Payment issues- how can companies minimize the risk of duplicate, fraudulent, and late payments?

Why Should You Attend:

How many times has your AP staff gotten a call from a supplier asking for a payment status? Received a duplicate Invoice? Invoice from an unknown supplier? Approved invoice after payment is due? The list goes on.

This webinar will discuss the many ways that a routine process of accounts payable can be flipped around and become a source of pain. This can be from an administrative standpoint or even worse a negative monetary situation. Proper checks and balances and possibly the introduction of software are the best ways to combat these exceptions from occurring or at least minimize the impact when they do occur. It is important to understand the differences that exist in various solutions so that you can make an educated decision on what works best for you. Not only are there savings from a monetary perspective but this will also give you visibility into cash flow and better prepare for month end and year end closes and audits.

This session will equip attendees with many of the answers to determine a better course of action. There are many things to consider such as regulatory compliance, cost, savings, IT resources, etc.

Areas Covered in the Webinar:

• What are the common payment issues?
• What will these solutions do for me?
• Who else can benefit from these solutions?
• What are some best practices?
• What will this cost?

Who Will Benefit:

• Accounts Payable Professionals
• Accountants
• Financial Officers
• Risk Officers
• Internal Auditors

Instructor Profile:

Brent Meyers, has worked for Commerce Bank since May 2008 and is responsible for business development and commercial card services within the Midwest Territory. Mr. Meyers specializes in Automated Accounts Payable and Electronic Invoice Presentment and Payment (EIPP) solutions. Prior to joining Commerce Bank, he spent more than 8 years working at Enterprise Rent-A-Car, located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side.

He received his Finance degree from Indiana University in Bloomington, IN. He is an Accredited Payables Solutions Consultant (APSC) through The Accounts Payable Network (TAPN) organization as well as a Certified Purchasing Card Professional (CPCP) through the National Association of Purchasing Card Professionals (NAPCP) organization.

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