How AP Creates Value In Times of Change

2020 will be remembered for ushering in a new era of remote working and accelerated adoption of automation. For many AP teams, just keeping up with payments and 1099 changes amid that turmoil was a dauting challenge. But for some, this year created an opportunity for AP to add tremendous value to their organizations.

Oil and gas drilling company Helmerich & Payne (H&P) optimized their payables working capital to increase cash and income during the COVID economic crisis. Learn, first-hand, how H&P improved payment terms, deployed an early pay program, and strengthened their supply chain — all since April of this year.

In this free webinar, you will learn how H&P:

• Developed a working capital plan
• Improved DPO to increase cash on the balance sheet
• Deployed a successful early pay program in under 90 days
• Helped cash starved suppliers manage the COVID economic downturn

Jess Scheer
Editor, IOFM

IOFM Editor Jess Scheer is an award-winning business reporter, focused on the intersection of accounting, finance and management. Before joining IOFM, Jess spent five years as a Process Consultant, helping organizations more effectively and efficiently manage end-to-end processes, including Procure-to-Pay and Order-to-Cash.

Jess is a popular speaker, keynoting IOFM’s annual conferences. His sessions draw on his experience helping organizations create effective measurement approaches, conducting custom survey projects, as well as personally managing several large-scale benchmarking programs.

Blake Lovelace
Director of Corporate Finance & Treasury, Helmerich & Payne, Inc.

Blake oversees H&P’s corporate finance, treasury and corporate planning activities including budgeting, capital structure & capital return planning, quarterly guidance for Wall Street and cash & working capital management. Prior to H&P, Blake served as a hedge fund analyst with Scout Capital Partners in New York and Palo Alto, CA and Breeden Capital Management in Greenwich, CT. Blake began his career in the Investment Banking Group at Merrill Lynch. He has a BS in Business Administration and Accounting from Washington & Lee University and an MBA from the Wharton School at the University of Pennsylvania.

Tom Glassanos
Founder and President, The Bavelos Group

Tom is founder and President of The Bavelos Group, an advisory services firm for Early Pay Programs and Supply Chain Finance. He is a working capital veteran credited with key innovations such as "Dynamic Discounting" and "Buyer Initiated Payment (BIP)" cards and has been recognized by Supply & Demand Chain Executive Magazine as a "Pro to Know" three times. He was founder and CEO of P2P software pioneer Xign Corporation which was acquired by J.P. Morgan Chase. Tom has an MBA from Harvard University.