Todd M. Albers, Senior Payment Consultant, Federal Reserve Bank of Minneapolis to Speak at TKG’s AP Invoice Processing Event
The Knowledge Group Live Webcast Series has announced today that Todd M. Albers, Senior Payment Consultant, Federal Reserve Bank of Minneapolis will speak at the Knowledge Group’s webcast entitled: “AP Invoice Processing: Maximizing Opportunities and Overcoming Challenges in 2018 LIVE Webcast”
- (1888PressRelease) October 31, 2018 - This event is scheduled for Thursday, November 8, 2018 @ 3:00 pm to 4:00 pm (ET).
For further details, please visit: https://www.theknowledgegroup.org/webcasts/ap-invoice-processing-2018/
About Todd M. Albers
Todd M. Albers is a Senior Payments Consultant at the Federal Reserve Bank of Minneapolis in the Payments, Standards, and Outreach Group. Todd joined the Federal Reserve Bank in 2016, and his duties include work that covers research and coordination amongst interested parties in B2B payment efficiency, standards, and electronic invoicing. He is the convener of the Business Payments Coalition e-Invoicing Work Group, and is a member of the ISO 20022 Payments Standard Evaluation Group, World Wide Web Consortium (W3C) Web Payments Interest Group & Web Payments Work Group, OASIS Universal Business Language (UBL) Technical Committee, and co-chairs the UBL Adoption sub-committee.
Todd’s background includes 18+ years in the Financial Services and Technology Industry; where he was responsible for strategy and new product development for products including electronic accounts payable (EAP), electronic invoice presentment & payments (EIPP), commercial credit cards, and expense report management tools.
About Federal Reserve Bank of Minneapolis
The Payment, Standards, and Outreach Group advances the Federal Reserve System mission in payments by coordinating the Federal Reserve Banks’ work in standards and supporting research, education, and other initiatives that increase the efficiency of business-to-business (B2B) transactions, mitigate payment fraud risk, and enhance understanding of select payment innovation.
Event Synopsis:
Despite its huge effect on a business' cash flow, there are still many businesses that don’t give much attention to the accounts payable (AP) department. A number of potentials can be lost when a company fails to capitalize on its payment agreements with suppliers.
There are numerous opportunities to cut costs and improve efficiency in AP invoice processing. However, there are also a number of difficulties in achieving these goal. One of the biggest issues faced by several organizations is the reliance on paper invoicing. Missed or late payments are usually caused by lost paperwork. Moreover, paper documentation usually delays AP invoice processing since copies have to be physically distributed for review.
AP automation addresses these inefficiencies and further improves accuracy, efficiency, and record keeping. In this LIVE Webcast, a panel of distinguished professionals and thought leaders will help firms understand the important aspects of this significant topic. They will provide an in-depth discussion of AP automation as a growing business trend and will also offer best practices in developing and implementing best adoption practices.
Key topics include:
- AP Invoice Processing – Key Challenges
- Recent AP Automation Trends and Developments
- AP Automation and Fraud Prevention
- Best Automation Practices
- Outlook
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
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