizations
More informationLessons Learned from the Integrated Receivables Frontier. Jack Kosmoski, BMO Harris Bank, N.A. Dave Schier, Jacobus Energy, Inc. September 23, 2014
Lessons Learned from the Integrated Receivables Frontier Jack Kosmoski, BMO Harris Bank, N.A. Dave Schier, Jacobus Energy, Inc. September 23, 2014 What is Integrated Receivables? The biggest thing in receivables
More informationAutomating payment processes to deliver bottom line cost savings in a weak economy.
VISA COMMERCIAL SOLUTIONS payables automation white paper Automating payment processes to deliver bottom line cost savings in a weak economy. Author: Nicholas Marchetti, Senior Business Leader Commercial
More informationSouthern California AFP Luncheon
Working Capital Unharness your Cash Flow Southern California AFP Luncheon Michael Diekmann Director, Bank of America Merrill Lynch October 10, 2014 Understanding Working Capital Working Capital... = Current
More informationPeopleSoft Expenses PeopleSoft Mobile Expenses
PeopleSoft Expenses PeopleSoft Mobile Expenses K E Y F E A T U R E S Best practices in expense management Mobile Expenses solution available for smart phones and tablets Integrated receipt management Enhanced
More informationAbila MIP Fund Accounting
Abila MIP Fund Accounting Module Overview Award-winning Abila MIP Fund Accounting (formerly Sage 100 Fund Accounting) is the financial management solution preferred by nonprofit and government organizations
More informationComplex Payments. By Bob Murphy
Complex Payments Financial institutions and businesses are faced with a complex world when it comes to managing payments. To thrive, each entity must manage a multitude of variables, as we will operate
More informationPEOPLESOFT esettlements
PEOPLESOFT esettlements Relying on paper-based processes to pay for goods and services and to resolve disputes with suppliers can be costly, inefficient, and D KEY FEATURES Automated settlement process
More informationwww.aocsolutions.com Automated Accounts Payable and Commercial Card Management from AOC Solutions
www.aocsolutions.com Automated Accounts Payable and Commercial Card Management from AOC Solutions Payments are the core of our business; we monitor and understand the ever-changing landscape of the industry.
More informationAutomated Accounts Payable and Commercial Card Management from AOC Solutions
aocsolutions.com Automated Accounts Payable and Commercial Card Management from AOC Solutions 1 I NEXT PAGE» Contact us at 800.692.7087 CFOS IN MOST INDUSTRIES ARE UNDER PRESSURE TO DO MORE WITH LESS.
More informationCASH MANAGEMENT 200: Cash Positioning. 2012 CPIM Academy
CASH MANAGEMENT 200: Cash Positioning 2012 CPIM Academy Josh Mandel, State Treasurer of Ohio CASH MANAGEMENT 200 Cash Positioning 2012 CPIM Academy Learning Objectives Understanding Cash Decisions Use
More informationWelcome. Information you must know about your AmericanWest Bank business accounts is enclosed.
Welcome Information you must know about your AmericanWest Bank business accounts is enclosed. It is very important that you are aware of the details regarding the upcoming conversion to Banner Bank. Dear
More information4/29/2016. Kelly Augsburger Auburn City Schools
Kelly Augsburger Auburn City Schools District AP Overview The way we were Reasons to change Transition to paperless Purchasing & Accounts Payable Paperless Requisitions and Purchase Orders Invoice Processing
More informationHow can Banks Influence the. How can Banks Influence the. Landscape
How can Banks Influence the How can Banks Influence the Healthcare Healthcare Payments Payments Landscape Landscape Presenter: Lester Monteiro, VP TD Bank, NA Topics Discussed What are the issues facing
More informationwww.ccbsite.com BUSINESS SOLUTIONS
www.ccbsite.com BUSINESS SOLUTIONS MISSION CCB is a locally owned and operated community bank dedicated to providing superior customer service and creating outstanding value for our shareholders and communities.
More informationTrends and Best Practices in Electronic Payments
Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Over the last year, we have seen a fundamental paradigm shift in the strategies and priorities of our
More informationHow to Choose the Best Bank for Your Medical Practice
Bank of America Merrill Lynch White Paper How to Choose the Best Bank for Your Medical Practice Executive summary A bank is much more than a place to deposit cash and process checks. Banks can offer a
More informationProduct. Corillian Business Online Corporate Treasury Management Solution on the Industry s Best Online Banking Platform
Product Corillian Business Online Corporate Treasury Management Solution on the Industry s Best Online Banking Platform Online Corporate Banking Today Realtime liquidity management and access to relevant
More informationSage 100 ERP. Streamline Your Workflows. What's New in Sage 100 ERP 2013 BENEFITS
Sage 100 ERP What's New in Sage 100 ERP 2013 The newest release of Sage 100 ERP (formerly Sage ERP MAS 90 and 200) continues to be the most comprehensive business management suite by Sage for mid-sized
More informationTMForum. Your trusted online source for Treasury Management news. In this issue: Summer 2014
In this issue: Summer 2014 Cash-processing enhancements support reconciliation, remote-area deposits Receivables cash application automation: challenges and best practices Cash-processing enhancements
More informationFUNDTECH SOLUTIONS FOR SMALL AND MEDIUM BUSINESSES
FUNDTECH SOLUTIONS FOR SMALL AND MEDIUM BUSINESSES SOLUTIONS FOR SMALL AND MEDIUM BUSINESSES PAYABLES AND RECEIVABLES SOLUTIONS FOR SMALL AND MEDIUM BUSINESSES 2 SOLUTIONS FOR SMALL AND MEDIUM BUSINESSES
More informationAP Automation. Are You Thinking Strategically? What s Inside: Beyond Cost Reduction & Compliance. Benefits of the Paper to Electronic Migration
Pay tream A D V I S O R S WHITE PAPER AP Are You Thinking Strategically? What s Inside: Beyond Cost Reduction & Compliance Benefits of the Paper to Electronic Migration Deriving Greater Strategic Value
More information