Wednesday, May 5, 10:45 - 12:00 view all sessions this time
Technology    view all sessions this track
607-Reducing Payment Risk by Using a Little of Everything 
Banks have developed many products aimed at reducing risks for different payment types. These include Controlled Disbursements, Positive Pay, ACH Blocks, etc, all of which solve potential problems. In working through the risks as we implement solutions for many US subs, and acquire additional companies, we have found that a combination of all of the above seems to be the best solution for really reducing risk. This presentation shows all of the products for reducing risk and how they all work together for a large corporate payer.
Learning Objectives:
What solutions are available to reduce payment risk?
How can these solutions work together to produce a total solution?
How can multiple solutions work to allow four-eyes payment release processes?
Dan Carmody, SAP AG Global Treasury
Mr. Carmody is a Financial Services Solution Engineer focusing on the Banking and Insurance industries and SAP Financial solutions including Cash Management & Treasury. He has been with SAP since 1997 and prior to that was a Financial Analyst and Treasury Product Manager for PNC Bank in Pittsburgh beginning in 1990. 

Dan holds a BS in Accounting from Penn State and a MBA from Duquesne University.

Bill Forshey, SAP AG Global Treasury
Bill Forshey is the Treasury Director for SAP, responsible in the US and Canada for treasury operations, bank relations, investment back office, cash application and credit card processing.
Prior to rejoining SAP in 2005, Bill was Senior Product Manager for JPMorgan for Global Client Access, consulted in Cash Management for Citizens Bank and Bank One, was Product Development Manager for CoreStates Bank, including cash management and reporting, payments, EDI processes and credit card processing. He also has worked for Saudi Aramco in Saudi Arabia and for Dupont.