Corcentric Symposium 2019: More than 300 Business Leaders Gather in Orlando to Discuss the Future of Finance & Procurement
CHERRY HILL, NJ — Nearly 300 executives from around the country came together for the two-day 2019 Corcentric Symposium in February at the Ritz-Carlton Orlando, Grande Lakes in Florida. With the theme to “See Beyond,” presentations addressed topics about transformation, including: “The Back-Office Evolution,” “The Hard Work of Big Change: Rules for Transforming Your Organization and Yourself,” “The 4 Disciplines of Execution: Achieving Your Wildly Important Goals,” “The Hero Effect: Being Your Best When it Matters the Most,” and “Four Procurement and Finance Trends to Watch.”
Doug Clark, Corcentric Founder, Chairman, and CEO, and Matt Clark, President and COO, opened the Symposium with a joint presentation about Corcentric’s recent growth as a demonstration of the theme of the Symposium. Corcentric recently increased its global footprint by entering a definitive purchase agreement with Determine, Inc. (OTCQB: DTRM) and by acquiring Netsend Ltd., a London-based e-invoicing company.
A variety of speakers from the business, political, medical, motivational, and sports worlds shared their advice and lessons learned. Legendary football coach Jimmy Johnson connected with attendees by sharing his stories and experience about the art of winning. His advice to the audience for building a strong team was to hire for performance, character, intelligence, a willingness to work and passion.
From the political arena, Eric Cantor, former United States Representative from Virginia, who also served as House Majority Leader from 2010 to 2014, and Stephen Moore, senior fellow of the Heritage Foundation, shared insights on shifts in politics and the global economy. Cantor provided an inside view of the new political environments and implications for public policy issues impacting businesses. He said he is troubled by the trend of “the extremes on both sides gaining power at the expense of consensus in the middle.” When asked what he saw for the future, Cantor said, “Politically I am optimist, but it may get worse before it gets better.” Moore said he is optimistic about the economy but did warn that tariffs are big area of concern.
Terry Jones, founder of Travelocity, presented his view on Artificial Intelligence (AI) and why it is important for the 21st century. He explained that AI is not some futuristic dream, with $15 billion having been invested in it in the US alone. He noted that fifty-one percent of companies do not have an AI strategy. “Smart companies are putting it all over the business to enhance performance, make better decisions, and to free up workers to be more creative.” he said
Bill Taylor, writer, speaker, entrepreneur and co-founder of Fast Company, spoke about “The Hard Work of Big Change” and told the audience, “The only way to stand out from the crowd is to stand for something special.” He added, “The best, more effective leaders are the most insatiable learners. You have to be interested in big radical ideas and small tweaks, and interested in the enduring mission of enterprise.”
Michael Treacy, president and founder of Treacy & Co., spoke about the back-office evolution saying. He challenged businesses to look at policies that drive transaction complexity and determine if they add value. “If not, they have to go,” he said.
Kevin Brown, author of The Hero Effect, shared his ideas, strategies, and principles designed to inspire audience members to be their best selves. “To be a hero is to bring the best version of yourself.” He explained that heroes take 100 percent responsibility for their lives and ask themselves, “What can I do with what I have to create the best possible outcome?”
Chris McChesney, global practice leader of execution at FranklinCovey Co., advised not to let the day-to-day get in the way of strategy with “The 4 Disciplines of Execution.” “Your strategy will never seem as urgent as the job in the moment,” he added, “An organization needs 80 percent of its energy to maintain its day job; it will consume 100 percent if you let it.” He encouraged audience members to pull out one wildly important goal and focus on accomplishing it.
Corcentric Symposium 2020 will take place March 4-6 at the Ritz-Carlton Orlando, Grande Lakes in Florida.
Corcentric is a leading provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric’s procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. Corcentric was named a 2018 ’50 Providers to Watch’ by Spend Matters and a leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automations 2019. Since 1996, more than 6,000 customers from the middle market to the Fortune 1000 have used Corcentric to reduce costs and improve working capital. Learn more at corcentric.com.