Three Steps Companies Can Take Around Their Payments Processes to Help Improve Liquidity Management

As the credit crunch prevails and we continue to see a tightening of the economy, the need for companies worldwide to maintain better cash management practices is no longer a choice but a prerequisite for survival. Companies can no longer manage payables, payment processes and banking relationships at a subsidiary or business-unit level. In today's volatile environment the need to centrally control transaction costs, adopt a standardized approach to payments and fraud prevention, reduce costs, and maintain a complete view of cash positions is paramount.

Best-in-class companies are implementing steps around their payments processes to help improve liquidity management. They are leveraging payment factories so that they can generate all payment instructions for their entire enterprise. Centralization of their payments operations is enabling these companies to gain control and visibility over their cash out-flows (payments processing) and cash in-flows (receivables) and in turn provide treasury with greater control over cash and risk. They are also migrating to electronic payments processes and reducing their need for expensive and time-consuming check-printing processes. They are also improving their security and mitigating risk and fraud.

Attend this webcast and hear how companies are implementing steps to improve their liquidity management using these three steps:

1. Improve visibility with centralized payment workflow & approval
2. Reduce costs with electronic execution of payments
3. Reduce fraud and erroneous payments

Presenters:

• Elizabeth St-Onge, Managing Director - Treasury Strategies
• Peter Schmitz, Global Integration & Controls Manager, Treasury - Dell
• David Dunmire, Sales Support Director US - SunGard