PayStream: Harmonizing Procurement and Payables: A Critical Confluence for Success
Sync or sink: how much is poor alignment costing your company?
What the webinar covers:
Procurement and Accounts Payable have been operating the same way in many organizations for decades. But they’re not always on the same page.
Goods being obtained without purchase orders, maverick spend, unapproved suppliers and AP having to track down authorized purchases for payments are just a few of the ongoing issues. Recent research from PayStream Advisors shows that only 15% of respondents acknowledge being completely integrated; only 12% share leadership and metrics combined.
A harmonized process – and technology – are needed for sharing insights into suppliers and the complete purchase order-to-payment history. Without these, divisions between procurement and AP will continue to plague most organizations.
Learn the facts of what procurement and AP can start doing immediately to get on the same page – watch now.
What you will learn:
- Research that indicates where these problem areas persist
- Best practices for improving the communication
- Technology enablers to reduce cycle times and improve compliance
- Improving how Procurement and AP interact with supplier management day-to-day
Greg Lloyd, Senior Director, PayStream Advisors
Greg is the Senior Director of PayStream Advisors, where he is responsible for overall management of PayStream, including managing staff and operations, as well as relationships with vendors and corporate clients. Greg is also a Director in Levvel’s Payments Practice where he leads client engagements and builds relationships with customers ranging from top-10 banks to start-ups. Prior to Levvel, Greg spent 7 years at Bank of America, most recently leading business-efforts in the emerging payments team, leading the launches of Apple Pay, Android Pay and Samsung Pay. Prior to Bank of America, Greg held a variety of financial services roles at eSpeed / Cantor Fitzgerald and Reuters. Greg holds an M.B.A. from the Darden School at the University of Virginia and a B.S. from the College of William and Mary and resides in Charlotte, NC with his wife and three children.
Constantine Limberakis, Senior Director, Product Marketing Strategy & Analyst Relations, Corcentric
A thought leader in the area of procurement and supply management, Constantine has over 20 years of experience, playing strategic roles in a wide spectrum of organizations related to consulting, product marketing, product development and market research. Throughout his career, he’s engaged business leaders and the broader analyst and technology community with strategic content, speaking engagements, research, webinars, and industry articles. Constantine is focused on analyzing technology business trends and promoting leading technology around procurement and supply management.