AP Automation Summit Agenda

blue gears and hexagons

The COVID-19 pandemic has transformed the way many AP departments function and has dramatically accelerated the adoption of automation solutions.

Until 2019, manually processed paper invoices were the norm. Last year was the tipping point; for the first time, e-invoicing and automation accounted for most AP transactions. But the need to work remotely and capture new efficiencies rapidly moved the needle in Q2 of 2020.

As of July, two-thirds of all invoices are received electronically, requiring no human intervention to be processed. And nearly 3 out of 4 AP teams process those invoices with the help of an automation solution.

IOFM’s AP Automation Summit will help you navigate this new world. If your team is considering automation, this event is the ideal place to start. And if you’re already using a system, learn what additional solutions might best boost your efficiency.

Tuesday, Dec. 1

10:00 – 10:45am ET

Live Session

Moderated by Jess Scheer, Executive Editor, IOFM, and Josh Barrett, Director, IOFM; presented by Andrea Fair, Vice President, Global Pre-Sales, Basware

Daily Kickoff

Automation Isn't the End of the Journey: Turn Your AP Department Into a Value Driver

Many organizations have some form of automation in their AP department, but the journey doesn’t end with implementation. High performing organizations set themselves up for success with a broader vision of how to leverage the benefits of automation to help their team do more with less. Not only are they able to eliminate manual tasks, they are able to use the visibility into their cash flow to make data-driven decisions for the business at large. Through the lens of IOFM’s operations benchmarks we will explore how other organizations have achieved their most efficient state by leveraging their AP Automation solution.

  • Examining automation’s effects on operational efficiency, error rates, costs, etc.
  • Eliminating manual tasks, allowing teams to focus on more strategic initiatives
  • Harnessing analytics to forecast cash flow in real-time and introduce easy visibility of accruals
  • Using technology to identify and mitigate supply chain risk
  • Ensuring cost control by driving procurement policy compliance

Sponsored by: Basware

10:45 – 11:45am ET

Live Session

Moderated by Mark Brousseau; presented by Tad Fordyce, Senior Vice President, Comdata; and Stephen L. Pietrzak CPA, Miria

Virtual Town Hall

The Ultimate Forum on Automating Supplier Payments

Organizations of all sizes are migrating to electronic payments at breakneck speed. While the case for electronic payments was compelling long before the pandemic, the shift to remote working and the enormous cashflow challenges created by the recession have created urgency for organizations to find safe and efficient ways to pay their suppliers, no matter where staff work. Join us for this virtual town hall meeting as our panelists answer your questions about how to automate supplier payments.

Sponsored by: Comdata, Miria, NVoicepay

1:15 – 2:00pm ET

Live Session

Moderated by Mark Brousseau; presented by Mayank Pundir and Naresh Babu, APXPRESS

Demo Session

AP Automation, Simple and Robust Solution for all Industries

  • Automate Invoice Receiving
  • Dynamic Approval Routing
  • Exception Management
  • Complete Traceability
  • Pre-Build ERP Connectors

Sponsored by: APXPRESS

2:15 - 3:00pm ET

Live Session

Moderated by Mark Brousseau; presented by Lindsay Munn, Solutions Consultant

Demo Session

Join Basware for a demonstration of our Accounts Payable (AP) automation solution. You’ll learn how your AP team can:

  • Capture and automate 100% of your invoices – including PO, non-PO, and all formats regardless of how suppliers send them.
  • Get visibility over all invoices and the entire AP process.
  • Shift AP to managing by exceptions through advanced technology that automates more of the invoice matching, coding, and approval process.
  • Process invoices faster for on-time payments (or even early to capture discounts).
  • Tap into KPIs and process analytics to track progress and support continuous improvement initiatives.

Sponsored by: Basware

3:15 – 3:45pm ET

Live Session

Peer Roundtables

Connect virtually with your peers to network, learn and share. Day 1 Peer Roundtable discussion topics will focus on the type of automation you're looking for, including:

  • Invoice/Data Capture
  • Workflow
  • Payment
  • End-to-End

Wednesday, Dec. 2

10:00 – 10:45am ET

Live Session

Moderated by Jess Scheer; presented by Daniel Saraste, SVP Product Strategy, Medius Software

Daily Kickoff

AP’s Autonomous Vehicle: How Technology is Driving Accounts Payable Operations So You Don’t Have to

In the age of self-driving cars and automation, AP is also experiencing a transformation toward the autonomous with the help of machine learning and big data. When modern technology works the way it should for AP, processes can happen without user intervention - simply and seamlessly - so that you can focus on the bigger picture and strategic initiatives. In this keynote session, you’ll learn: 

  • How Artificial Intelligence and Machine Learning are shaping AP automation’s future direction, making life for the AP staff simpler and more efficient
  • The transformation of benchmarks, driven by big data and analytics, creating a predictive model that Finance can use to control their spend and business
  • What AP can expect as technology continues to advance, including the evolution of cloud-based solutions and invoice capture
  • The duality of advanced automation – how the hard work to create groundbreaking new features makes work simple for end users

Sponsored by: Medius Software

10:45 – 11:45am ET

Live Session

Moderated by Mark Brousseau; presented by Daniel Reeve, Director of Sales and Business Development, Esker; Reginald J. Twigg, Ph.D, Director of Product Marketing Digital Enterprise, ABBYY; Stephanie Ryan, Solutions Consultant, Basware; Gunita Bindra, VP of Commercial Product, Bottomline; and Eric Riddle, Executive Vice President, Sales & Marketing at Corporate Spending Innovations

Virtual Town Hall

The Accounts Payable Automation Answer Forum

Seventy-one percent of accounts payable leaders say their department will automate further before year’s end. Even departments that describe themselves as “largely automated” plan to deploy more technology. But many accounts payable leaders are unsure of the best technologies and approaches to automation to use. Many are wondering what to do with their existing invoice processing systems and the best way to deploy a new system when everyone works at home. Other accounts payable leaders need suggestions for selling cost-conscious senior managers on automation. Join us for this virtual town hall meeting as our panelists answer your questions about accounts payable automation.

Presented by Panelists from Basware, Esker, Bottomline, ABBYY, and Corporate Spending Innovations

1:15 – 2:00pm ET

Live Session

Presented by Shannon Kreps, VP Product Marketing, and Daniel Shore, Solution Engineer, Medius Software

Demo Session

Truly Advanced Accounts Payable Automation: How It Works

As 2020 continues, businesses need to turn to digital transformation of their accounts payable operations within spend management systems to create resilient organizations. Now more than ever, our clients are relying on automated cloud-based technology and big data-driven analytics to maintain their business operations amidst the current pandemic while keeping their employees safe through remote work. Join this demo to see how simple it is to act now by automating and improving your AP in order to realize the immediate benefits that end-to-end spend management can offer.

Sponsored by: Medius Software

2:15 - 3:00pm ET

Live Session

Moderated by Mark Brousseau; presented by Ryan Rounsefell, Sales Engineer, Esker

Demo Session

Esker’s Accounts Payable automation solution allows businesses to eliminate the manual pains of traditional AP invoice processing with AI-driven data capture, automated processing and electronic workflow — helping businesses save time and money while improving supplier relationships, gaining full process visibility and empowering employees.

Esker’s Accounts Payable solution automates every phase of AP invoicing — from reception of an original document to the creation of an accounting book entry in the ERP system — minimizing manual touch points and helping staff work smarter, not harder. Thanks to its cloud-based infrastructure, Esker helps to promote workplace flexibility and business continuity, and the Esker Anywhere™ mobile application gives managers the ability to review, approve and reject purchase requisitions and supplier invoices, remove process holdups quickly, and follow P2P process performance trends anytime, anywhere. With Esker AP automation, your business can have a simpler, more efficient way to manage cash flow and generate new revenue.

Sponsored by: Esker

3:15 – 3:45pm ET

Live Session

Peer Roundtables

Day 2 Peer Roundtable discussion topics will explore ERPs:

  • Oracle
  • SAP
  • Microsoft

Thursday, Dec. 3

10:00 – 10:45am ET

Live Session

Moderated by Josh Barrett, Director of IOFM; presented by Geoff Ruffer, Business Development Manager, Esker

Daily Kickoff

Putting Together What AP Automation Means for Your Business

By now, you’re probably familiar with the technology and features that come hand in hand with AI-driven AP automation: customizable KPI dashboards, electronic workflows, cloud-based infrastructure and more. But what exactly does that mean for your business? How will it affect individual teams and your organization as a whole?

In this session, we’ll put it all together for you and delve into what the benefits and functions of AP automation means for your end users, managers, finance and administration teams, and your organization as a whole. Register for the session to discover how automation creates a more strategic role for AP and how your business can better capitalize on it.

Sponsored by: Esker

10:45 – 11:45am ET

Live Session

Moderated by Mark Brousseau; presented by Dor Bocian, Co-Founder & Partner of Extropy Advisors on behalf of Basware; Shannon Kreps, VP Product Marketing, Medius Software; Greg Bartels, President & CEO, IPS; and Danny Thompson, Senior Vice President, Market and Product Strategy, Apexanalytix

Virtual Town Hall

The AP Pro’s Forum on Emerging Technologies

Accounts payable technologies are changing at dizzying rate. From artificial intelligence and machine learning to robotic process automation and cognitive analytics, making sense of it all can overwhelm the most tech-savvy accounts payable leader. What does each technology do? How do you determine the best technology for your needs? How does each technology complement your existing tech stack? How do you build a business case for these technologies? Join us for this virtual town hall meeting as our panelists answer your questions about emerging payables technologies.

Sponsored by: Basware, Medius, IPS, and Apexanalytix

1:15 – 2:00pm ET

Live Session

Moderated by Mark Brousseau; presented by Anand Misra, Director of Product & Partner Marketing, Tipalti, and Nick Corradino, CPA, Solutions Consultant

Demo Session

Automating Payable Operations - A Holistic Approach

  • Challenges the discipline of finance faces today
  • Recommendations how you can take a holistic approach to automating payments operations
  • Overview of the Tipalti solution
  • Examples of customers who have benefited from smart automation

Sponsored by: Tipalti

2:15 - 3:00pm ET

Live Session

Moderated by Mark Brousseau; presented by Diane Gasparro, VP Sales, Circulus

Demo Session

Circulus End-To-End AP Automation and Outsourcing Solutions

With invoice automation and strategic outsourcing being hot topics, Circulus is here to help transform your manual processes with our end-to-end solutions designed to scale seamlessly, regardless of complexity. Consolidate your AP, increase visibility, streamline communications, and uncover business-driving insights. Our capabilities have helped such companies as Verizon, Cinemark, Greyhound, and Accenture.

Sponsored by: Circulus

3:15 – 3:45pm ET

Live Session

Peer Roundtables

Day 3 Peer Roundtables will focus on invoice volume:

  • Small: < 20k
  • Mid-sized: 20k-100k
  • Large: >100k

Friday, Dec. 4

10:00 – 11:00am ET

Live Session

Moderated by Mark Brousseau; presented by Russell Seifert Account Executive, Aavenir, and Vikram Chakrabarty, Product Evangelist, Aavenir

AP Automation Session

Enabling AP Processes for an Efficient Distributed Workforce

Harnessing AI & Workflows to Enable an Efficient Distributed Workforce Remote and distributed team is going to be the new normal, but it comes with its own challenges, especially for Accounts Payable (AP) teams. Learn how to enable the AP department with AI and digital workflows for the new, distributed workplace.

Join Russell Seifert, Account Executive, and Vikram Chakrabarty, Product Evangelist, at Aavenir for this fun-filled and use-case driven session that demonstrates the process of achieving the highest level of process maturity using a proprietary AP maturity model. Built natively on the ServiceNow, Aavenir Invoiceflow minimizes upfront costs and offers faster deployment to achieve quick ROI realization.

What will be covered in this session?

  • Connecting the Distributed Workforce in AP department
  • Ideal Transformation Journey: A Roadmap for AP Automation
  • Live Use Case: Accelerate Invoice Processing using AI + Digital Workflows
  • Assessing ROI for AP Automation
  • Demo: Aavenir Invoiceflow on ServiceNow

Sponsored by: Aavenir

11:15 – Noon ET

Live Session

Moderated by Mark Brousseau; presented by Paul Ogawa, Sr. Regulatory Counsel, and Lindsay Matter, Sales Engineer, Sovos Compliance

Demo Session

Are you prepared for the challenges of the upcoming 1099 Tax Reporting season?

As tax and accounting professionals may know, this tax season is shaping up to be one of the most challenging in years. With the combination of a significant new form (1099-NEC) and rapidly changing state reporting requirements, stretched resources working remotely may struggle to maintain compliance. One of the most notable changes to this year's 1099 reporting is that the IRS announced that that Form 1099-NEC (Nonemployee Compensation) - previously reported on Form 1099-MISC utilizing Box 7 - will NOT be included in the Combined Federal/State Filing (CF/SF) program. This means that for tax year 2020 there will be no mechanism for the reporting of non-employee compensation to state governments. To date 15 states have released guidance for the direct reporting of the 1099-NEC data, with likely many more to come.

Fortunately, Sovos can keep you ahead of this challenge and is eager to help your team rest easy this tax season! In this demo you’ll learn:

  • All about the changes to the 1099-MISC and the new Form 1099-NEC
  • How the states are responding to the 1099-NEC not being included in the CF/SF program and the implications to your team/organization
  • How Sovos software and services can eliminate manual processes and empower your team to easily manage all of your federal and state 1099 reporting in less time with fewer errors, working from anywhere

Sponsored by: Sovos Compliance

1:30 - 2:15pm ET

Live Session

Moderated by Mark Brousseau; speaker TBA

Demo Session

AP Automation that Helps AP Work Better

If there is one thing we have learned in 2020, it is that things change fast. And accounts payable departments need an invoice processing solution that can address those changes. See how IPS AP automation makes Work from Home work better, using: a digital mailroom, intelligent data capture, digital workflows, mobile approvals, a supplier portal, invoice analytics, and ERP integration. Join us for this demo and see a single solution that can process any invoice, in any format, in any volume, with any complexity, using any device and post it directly to any ERP, no matter where staff work.

Sponsored by: IPS

Continuing Education Credits available:

Receive up to 12 CEUs towards IOFM's AP and P2P Certification programs:

AP CertificationPP-OC_seal_APP_outline.FNL

Receive 3 CEUs per day towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.

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