The Barclays Emerging Payments Forum is an annual event that brings together a broad spectrum of leaders and executives from both the private and public sectors, all of whom are key figures in and around payments and technology. The two-day event, which will be held March 14th and 15th at the InterContinental New York Times Square in New York City, features a wide array of presentations and panels ranging from FinTech investment to changes and blurred lines at the POS to merchant acquiring to FICO scoring. Rawls will be joined by executives from First Data, Verifone, Square, PayPal, Visa, Western Union, Barclays, and many others. The event will also be available via Webcast.

Rawls will participate in what is sure to be a lively panel presentation on, 'Merchant Acquiring – Life is Good, Can it Last?' alongside executives from Cayan, Vantiv, Paysafe and Yapstone. Attendees and those engaging via Webcast can tune in for the discussion Wednesday, March 15th at 9:50am EDT.

About iPayment
iPayment is a trusted provider of payment processing solutions in the U.S. With over 18 years of experience and more than 140,000 SMB customers, the company is consistently recognized for its depth of payments experience, breadth of product offerings, and commitment to transparency and SMB support. From new product innovation to customer service satisfaction, iPayment is an organization focused on small business enablement and delivering relevant and impactful services and solutions that help partners and SMB customers grow their individual businesses. For more information on iPayment, please visit http://www.ipaymentinc.com.

Finexio’s platform, the smart B2B payment network, delivers an electronic commercial payment capability which eliminates the high cost of paper based check printing and mail expense for accounts payable departments.  The Finexio smart B2B solution intelligently converts paper payments to electronic and identifies the most efficient direct bank deposit method available for the vendor.  This solution seamlessly integrates into enterprise accounts payables and procurement software platforms to effortlessly embed electronic payments into the corporate buying and selling experience.

""Finexio's proprietary payment network helped Morgan & Morgan identify incremental spend opportunities missed by legacy banks.""

ERNEST ROLFSON, CEO AND FOUNDER

Morgan & Morgan is Finexio’s first major customer in Central Florida, and said it is pleased to support local Central Florida technology innovation and job creation.

“Our firm is excited to be partnering with Finexio to help streamline our payment processes,” Morgan & Morgan CFO Jason Kimmel said. “We are dedicated to embracing new technologies that improve client services and allow us to better work with local companies, which is very important to us.”

Finexio’s smart payment network helps corporations and payments software platforms to eliminate costly and inefficient paper checks mailed to vendors.  Deployed as an integrated commercial payments platform as a service, Finexio turns accounts payable departments from a cost center to a profit center.  Finexio weaves together access to several private “closed loop” payment processing networks to rapidly eliminate and convert checks to electronic formats.

“Finexio’s proprietary payment network helped Morgan & Morgan identify incremental spend opportunities missed by legacy banks,” said Ernest Rolfson, CEO and Founder of Finexio.  “The automation and intelligent network routing capabilities we deploy at Finexio combined with flexible pricing for suppliers, helps Morgan & Morgan miss fewer payment transactions and accelerate rebate opportunities.”

About Finexio

Finexio is the smart B2B payment network.  The Finexio network eliminates commercial paper check spend by identifying and routing payments through a unique “network of closed loop networks”.  Payments on the Finexio rails are seamlessly pushed into a supplier’s bank accounts at fees substantially lower than prevailing commercial payment costs.   Finexio integrates into large payment aggregators, accounts payable automation, and procurement software platforms to enable them with a more efficient payment modality. More information on Finexio’s smart B2B payment network can be found at http://www.Finexio.com

About Morgan & Morgan

Morgan & Morgan, based in Orlando, is a leading plaintiffs’ firm, working for the people, with more than 300 attorneys in nearly 40 offices in 10 states. The firm represents clients in dozens of practice areas, ranging from personal injury, labor and employment, workers’ compensation, mesothelioma and medical malpractice to class actions and mass torts, among other areas. Its attorneys, along with its almost 2,000 support staff, fight for justice while providing a personal experience to each and every client. For more information, visit www.forthepeople.com.

In finance, process automation is a journey toward lower costs, increased efficiency, and greater visibility. But your Enterprise Resource Planning (ERP) solution alone isn’t going to be enough to drive automation across your organization’s financial processes. Whether you’re starting in accounts payable (AP), or you’re ready to expand automation beyond AP to the entire procure-to-pay (P2P) process, you’re going to need more than your ERP for this journey.

According to a 2016 report by The Hackett Group, “ERPs are not optimized for all the complex activities occurring today, such as matching printed or electronic invoices with supplier master data, purchase orders, shipping, tax and discount data.” ⁱ This doesn’t mean that a costly ERP replacement is necessary to reach optimum levels of automation. Instead, the Hackett Group suggests augmenting the ERP with document and process automation solutions.

Choosing The Right Vehicle For The Journey

The road trips my friend’s family took were incredible adventures that were planned with the help of a huge, impossible to refold roadmap and an understanding of the limitations of their most important travel tool: that 4-door sedan.

Before you head down the road to P2P automation, you’ll need to optimize your ERP with technology that fills the gaps where manual transactions and poor visibility into processes remain. One route to achieving this is through the use of certified add-on solutions that provide a single software platform to automate a series of processes – ideally, directly within the ERP system.

These add-on P2P automation solutions include capture technology, automated workflow, self-service supplier portal options, robotic process automation and most importantly—ERP integration. Because your ERP is the system of record for your AP and P2P processes, it only makes sense that integration is a vital piece of your project.

In IOFM’s 2015 AP technology survey, 51 percent of respondents indicated their organization has integrated, or plans on integrating, their AP automation solutions and ERP systems. The technologies that topped the list included data capture and imaging solutions and workflow/invoice approval solutions. According to IOFM, integration enables organizations to achieve true end-to-end automation by allowing organizations to validate invoices against ERP supplier and PO information, affirming general ledger coding concurs with the ERP and ensuring correct invoice posting.ⁱⁱ

You’ve already made a significant investment in your ERP, and your P2P automation solution should work with it not around it. Tight ERP integration offers:

• Increased visibility into current data
• Unified processes and information
• Access to trapped and unstructured information
• Improved functionality of your existing system

Just as my friend’s family relied on bridges, tunnels, boats and much more than just their trusty family vehicle, you’ll need more than your ERP to automate across your P2P processes. You’ll also need the support from your IT committee and stakeholders throughout your organization. As you begin your automation journey, one of the first questions from your IT committee will be “How does this solution work with our ERP/ERPs?” It’s important to have your answer ready to help your project get off the ground. Grasping technology basics is key to cruising through these meetings with your IT committee.

Download this tech guide to learn more about the technology behind P2P automation, and drive your project to success.

Interested in learning more about our P2P automation solutions that work with and within your ERP? Register for Inspire today.