|Wednesday, May 16, 9:00-10:15||view all sessions this time|
|Treasury Operations||view all sessions this track|
|210-Using ePayables to Enable Trade Finance and Optimize Working Capital|
|Heightened volatility and increased business risk have combined with tight and uncertain credit markets to ensure that having cash and maintaining direct access to it will remain a priority of the first order for most finance leaders over the next few years. This has resulted in a business environment that allows for much smaller margins of error than in earlier times and means that many organizations will face a constant evaluation of business processes and cost structures that are designed to squeeze every last dollar out of operations.
When deployed properly, ePayables solutions (which automate Accounts Payable (“AP”) process) have the dual benefit of driving significant process efficiencies across the AP function while also enabling finance and treasury professionals to gain greater visibility into current and future liabilities and develop proactive strategies to optimize working capital, including the use of trade financing.
If you are a finance, treasury, or accounts payable professional that has responsibility or interest in managing cash, driving efficiencies, and developing a World Class finance department, you will not want to miss this session.
|Gain a clear view into the benefits that an automated Accounts Payable department can provide to the larger enterprise and to Treasury and Finance leaders in particular|
|Understand how Best-in-Class Finance departments utilize ePayables technology to develop cash management strategies based on the enterprise’s specific needs|
|Learn how leading AP departments are driving efficiencies and becoming better business partners|
Kurt Schneiber is an accomplished business leader with more than 20 years of global financial services business development, management, and marketing experience. As chief executive officer and a member of Syncada's Board of Managers, Kurt is responsible for creating the strategic vision for the multi-bank financial supply chain network. Prior to joining Syncada, he was the president of Fortent, a privately-held technology firm specializing in regulatory compliance for financial institutions. Kurt worked more than 15 years in business building and management roles at Citigroup. As part of Citibank's Global Transaction Services, he managed the global power, energy, and chemical sector, and he was the marketing director and cards business manager for Citi’s consumer business in India.
Kurt earned a B.A. in International Relations from Brigham Young University and an International M.B.A. from the University of South Carolina. In 2011, Treasury & Risk, a leading financial publication, named Kurt as one of the Top 100 Most Influential People in Finance.