by Brian Weeks | Oct 11, 2023 | Replays, Webinars
Strategic Treasurer’s front-line survey of booth visitors at the AFP Conference in San Diego and online from non-attendees set out to discover the greatest pain point in treasury. The options included staffing limitations; fraud and control challenges; rework from errors; liquidity forecasting; and challenges around data, reporting, and analytics. This webinar will review the results and the magnitude of the differences. Strategic Treasurer’s managing partner, Craig Jeffery, will offer his assessment of the levels of pain, why this is the case, and strategies and actions to reduce or eliminate the pain. This session is just 30 minutes, and attendees will come away armed with current information and ideas to implement.
by Brian Weeks | Oct 10, 2023 | Replays, Webinars
The role of accounts payable (AP) is shifting to be more efficient, effective, and strategic. AP has the ability to help drive out costs, improve its scalability, and add revenue to the organization. The effective deployment of AP automation allows for better communication with trading partners and a reduction in costly defects while supporting a revenue/rebate model for payments. This session will review critical issues within the payables domain and explore methods and tactics to improve the overall value of AP and its positioning within finance, featuring a continual exchange between the two finance domains of AP and treasury in the context of a more comprehensive look at AP processes and value.
by Brian Weeks | Oct 9, 2023 | Replays, Webinars
Complexity caused by additional payment times is adding to historical pain points found in accounts receivable (AR). Poor processes and outdated technology impact every part of AR and create a negative echo effect on liquidity, scalability, efficiency and staff. This session will explain why the challenges have increased and examine ways that companies’ AR and treasury groups are revolutionizing cash application to great effect. The use of technology such as AI/ML, bots, and integration of data and processes are all changing AR. The theory will be supported by several select case studies to bring the concepts to the practical level.
by Brian Weeks | Aug 25, 2023 | Replays, Webinars
Gain insights into the transformative impact of connectivity on the banking industry. As technology continues to bridge geographical gaps and reshape traditional financial systems, this webinar delves into the opportunities and challenges that come with banking’s new connected landscape. Attendees can expect to gain a deeper understanding of how cross-border transactions, digital platforms, and real-time data are shaping the future of banking. From exploring the potential for enhanced customer experiences to understanding the regulatory implications of this global connectivity, the webinar will provide a comprehensive view of the changing dynamics.
by Brian Weeks | Aug 18, 2023 | Replays, Webinars
This webinar discusses the survey results from the 2023 Modernizing Accounts Receivable Processing Survey. The survey explored the practices and plans of AR professionals, pain points, areas of increasing value and investment, and more. From reasons to move providers to challenges in achieving AR process modernization, the results covered in this webinar shed light on the current environment, the rates of change, and the ways your peers are responding to disruption and corporate goals.
by Brian Weeks | Aug 18, 2023 | Replays, Webinars
In the world of modern business, achieving efficiency and cost-effectiveness is crucial to success. However, a common problem that hinders this goal is defects within critical business processes. Among these, the accounts payable (AP) process stands out as a prime contributor to inefficiencies and financial losses. But what exactly fuels these defects? There are two primary sources:
1. Manual processes and handoffs.
2. Poorly designed processes with limited scope.
Understanding the AP process and the advantages of automation is crucial. This understanding goes beyond just the steps in the process; it includes how information is used, managing available funds, optimizing working capital, reducing risks, preventing fraud, and increasing overall business adaptability. Join us in this informative webinar as we uncover the surprising impacts that automation can have on the AP process.
