|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.
|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?|
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.
Forshey, SAP AG Global Treasury