Payment trends over the last 3 years indicate that the use of checks has declined by nearly 14% while the adoption of ACH, Credit Cards and Virtual Cards is rising steeply. However, if you are like most companies you might be struggling with controlling the costs of processing e-payments, or being able to drive your customers to adopt e-payment methods. Does that mean that the utopia promised by e-payments is a myth?
The Payment Maturity Model has been developed to help you analyse how you well you are placed to capitalize on changing payment trends to the advantage of the A/R team. Devised after working with more than 350 account receivable teams across industries, the maturity model is the definitive starting point for A/R leaders to understand current process effectiveness and to define actionable next steps to ascend the maturity pyramid.
Key Takeaways from this webinar include:
- Understanding the different stages in the Payment Maturity Model and their implications
- Gauging the maturity of your current processes based on the parameters of cost control and method control
- Next steps and timelines for upgrading your process to the top of the maturity pyramid
- Essential elements to optimise your payments for faster and cheaper processing across all payment formats including ACH, checks, Credit Cards and Virtual Cards
Special Projects Editor, IOFM
Mark Brousseau is a noted analyst, speaker, writer and marketer, with more than 21 years of experience in advising leading providers of financial operations solutions and services.
Brousseau is president of Brousseau & Associates, a full-service strategic marketing and business development consultancy with the largest client base of any firm of its kind. Brousseau & Associates counts among its clients many top solutions and services providers in the payables, receivables, payments, document management, and healthcare verticals.
Associate Vice President, Payments Products, HighRadius
As part of HighRadius' Product Management leadership, Deepanjan is responsible for building the world's first network for suppliers and buyers to interact on all aspects of the credit-to-cash cycle. Deepanjan leads the company’s payments and network initiatives across the Integrated Receivables Platform.
Deepanjan has over a decade of experience in building successful cloud-based B2B enterprise products, used by thousands of users worldwide. His experience includes solving Big Data problems in supply chain and finance across the high-tech and retail verticals, using the latest technologies.
Continuing Education Units available:
Receive 1 CEU toward renewing ARM, ARS, AOCM or AOCS certification from the Institute of Finance and Management! The Accounts Receivable Certification and Order-to-Cash Certification Programs are designed to establish standards for the profession and recognize Accounts Receivable and Order-to-Cash professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Receivable and Order-to-Cash bodies of knowledge.
This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C 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.