Paystream Voices » The Roadmap to Optimize Working Capital

The Roadmap to Optimize Working Capital

Posted in PayStream Analyst, Contributed by Lisa Peterson on April 4th, 2008

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 and regional enterprises?” Often times the response to that question is ‘no one’. Williams will explain the trials and tribulations he encountered as he wrestled with the difficult strategic decisions that carved out his informal role as Chief Payment Officer.

PayStream Summit’s title sponsor, Ariba, an electronic invoicing software provider, will host a learning lab on the pre-conference day that will focus on invoice automation and discount management. At this session attendees will be able to walk away with a blueprint of how to put their AP departments on the right track to increased automation.

As a leader in spend management solutions, Ariba offers technology, operational services and domain expertise to companies to help their bottom lines. Ariba works closely with companies to analyze and understand how they manage their corporate spending, then offers solutions to increase cost savings and enhance overall business efficiency. Ariba works directly with their clients to help them plan, build and implement a successful spend management solution for the long term. Ariba’s solutions are being used all over the world, giving innovative companies the competitive advantage needed in global operations.

Chief Financial Officer’s, VP’s of Finance, Controllers, Treasurers and Supply Chain Managers are coming to PayStream Summit 2008 to educate themselves in the next phase of finance efficiency. Savvy professionals are taking this knowledge to management and their companies are emerging stronger and more economical than ever before. The word “recession” is making everyone a little nervous; many companies are turning to their finance departments to help lead the team. It is an event ideal for anyone in the finance world who wants to begin the next phase of finance efficiency at their organization.

Visit the PayStream Summit website to receive a free download of the Electronic Invoicing Market Discovery Report; read about the faculty who will be presenting workshops at the conference and to find out what else is on our agenda. Those of you who do go to our website may be able to receive the early bird discount too! The website is www.paystreamsummit.com.

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