Audio Conferences

  August 6, 2008 at 02:00PM ET

Not too long ago, outsourcing was considered solely a cost-cutting maneuver in AP departments. Today it is a strategic initiative that can entirely re-shape an organization.

Find out how by attending this IOMA audio conference that examines the possibilities of outsourcing all—or part—of Accounts Payable processing.

Outsourcing today is designed to create strategic value for the AP Manager and the organization that goes well beyond cost savings, including better access to business information and the ability to analyze it, a significant decrease in error rates and vastly improved internal controls, and the virtual elimination of staffing problems through higher-level specialization and improved productivity.

But, many AP Managers labor under the assumption that outsourcing AP processes is an all-or-none proposition.

This audio conference will teach you incremental options, from toe-in-the-water to a full-scale handover; from simple mail room services and imaging to full-blown data entry, validation and integration with your ERP system.

Does outsourcing all or part of your processes make sense for your AP department and your organization? This audio conference will equip you with both the raw information and a strategic view of the whole enough to be a valuable resource with respect to these decisions.

In just 90 minutes, you’ll:

• Gain a fundamental understanding of the outsourcing option
• Be able position themselves as their organization’s go to person in terms of investigating these options, when the time comes
• Be able to explain the difference between the operational and strategic reasons to examine outsourcing options
• Learn how to manage expectations with respect to pure cost control as it results from utilizing an outsourcing option

FEATURED FACULTY

Sid Vasili,
Chairman Invapay Payment Solutions Ltd.

Sid Vasili is the current Chairman of Invapay Payment Solutions Ltd. Branded as the PayPal for the corporate world, Invapay is a payment mechanism vendors not only approve of, but agree to supply the elusive line-item detail prudent finance managers need. Prior to that Sid had his own AP Outsourcing company in England, which he eventually sold to BottomLine Technologies, where he remained for two years as Managing Director Global Transaction Centres.

Sid is an AP Visionary. He understands the Transformation we are all experiencing, and uniquely he can look at it from all sides. In July of last year, Jeff Nicholson, Director of Product Marketing, Bottomline Technologies described Sid in this way:

“Sid is an expert at Accounts Payable Automation and Process Improvement. Sid is an outstanding leader [and an] excellent communicator, who is always willing to spend time with others to share his knowledge and experience to help solve business problems and meet customers' needs.”

Henri Ijams
PayStream Advisors, Inc., Managing Director

Henry Ijams is the Managing Director and Founder of PayStream Advisors, a financial automation consulting firm with a focus on emerging technologies in the financial supply chain. As a former banker and payments technology entrepreneur, he is well known in the financial automation and payments industry and speaks frequently at conferences. Mr. Ijams’ 20 years of experience includes key positions with Citibank and Manufacturers Hanover Trust as well as a manager of Ernst & Young’s Financial Services Consulting practice.

Mr. Ijams has developed a leadership position in the financial industry through his research publications and articles on trends and strategies on the automation of back-office financial operations such as accounts receivable and payables, and treasury.

He is widely quoted by such publications as Treasury & Risk Management, the AFP Journal, Document Management, Financial Times, CFO, and the American Banker. Mr. Ijams holds a BS in Management from Rochester Institute of Technology and an MBA from the UNC Kenan-Flagler.