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Mastering Supplier Relationships to Optimize Payments

Mastering Supplier Relationships to Optimize Payments_Web Banner

Thursday | April 18th | 12 PM CT
Presenter: Ernie Humphrey, Treasury Webinars

Supplier relationships matter. The strength of supplier relationships impacts contract terms, and the timing and type of supplier payments which have meaningful impacts on the bottom line. Friction in supplier relationships impact productivity within and beyond accounts payable and procurement, inflates payments processing costs and facilitates working capital management decisions that are less than optimal.
Join us to discover 7 bottom-line impacts from supplier management done right and how companies are leveraging technology to:

  • Reduce friction within your AP team and with suppliers to facilitate collaboration and build relationships with suppliers.
  • Empower employees to spend more time performing strategic, business-critical tasks while also being happier in their jobs.
  • Reduce AP processing costs.
  • Easy replication of tasks and processes across multiple locations, international borders, and business units.
  • Allows business to retain full control and autonomy over operations rather than outsourcing low-value tasks to a third party.

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Learning Objectives:

  • Understand the root causes of supplier relationship issues.
  • Identify and mitigate silos within your AP team.
  • Discover the role of relationship management in taking more control of payment types and timing.
  • Understand the value of making data-driven decisions relative to how and when suppliers are paid.
  • Discover the role of technology in facilitating collaboration within an AP team and with suppliers.

ERNIE HUMPHREY  – Founder & COO, Treasury Webinars

Ernie Humphrey serves as the CEO of 360 Thought Leadership Consulting & Treasury Webinars. Treasury Webinars has delivered thought leadership webinars to over 20,000 treasury and finance leaders across the globe. Ernie was a driving force behind Proformative, formerly the largest community of Finance professionals, which grew from 500 to 30,000 during his tenure. He was a long-time treasury manager and formerly served as the Director, Treasury Services at AFP. His e-book focused on career management was recognized as one of the Top 10 e-books for CFOs in 2018. Ernie was named one of the Top 20 Pioneering CEOs by Tech Magazine in 2020. Ernie has a BS and MS in Economics both from Purdue University.

MHC Automation is registered with IOFM as a sponsor of continuing education credit for any Accounts Payable or Procure-to-Pay Certification. These certifications 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. IOFM holds final authority on the acceptance of individual courses.

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