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Navigating Payment Alternatives and Enhancing Working Capital

Navigating Payment Alternatives and Enhancing Working Capital. Wisconsin AFP Meeting Sept. 10, 2013. Agenda. Payment market trends Electronic payment overview Overcoming challenges Your progress? Questions. Payment automation is advancing.

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Navigating Payment Alternatives and Enhancing Working Capital

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  1. Navigating Payment Alternatives and Enhancing Working Capital Wisconsin AFP Meeting Sept. 10, 2013

  2. Agenda • Payment market trends • Electronic payment overview • Overcoming challenges • Your progress? • Questions

  3. Payment automation is advancing Source: Paystream Advisors, Buyers Guide to B2B Payment Automation Solutions (Aug. 2013).

  4. Yet, ePayment tools are underutilized Source: Remittance Coalition, 2012 survey

  5. Barriers to ePayment persist Source: Remittance Coalition, 2012 survey

  6. Five good reasons to automate Source: Paystream Advisors 2012 survey

  7. Electronic payments – lowering costs and improving working capital

  8. The options ACH Wires CardlessePayment solutions Commercialcards

  9. ACH for recurring low-value payments • For low-cost, non-urgent regular credit and debit payments • For corporate and consumer uses • Low fraud rates • Remittance data travels with the payment • Green payment option • International ACH opportunities • Predictable settlement allows for improved cash flow management

  10. Wires for strategic, high-value payments • High-value payments needing certainty of settlement • Immediate availability of good funds critical to obtain title, and execute trades • Worldwide payment capabilities in both U.S. dollar and foreign currencies allow for exact payment in foreign currency • Provides payment of the exact final value to the receiver on settlement date

  11. Commercial cards • Common for a large volume of small amount purchases • Transaction size is growing more recently • Risk transfers from supplier to card issuer • Processing costs reduced • Cash flow forecasting improved • Revenue share opportunities

  12. CardlessePayment solutions • Single-use accounts for one-time large purchases traditionally paid by check • “Ghost” accounts for frequent purchases from a single vendor • Fully automated straight-through processing: faster, more accurate and no manual re-keying • Ideal for regular suppliers who offer discounts for early payment

  13. Impact of cards on operational efficiency $90.77 $73.53 $17.34 Source: 2012 Purchasing Card Benchmark Survey Results, RPMG Research Corporation (in U.S. dollars)

  14. Market overview: e-invoicing • Organizations evaluating e-invoicing trending upward • Cost reduction and on-time payments are current focus • Purchase order flips (PO to invoice) is generating momentum Corporate response to: “Are you currently using an e-invoice solution?” Source: Q1 2012 Paystream Advisors; e-Invoicing Adoption Benchmarking Report

  15. Are you making progress? Just moving from paper checks Maturing in ePay – looking for more value Bleeding edge Conduct A/P analysis with bank partner Conduct holistic working capital analysis with bank partner Map out current process – what are your e-options? Examine purchase-to-pay in context of entire treasury continuum Canvas suppliers – use ePay with everyone who accepts it Review IT resources and get senior manager buy-in Responses from IOFM’s Paperless Accounts Payable Survey, 2011

  16. Questions

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