Friday, May 7, 10:30 - 11:45 view all sessions this time
Technology    view all sessions this track
610-Paying Vendors Electronically - Not Just for the Big Guys Anymore
Learn how this bio-fuels company with only 50 employees is at the center of a green revolution. They’re helping the nation reduce its reliance on foreign oil while reducing their own reliance on paper by converting from paying vendors by check to paying vendors by ACH. 

Join Cornhusker Energy’s CFO and their solution partner; Vendorin, as they walk you through the steps taken to transition from paying vendors by check to paying by ACH.
Learning Objectives:
Calculate the "real" cost of paying vendors by check and understand the cost reduction that can be achieved by converting check payments to ACH payments. 
Appreciate the importance of fully and properly validating supplier information including bank account details when converting to ACH payments in an effort to reduce organizational exposure to ACH fraud.
Examine a real world example of how companies; large or small, can rapidly and efficiently transition from paying vendors by check to paying vendors and delivering remittance electronically including a review of the specific expertise, know-how, and technologies required.
Darren Blakely, Vendorin
During the past 18 years, Darren Blakely has founded and successfully grown a leading European value added tax recovery business, a major corporate foreign exchange company, and an innovative electronic payment processing organization. Now, with the establishment of Vendorin in early 2007, he’s focused on providing Electronic Payment Enablement solutions.

Jim Granger, Cornhusker Energy
Prior to becoming Cornhusker Energy’s CFO in 2006, Jim Granger was SVP Finance & CFO at payment processor Trancentrix since 2002. Before his work as a corporate CFO he was a CPA focused on corporate audit and compliance.