How to Leverage Payment Innovations and Efficiencies

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Date: Wednesday, May 22, 2019

Time: 2pm ET | 11am PT

Cost: Complimentary

Earn: 1.2 CTP or FP&A continuing education credits from the AFP*

The payments landscape is in flux. Companies’ options are ballooning for completing transactions both more rapidly and more efficiently. However, the rate of change in the payments industry has left many corporate treasurers wondering how best to take advantage of the new offerings.

In this webcast, we will discuss how three leading companies—and winners of the 2019 Alexander Hamilton Awards in Working Capital & Payments—have leveraged payment innovations to dramatically improve their visibility into cash flows and the efficiency of their payments processes. We will explore how:

  • Amway developed a new payments workflow across the 60 markets in which it operates. The company created a payment factory shared service center and implemented payment hub technology that could connect corporate systems to the company’s more than 200 banking partners around the world.
  • Bristol-Myers Squibb rolled out a virtual card program for employees’ payment card purchases around the world, as well as a centralized travel account solution for use in countries where virtual cards are not yet accepted.

  • Microsoft Brazil faced onerous documentation requirements around the tens of thousands of payments to foreign entities that it needed to make each month. The company custom-built a software solution that provides the required documentation to banks and automates account reconciliation using data that comes directly from the banks’ systems.

Pending approval for up to 1.2 CTP and FP&A recertification credits by the Association for Financial Professionals at the rate of one credit for each 50 minutes of attendance.

Speakers:

  • Jeff May | Global Treasury Supervisor | Amway
  • Sunnie Ho | Senior Treasury Manager | Microsoft
  • More speakers to come!

Request Free!