| Wednesday, May 5, 2:00 - 3:15 | view all sessions this time |
| Technology | view all sessions this track |
| 606-Automating Payables for Efficiency and Working Capital Advantage | |
| This session will review the benefits of and opportunities for automating accounts payable and converting paper documents (PO’s, shipping notices, invoices and payments/remittance advices) into an electronic, straight-through process via a new and emerging business settlement network for B2B commerce. An overview of this new network will be provided, along with a review of the potential operational cost savings, and strategies for driving working capital improvements relating to supplier payment timing and discounts. | |
| Learning Objectives: | |
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Learn various emerging best practices in A/P |
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Learn how to benchmark the key measures of AP efficiency |
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Learn the opportunities to turn AP into a revenue generator and how to maximize working capital and return on cash employed around proactive early payment discount management |
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Learn how to enhance Sarbanes-Oxley compliance, at reduced cost |
| Christopher Shaw, J.P. Morgan Christopher Shaw is a Vice President at J.P. Morgan and Product Specialist for the Bank’s payable solutions. Chris joined J.P. Morgan through the acquisition of Xign – the recognized leader in Order to Pay automation which he has been a part of since 2004. In addition to his expertise related to accounts payable and working capital optimization, Chris has an extensive background related to procurement, T&E expense reporting and supply chain integration from his experience in the software industry and has helped to develop a number of Software as a Service solutions. Chris has helped deliver procurement and payables solutions in his career to companies that include Honeywell, International Paper,
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