B132: Accounts Payable (AP) Automation 101: Impact on your Organization and your Industry

Accounts Payable is absolutely critical to running a successful business. Accounts Payable is the last line of defense against certain types of fraud, and it holds immense responsibility to manage cash, to comply with myriad regulations, and to operate efficiently to ensure that suppliers get exactly what they are promised, on time, every time. Even so, A/P is often under-supported by investment leaving team members with manual processes driving everyday “hair on fire” drills, paper check processes that are unchanged in decades, and little capacity to make changes — even changes with huge ROI. In this AP Summit (1st part of a multi series Webinar) we will cover 3 main strategic areas of Accounts Payable:

• Supplier Vetting and the KYS (Know Your Supplier) Standard
• State of the Art in Payment Methods
• AP Best Practices to Create Value

Presented by: Chris Corr, President and Founder, CostWellness; Don Farias, COO and Founder, Lucrotec