We’ve all seen the credit card company ad that begins with customers dancing their way through the checkout line, only to be interrupted by the curmudgeon (or tennis geek) who insists on paying with outmoded paper payment. Everything screeches to a halt as the customers wait impatiently for a payment to process.

Similarly, companies are investing substantial resources in complex financial accounting software. Everything is going smoothly. International transactions occur at the rate of thousands per second. Companies interacting with each other in real-time across continents, and in board rooms across the country, companies talk passionately about their automated and improved efficiency.

But in the backroom, away from the view of the public, companies are mired in paper. Documents such as invoices, checks, credit applications, purchase orders, correspondence and even credit card numbers are sitting in file folder in desks, file cabinets or in storage.

In spite of…

We have our conference agenda ready and posted on the PayStream Summit website! The agenda describes the pre-conference learning labs and the executive workshops that the event is offering to its attendees. There are workshops for healthcare professionals who are looking to optimize their supply chain, for finance professionals who are interested in learning how to develop and implement electronic invoicing, and for buyers who want to understand the suppliers’ perspective on eInvoicing and early payment discounting. Additionally, PayStream Summit will have case studies explaining how other innovative companies adopted purchase-to-pay strategies, maximized working capital through payables automation and what information you should know before making your promises to administration.

One of our more notable workshops is “Cash Flow Diplomacy: The Role of the Working Capital Czar” presented by Larry Williams of Procter & Gamble. This session will ask questions such as, “Who is responsible for coordinating P2P initiatives impacting corporate…