The Transformational Effects of E-payments

The Transformational Effects of E-payments

Corcentric will be exhibiting at the AFP Annual Conference next week, showing finance and treasury professionals how automating their P2P processes and implementing e-payments will help the organization overall.

Whenever we have a chance to illustrate how to simplify the most complex B2B transactions, we take it. That’s the opportunity we’re taking by attending the Association of Finance Professionals (AFP) Annual Conference in Orlando next week. More than 6,500 finance and treasury professionals will gather together to explore how the role of finance is changing in the enterprise and how technology is helping accelerate that change.

Stop by booth 1357, where we will be doing live demonstrations of our COR360 AP automation solution that streamlines and transforms the entire P2P continuum, from PO to payment. Although many companies have digitized and automated pieces of their AP processes, usually at the front end, many have left off one of the most important steps in the process, that of electronic payments.

This year’s AFP Annual Conference makes clear on its website that it understands the value of electronic end-to-end payables technology by devoting an entire day to Payments, Systems, and Processes. Companies that have automated the front-end of their P2P functions have seen how eliminating paper and manual processes has not only increased efficiencies and reduced costs; it’s also provided full visibility into invoice status for all stakeholders, internal and external. And that has reduced the time spent on exceptions and disputes.

E-payments offer the same benefits. When it comes to paper checks, processing and postage are costly and add time to the payment schedule. Electronic payments, provide 24/7 status of the payment and approval in real time for both the customer and supplier., thereby minimizing risk across the financial supply chain. E-payments, which include ACH and virtual credit card, increase cash flow by minimizing days sales outstanding (DSO), thus providing both buyers and seller with the confidence and accuracy they need to manage working capital.

Corcentric looks forward to showing AFP Annual Conference attendees how to take control of their B2B transaction process. If you’re coming to the Conference, we invite you to visit us at Booth #1357.

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Mike Ruhl | Marketing Manager

Mike Ruhl is Marketing Manager for Corcentric and oversees marketing of Corcentric and their financial process automation solutions.

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