Electronic Bill Presentment & Payment efficiency CenPOS vs others. Replace paper invoices, improve cash flow. Fully integrated reporting engine with your retail, mobile, and ecommerce payments. Level III processing supported.
A strong supply chain consisting of reliable sourcing partners accelerates the growth of successful enterprises. To build successful supplier relationships, each enterprise ensures to make fast payments for vendor invoices received. The vendor invoice can be divided primarily into PO invoices(having reference Purchase Order) and Non-PO Invoice(Vendor generated without any PO reference). To reduce average receipt-to-invoice cycle time, Accounts Payable teams use different digital tools such as ERP, A/P automation tools, and lately even ServiceNow to replicate invoice approval workflow. In this presentation, we will learn the difference between PO & Non-PO invoices, and understand the best practices to implement a successful invoice approval workflow process using the ServiceNow platform.
This document provides an introduction to financial management for small businesses. It discusses the importance of financial accounts, tracking money in and out, and using reports to understand business performance and make decisions. The document also provides a practice session walking through common financial tasks like recording a sale, invoicing a customer, receiving a payment, and writing a check. It concludes by offering tips on getting started with financial management and helpful resources.
In today’s ever-changing and competitive world, the Finance & Accounting function is one of the key functions being tracked by management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business performance have prompted many CFO’s and finance executives to look for new approaches, including outsourcing of the finance & accounting function.
With OATS’ finance and accounting outsourcing functions, you can be assured that your fiscal and regulatory risks are being managed effectively
One wasteful place where money flows out the door in small businesses is in late fees. Invoices get paid late when they are out of sight. Having an accounts payable process in place that includes visual cues can reduce, even eliminate paying fees, fines and penalties associated with missed or past due invoices.
The document discusses the revenue cycle in accounting information systems. It describes the key tasks and functional departments involved in the revenue cycle, including generating journal vouchers for billing, inventory control, and cash receipts. It also outlines the typical documents, files, and flow of transactions for manual and computerized revenue cycle processes like sales order processing, sales returns, and cash receipts. Finally, it discusses how technology can automate or reengineer different parts of the revenue cycle through real-time processing, point of sale systems, and electronic data interchange.
Global Payment System- Reference ArchitectureRamadas MV
The document does not contain any text to summarize. It only contains the abbreviation "ST" which provides no context or meaningful information to summarize in 3 sentences or less.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls.
The document discusses the evolution of IT management over time. It covers several frameworks and standards that have helped to standardize and improve IT management, including:
- ITIL (Information Technology Infrastructure Library), introduced in 1980, which provides best practices for IT service management.
- Enterprise architecture frameworks, developed in the 1980s, which help align business and IT strategies through architectural models and views.
- COBIT (Control Objectives for Information and Related Technologies), introduced in 1996, which provides a framework for the governance and management of enterprise IT.
- Process automation, which aims to streamline and optimize business processes through the use of technologies like BPMN, BPEL and XPDL to model
A strong supply chain consisting of reliable sourcing partners accelerates the growth of successful enterprises. To build successful supplier relationships, each enterprise ensures to make fast payments for vendor invoices received. The vendor invoice can be divided primarily into PO invoices(having reference Purchase Order) and Non-PO Invoice(Vendor generated without any PO reference). To reduce average receipt-to-invoice cycle time, Accounts Payable teams use different digital tools such as ERP, A/P automation tools, and lately even ServiceNow to replicate invoice approval workflow. In this presentation, we will learn the difference between PO & Non-PO invoices, and understand the best practices to implement a successful invoice approval workflow process using the ServiceNow platform.
This document provides an introduction to financial management for small businesses. It discusses the importance of financial accounts, tracking money in and out, and using reports to understand business performance and make decisions. The document also provides a practice session walking through common financial tasks like recording a sale, invoicing a customer, receiving a payment, and writing a check. It concludes by offering tips on getting started with financial management and helpful resources.
In today’s ever-changing and competitive world, the Finance & Accounting function is one of the key functions being tracked by management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business performance have prompted many CFO’s and finance executives to look for new approaches, including outsourcing of the finance & accounting function.
With OATS’ finance and accounting outsourcing functions, you can be assured that your fiscal and regulatory risks are being managed effectively
One wasteful place where money flows out the door in small businesses is in late fees. Invoices get paid late when they are out of sight. Having an accounts payable process in place that includes visual cues can reduce, even eliminate paying fees, fines and penalties associated with missed or past due invoices.
The document discusses the revenue cycle in accounting information systems. It describes the key tasks and functional departments involved in the revenue cycle, including generating journal vouchers for billing, inventory control, and cash receipts. It also outlines the typical documents, files, and flow of transactions for manual and computerized revenue cycle processes like sales order processing, sales returns, and cash receipts. Finally, it discusses how technology can automate or reengineer different parts of the revenue cycle through real-time processing, point of sale systems, and electronic data interchange.
Global Payment System- Reference ArchitectureRamadas MV
The document does not contain any text to summarize. It only contains the abbreviation "ST" which provides no context or meaningful information to summarize in 3 sentences or less.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls.
The document discusses the evolution of IT management over time. It covers several frameworks and standards that have helped to standardize and improve IT management, including:
- ITIL (Information Technology Infrastructure Library), introduced in 1980, which provides best practices for IT service management.
- Enterprise architecture frameworks, developed in the 1980s, which help align business and IT strategies through architectural models and views.
- COBIT (Control Objectives for Information and Related Technologies), introduced in 1996, which provides a framework for the governance and management of enterprise IT.
- Process automation, which aims to streamline and optimize business processes through the use of technologies like BPMN, BPEL and XPDL to model
Chapter 01 INTRODUCTION TO COMPUTER BASED ACCOUNTINGayanthimadhumali
Introduction to Computer Based Accounting.
Difference between manual accounting system and computerised accounting
Advantages and disadvantages of computerised accounting
Accounting Software packages
Types of accounting software files system
The procure to pay process involves 9 steps: 1) determining requirements, 2) sourcing, 3) vendor selection, 4) purchase order processing, 5) order monitoring, 6) goods receipt, 7) invoice verification, 8) payment verification, and 9) payment. The process tracks requirements and ensures accurate matching between purchase orders, goods receipts, and invoices. It allows efficient payment of vendor invoices and updating of accounting records.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Order to Cash. Cash is King. Prime elements, points that block successful ETE flow. KPI's/metics and how to guage where your company really ranks: a Business leader, Average, or Laggard.
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
The document discusses the procure-to-pay (P2P) process and opportunities for improvement. It notes that the P2P process starts with identifying a need and ends with a supplier being paid, but that the upstream and downstream parts are often managed separately. This leads to inefficiencies. The document outlines typical challenges across the P2P process and recommends leading practices to address them, such as standardized online requests and centralized invoice processing. It also presents a three-stage maturity model for P2P processes and describes how the consulting firm ScottMadden can help organizations improve P2P.
Toward a Future-Proof Product Control FunctionCognizant
This document discusses the need for investment banks to rethink their product control departments given increasing regulatory scrutiny, interconnectedness of functions, and data complexities. It proposes establishing a new operating model and framework for product control with a focus on transparent and accurate valuations. Specifically, it recommends developing governance and operating models, a data acquisition and control framework, standardized processes for P&L, independent price validation, and funding allocation, as well as integrated workflow management. This would help address current challenges with people, processes, systems, and data across product control functions.
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
The Basic function of QuickBooks software Stuart Braud
Storing financial information safely over cloud is the first choice of every accountant. And we found that QuickBooks is the most valuable tool for any business. QuickBooks is a financial accounting software program manufactured by Intuit. There are a lot of features and functions of QB, some of them are known and some are unknown facts from others. Therefore, today in this presentation we are going to discuss some of the most important functions of QuickBooks.
This document provides an introduction to financial modeling. It defines financial modeling as creating a model that answers key questions about the potential size, growth and requirements of a business. It discusses two common methodologies for financial modeling - top-down modeling based on market share assumptions, and bottom-up modeling based on measurable inputs like customer acquisition costs, churn rates and customer lifetime value. The document provides examples of calculations that can be included in a financial model to project metrics like revenue, expenses, profits and customer counts. It recommends setting up standard tabs in an Excel model for inputs, market factors, revenue, staffing, costs, capital expenditures, debt and summary financials.
Order To Cash - Inefficiencies and redundancies throughout the OTC cycle are an expensive affair for businesses and prevent them from turning receivable into cash.
The time might just be ripe for change in thinking when it comes to putting together an Enterprise Order To Cash paradigm in place ….. a more cohesive & comprehensive approach enabling Businesses to horn there competitive edge, unlock efficiencies, increase speed, significant cost reduction thereby have direct impact on the Top line and bottom line across the Enterprise.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
This document provides an overview of card payment systems. It describes the simplified authorization flow when a customer makes a payment by credit or debit card, involving the merchant, acquirer/processor, payment brand, and issuer. It also discusses electronic data capture, the ISO 8583 financial transaction message format, magnetic stripe vs EMV chip cards, verification options, card not present transactions, card management systems, and the simplified settlement flow.
The relationship and communication between the CPO and CFO in any organization is critically important. In this 'must-see' presentation we review the activities of the Procure- to-Pay Process and the value that has been generated by ISS Group for the QAD community utilizing the ISSG iPurchase™ (PO Requisitions utilizing a highly Advanced Approval Workflow Engine), and iVoucher™ (AP Automation) Solutions that transform and digitize those activities, controlling Maverick spend, instilling Policies and Compliance and streamlining the entire AP department.
This document discusses digital banking. It was first incorporated in the United States and is governed by federal regulations. Digital banking allows customers to view accounts, make transfers, pay bills, and access other services through a bank's website or mobile app. Customers can access their accounts 24/7 from anywhere. While digital banking offers convenience, there are also security risks and customers may miss in-person relationships with their banks.
The core requirements for buy now pay later (BNPL) solutions are:
1) Being embedded early in the purchase journey to capture benefits for consumers and merchants.
2) Providing a simple user experience to optimize conversion and reduce abandoned carts.
3) Offering flexible underwriting models to provide real-time credit decisions for a broad range of credit profiles.
4) Being easy for merchants to implement at scale with low effort and standardization.
5) Competing on price as the product becomes commoditized to ensure acceptance.
6) Funding merchant incentives to differentiate from other solutions.
This document discusses accounting in ERP systems, specifically SAP's FICO module. It describes the two main types of accounting: financial accounting, which focuses on external reporting, and managerial accounting, which focuses on cost accounting and understanding costs. Financial accounting uses transactional data to generate balance sheets, income statements, and integrates with other ERP modules like sales, materials management, and production planning. Managerial accounting allows for more flexible configurations to meet management's needs for analyzing costs and profitability. The document outlines how accounting modules like FI (financial accounting) and CO (controlling) work together in an ERP system.
The document discusses different types of information systems including transaction processing systems, management information systems, decision support systems, and executive support systems. It provides details on each type, including their characteristics, objectives, examples, and how they support different levels of management within an organization. The key types discussed are transaction processing systems which handle routine business transactions, management information systems which provide reports to middle management, decision support systems which support analysis for decision making, and executive support systems which are tailored for senior executive use.
A Framework for Improving Operational Efficiency in Investment BanksCognizant
We offer a framework for investment banks to structure their IT architecture to ensure greater operational efficiency while reducing the overall complexity of the architecture.
This document summarizes key concepts around e-commerce payment systems from a textbook chapter. It discusses traditional payment methods and their limitations online. It then covers the rise of digital payment methods like digital wallets, digital cash, stored value cards, accumulating balance accounts, and digital check and credit systems. Emerging areas like mobile payments and business-to-business payment networks are also addressed. CheckFree is presented as a case study of a current leader in electronic billing presentment facing challenges from new competitors and technologies.
Are we near the point of cyber-armageddon or are we simply engaged in a new reality of information security priorities? Are the attacks being discovered daily against private sector and public federal systems somehow unique and new, or are they simply the new reality of cyberspace? Organizations are regularly forced to make difficult decisions about how best to protect their information systems. Executives daily open the newspaper to find another example of effective cyber attacks and hacking. How do organizations know when security mechanisms are enough to keep their data safe? In an effort to answer this question and respond to mounting cyber incidents worldwide, the US federal government has been engaging in numerous efforts to secure cyberspace. But what are they and will they be enough? In this presentation James Tarala, a Senior Instructor with the SANS Institute and a Principal Consultant at Enclave Security, will describe current efforts and the tools being offered to help citizens and protect cyberspace.
Chapter 01 INTRODUCTION TO COMPUTER BASED ACCOUNTINGayanthimadhumali
Introduction to Computer Based Accounting.
Difference between manual accounting system and computerised accounting
Advantages and disadvantages of computerised accounting
Accounting Software packages
Types of accounting software files system
The procure to pay process involves 9 steps: 1) determining requirements, 2) sourcing, 3) vendor selection, 4) purchase order processing, 5) order monitoring, 6) goods receipt, 7) invoice verification, 8) payment verification, and 9) payment. The process tracks requirements and ensures accurate matching between purchase orders, goods receipts, and invoices. It allows efficient payment of vendor invoices and updating of accounting records.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Order to Cash. Cash is King. Prime elements, points that block successful ETE flow. KPI's/metics and how to guage where your company really ranks: a Business leader, Average, or Laggard.
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
The document discusses the procure-to-pay (P2P) process and opportunities for improvement. It notes that the P2P process starts with identifying a need and ends with a supplier being paid, but that the upstream and downstream parts are often managed separately. This leads to inefficiencies. The document outlines typical challenges across the P2P process and recommends leading practices to address them, such as standardized online requests and centralized invoice processing. It also presents a three-stage maturity model for P2P processes and describes how the consulting firm ScottMadden can help organizations improve P2P.
Toward a Future-Proof Product Control FunctionCognizant
This document discusses the need for investment banks to rethink their product control departments given increasing regulatory scrutiny, interconnectedness of functions, and data complexities. It proposes establishing a new operating model and framework for product control with a focus on transparent and accurate valuations. Specifically, it recommends developing governance and operating models, a data acquisition and control framework, standardized processes for P&L, independent price validation, and funding allocation, as well as integrated workflow management. This would help address current challenges with people, processes, systems, and data across product control functions.
Learn more about the accounts payable process & its related procedures. Find out the importance & challenges involved in accounts payable processing.
https://nanonets.com/blog/accounts-payable-process/
The Basic function of QuickBooks software Stuart Braud
Storing financial information safely over cloud is the first choice of every accountant. And we found that QuickBooks is the most valuable tool for any business. QuickBooks is a financial accounting software program manufactured by Intuit. There are a lot of features and functions of QB, some of them are known and some are unknown facts from others. Therefore, today in this presentation we are going to discuss some of the most important functions of QuickBooks.
This document provides an introduction to financial modeling. It defines financial modeling as creating a model that answers key questions about the potential size, growth and requirements of a business. It discusses two common methodologies for financial modeling - top-down modeling based on market share assumptions, and bottom-up modeling based on measurable inputs like customer acquisition costs, churn rates and customer lifetime value. The document provides examples of calculations that can be included in a financial model to project metrics like revenue, expenses, profits and customer counts. It recommends setting up standard tabs in an Excel model for inputs, market factors, revenue, staffing, costs, capital expenditures, debt and summary financials.
Order To Cash - Inefficiencies and redundancies throughout the OTC cycle are an expensive affair for businesses and prevent them from turning receivable into cash.
The time might just be ripe for change in thinking when it comes to putting together an Enterprise Order To Cash paradigm in place ….. a more cohesive & comprehensive approach enabling Businesses to horn there competitive edge, unlock efficiencies, increase speed, significant cost reduction thereby have direct impact on the Top line and bottom line across the Enterprise.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
This document provides an overview of card payment systems. It describes the simplified authorization flow when a customer makes a payment by credit or debit card, involving the merchant, acquirer/processor, payment brand, and issuer. It also discusses electronic data capture, the ISO 8583 financial transaction message format, magnetic stripe vs EMV chip cards, verification options, card not present transactions, card management systems, and the simplified settlement flow.
The relationship and communication between the CPO and CFO in any organization is critically important. In this 'must-see' presentation we review the activities of the Procure- to-Pay Process and the value that has been generated by ISS Group for the QAD community utilizing the ISSG iPurchase™ (PO Requisitions utilizing a highly Advanced Approval Workflow Engine), and iVoucher™ (AP Automation) Solutions that transform and digitize those activities, controlling Maverick spend, instilling Policies and Compliance and streamlining the entire AP department.
This document discusses digital banking. It was first incorporated in the United States and is governed by federal regulations. Digital banking allows customers to view accounts, make transfers, pay bills, and access other services through a bank's website or mobile app. Customers can access their accounts 24/7 from anywhere. While digital banking offers convenience, there are also security risks and customers may miss in-person relationships with their banks.
The core requirements for buy now pay later (BNPL) solutions are:
1) Being embedded early in the purchase journey to capture benefits for consumers and merchants.
2) Providing a simple user experience to optimize conversion and reduce abandoned carts.
3) Offering flexible underwriting models to provide real-time credit decisions for a broad range of credit profiles.
4) Being easy for merchants to implement at scale with low effort and standardization.
5) Competing on price as the product becomes commoditized to ensure acceptance.
6) Funding merchant incentives to differentiate from other solutions.
This document discusses accounting in ERP systems, specifically SAP's FICO module. It describes the two main types of accounting: financial accounting, which focuses on external reporting, and managerial accounting, which focuses on cost accounting and understanding costs. Financial accounting uses transactional data to generate balance sheets, income statements, and integrates with other ERP modules like sales, materials management, and production planning. Managerial accounting allows for more flexible configurations to meet management's needs for analyzing costs and profitability. The document outlines how accounting modules like FI (financial accounting) and CO (controlling) work together in an ERP system.
The document discusses different types of information systems including transaction processing systems, management information systems, decision support systems, and executive support systems. It provides details on each type, including their characteristics, objectives, examples, and how they support different levels of management within an organization. The key types discussed are transaction processing systems which handle routine business transactions, management information systems which provide reports to middle management, decision support systems which support analysis for decision making, and executive support systems which are tailored for senior executive use.
A Framework for Improving Operational Efficiency in Investment BanksCognizant
We offer a framework for investment banks to structure their IT architecture to ensure greater operational efficiency while reducing the overall complexity of the architecture.
This document summarizes key concepts around e-commerce payment systems from a textbook chapter. It discusses traditional payment methods and their limitations online. It then covers the rise of digital payment methods like digital wallets, digital cash, stored value cards, accumulating balance accounts, and digital check and credit systems. Emerging areas like mobile payments and business-to-business payment networks are also addressed. CheckFree is presented as a case study of a current leader in electronic billing presentment facing challenges from new competitors and technologies.
Are we near the point of cyber-armageddon or are we simply engaged in a new reality of information security priorities? Are the attacks being discovered daily against private sector and public federal systems somehow unique and new, or are they simply the new reality of cyberspace? Organizations are regularly forced to make difficult decisions about how best to protect their information systems. Executives daily open the newspaper to find another example of effective cyber attacks and hacking. How do organizations know when security mechanisms are enough to keep their data safe? In an effort to answer this question and respond to mounting cyber incidents worldwide, the US federal government has been engaging in numerous efforts to secure cyberspace. But what are they and will they be enough? In this presentation James Tarala, a Senior Instructor with the SANS Institute and a Principal Consultant at Enclave Security, will describe current efforts and the tools being offered to help citizens and protect cyberspace.
The document discusses the threat of cyberwar and the lack of established definitions and international agreements regarding cyber conflict. There are differing definitions of cyberwar between countries like China/Russia and the US. The document also notes the difficulty of attribution in cyber attacks and challenges in applying existing laws of war to the digital domain. Overall, the document argues that internationally agreed rules and standards are needed to address the growing threats in cyberspace and avoid escalating conflicts between nations.
This document discusses peer-to-peer mobile payments. It begins by introducing the topic and noting key drivers for adoption. It then provides an overview of mobile payments in general, including common roles and scenarios. The document dives into peer-to-peer payment models, design issues, value chains, types including domestic transfers and international remittances, and considerations for evaluating models. It aims to give a well-rounded overview of the peer-to-peer mobile payment landscape.
Online Security and Payment System - PayPalgaschan
PayPal is the largest online payment company, established in 1998. It allows for secure online payments between individuals and merchants. PayPal has over 201 million accounts in 190 countries and 24 currencies. It provides a simple, fast way to pay and get paid online or via mobile devices. PayPal aims to increase security and prevent fraud through tools like encryption and monitoring accounts. While competitors continue to emerge, PayPal's large user base and integration with online retailers makes it a leading digital payment provider.
Cyberwar, cyberwarfare are on everyone's lips but mean nothing as they are least understood and still need to be defined! Yet we have everyone who means something - standing on the rooftops and rattling their swords. The question is = is India ready - this is explored in the presentation. Indian institutions, cyber practices and the way ahead.
electronic bill payment and presentmenttejinderubs
EBPP (Electronic Bill Presentment and Payment) allows companies to electronically present bills, invoices, and statements to customers and enables customers to make corresponding payments for goods and services. There are multiple participants in the EBPP process including billers, customers, biller service providers, customer service providers, biller payment providers, and customer payment providers. The EBPP process involves service initiation, presentment of bills to customers, and payment and remittance between participants using payment/remittance networks. EBPP provides benefits to both consumers and billers such as convenience, cost savings, and improved customer service.
The document describes various types of payment systems, including cash, checking transfers, credit cards, stored value systems like debit cards, accumulating balance systems, digital wallets, and emerging digital payment methods. It provides details on how specific payment methods work, such as the processing of online credit card transactions, digital cash systems, and stored value smart cards. Limitations of current online payment systems around security, costs, and social equity are also discussed.
This document discusses the dimensions of e-commerce security including integrity, nonrepudiation, authenticity, confidentiality, privacy, and availability. It outlines security threats like malicious code, hacking, credit card fraud, spoofing, and denial of service attacks. The document then describes technologies used to achieve security, including encryption, digital signatures, firewalls, and secure socket layer protocols. The goal of these technologies is to secure internet communications and channels of communication to protect against security vulnerabilities.
The document discusses various electronic payment systems used in e-commerce. It describes different payment methods like credit cards, debit cards, e-wallets, smart cards, and e-cash. It discusses security issues and best practices. It also covers B2B payment methods, electronic bill presentment, innovative payment systems, and tax-related payment issues.
This document provides information on customer service best practices. It discusses why customers quit (68% due to indifference of employees), what angry customers want (to feel listened to, respected, and assured of action), the responsibilities of complaints handlers (updating records and following up), and qualities of good service technicians (being on time, cleaning up, and following up). The overall message is on the importance of caring for customers and addressing their needs and complaints to retain their business.
The document discusses security threats and solutions for e-commerce. It outlines various threats like human error, espionage, hacking and fraud. It then describes goals of network security like confidentiality, integrity and authentication. Further, it explains encryption techniques like symmetric algorithms (DES, 3DES, AES), asymmetric algorithms and digital signatures to secure e-commerce transactions and communication channels. Key requirements for e-commerce security are also highlighted such as message privacy, integrity, authentication and non-repudiation of transactions.
Credit cards are dominant form of online payment, accounting for around 80% of
online payments in 2005
-New forms of electronic payment include:
3-1
3-2
3-3
3-4
3-5
3-6
Digital
Digital
Online
Digital
Digital
Digital
Wallet
cash
stored value systems
accumulating balance payment systems
credit accounts
checking
Customers user our cloud payment platform to increase EBITDA, reduce PCI compliance burden, and create efficiencies with one global payment gateway that works with existing financial partners, including merchant services and check card processing. CenPOS overview includes Virtual terminal, online payments, e-invoice, gateway vendor selection.
Supports Level III processing, which requires enhanced data for special interchange rates on corporate, purchasing, and business cards.
Webinar: 5 steps to successful invoice automationOpusCapita
Value drivers for any best-in-class AP department are tied to basics like a solid procurement policy, high quality invoice data, master data management and automation. But these are just labels which is why we want to dig deeper and examine what specifically is required for any of these elements to deliver value to your organization.
How to Automate Payables Using Hubdoc, Bill.com and QuickBooksHubdoc
Learn best practices for end-to-end payables automation: Leslie Jorgensen, founder of Supporting Strategies, and Jamie McDonald of Hubdoc discuss best practices for payables automation in the cloud accounting era.
You'll learn to:
- Create end-to-end automation for payables
- Apply workflow best practices using best in-class apps
- Reduce the cost of processing payables & increase profitability
IGNITE 2015 EU - Supplier Management: The Business Case to Empower Your Upstr...Elemica
This document discusses building a business case for empowering a company's upstream supply chain through supplier management automation. It begins by outlining the current state of supplier management, which relies on outdated methods. It then explores how the environment, organizations, and technologies are changing to require improved supplier connectivity and collaboration. Analyst reports are cited that emphasize the importance of supplier networks and relationships. The remainder of the document provides guidance on assembling a business case, including identifying a change leader, calculating potential labor savings and working capital improvements, and comparing metrics of automated vs non-automated companies. It concludes with a word of caution to consider the total costs of any supplier network solution.
How to Take the First Steps to a Lucrative Virtual CFO Business ModelCPA.com
We all know that our clients are looking to us to provide higher-level, more prospective business insight, but how do we get there from here? You will learn how to seize the opportunity before the accounting profession today and the steps to ensure success.
This document summarizes the business-to-business payment processing solutions offered by CenPOS. CenPOS helps businesses improve cash flow, reduce costs, and enhance customer experience through features like tokenization to securely store payment data, custom fraud parameters, interchange optimization to lower payment processing fees, electronic invoicing and billing, multi-channel payment acceptance, and analytics dashboards. CenPOS provides a centralized solution to accept various payment types while integrating with a company's ERP system.
Webinar: Building your business case for e-invoicingOpusCapita
Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors.
But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved
Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.
Studies show that top performing companies are using “touchless” (or straight-through) processing to process invoices in 1-3 days, compared to more than 15 days for the average company. This enables them to maximize discount capture and “best pricing” through spend analysis and contract management.
Every invoice that is processed in a touchless manner saves a tremendous amount of time, resources and money. Many top performing companies have implemented touchless processing and they continue to reap the benefits and improve year after year.
This 45-minute session with industry expert David Hay will discuss:
-How touchless processing can be achieved
-Process change and automation
-Collaborating with procurement to achieve touchless transactions
-Usage of cloud and mobile technologies
Trends, Innovations, & Benchmarks in Expense Management. In this presentation we will speak about expense management, and how it is an ongoing issue in every organization, large or small. The fact is, that employee expenses are the second largest controllable expense.
We have a unique opportunity to both improve how we interact with employees as well as how employees interact with our organization. In doing so, we make it easier for employees to make compliant decisions, incentivize them to cut costs, and thus improve the bottom line
Taming the Travel & Entertainment Expense Beast: Benchmarks & Best PracticesAshley Emery
Travel and entertainment—second only to payroll as the largest business expense—is becoming increasingly more difficult to control as companies expand across borders and grow through acquisitions. Discover how companies are leveraging technology in conjunction with procedural best practices to remove common T&E headaches including: the untimely submission of expense reports, lost receipts, inefficient processes and paperwork relative to reviewing and approving expense reports and ensuring adherence to company travel policies.
Concur introduction and overviews - short version (1)Hudson Grieve
Concur is a leader in expense management, being the first to automate expense reports and launch a SaaS expense solution. Over time, Concur integrated additional travel and expense capabilities like itinerary management and mobile apps. Concur works with businesses of all sizes through solutions like Small Business and Professional editions. The document promotes the Concur Advisor program, which allows partners to earn revenue by recommending Concur's expense management solutions to clients. Advisors receive benefits like training, support, and discounts to pass on to clients.
Expense Management Strategies to Maximize ROI in 2016Ashley Emery
Advancements in automation continue to streamline the expense reporting process, and with it further reducing the time it takes for many companies to realize the return on investment from a new system. Join us for an informative hour-long webinar with data analysis from leading research organizations and more than 400 CFOs, controllers and accounting professionals to identify best practices in expense management today. You will also hear from a company that uses a fully automated reporting solution about how the system quickly delivers not just ROI, but better compliance with T&E policy, increased productivity and efficiency, and greater employee satisfaction.
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CenPOS EBPP Electronic Bill Presentment & Payment Enterprise Level III Solution
1. Increase Cash Flow and Reduce
Billing Related Expenses
Electronic Bill Presentment and
Payment (EBPP) Efficiency
Christine Speedy
954.942.0483
2. Christine Speedy, 4/2016
What Is EBPP?
• Electronic Bill Presentment
and Payment (EBPP) is a
process that enables bills
to be created, delivered,
and paid electronically.
• E- invoice- send invoice
electronically
• EBPP- send invoice and
electronic method to pay
3. Christine Speedy, 4/2016
The Benefit
• Top performing companies save up
to 92% of costs and get paid up to
91% faster
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00%
2011
Top Performers Using EBPP
Other businesses using EBPP
4. Christine Speedy, 4/2016
Reduced Costs
No more paper invoices!
• Reduce Paper expenses
• Reduce Postage
expenses
• Reduce Labor Costs
• Reduce Invoice Aging
• Reduce Factoring
• Reduce Customer Service
Costs
• Reduce PCI Compliance
Burden
5. Christine Speedy, 4/2016
Why Now?
• Purchasing Card
increased use
• Going Green Good for
business
• Generation used to
paying by echeck
6. Christine Speedy, 4/2016
CenPOS EBPP Differentiators
• Treasury Management, including
routing by currency to avoid credit
card cross border fees
• Omni-channel – with level III
processing (reduced interchange
fees) for purchasing cards US EMV
retail/mobile/ecommerce included
• Global payment types including
credit/debit, wire, ACH, Paypal, direct
debit, more
• No login required to pay invoice
delivered via text or email
• Low cost to adopt
7. Christine Speedy, 4/2016
“Your Order is Ready”
email
Screenshot- landing pay
page from text or email
Redefining Express On-demand Payment
Customer receives
email/text and clicks
“Pay Now” for a
secure payment portal
8. Christine Speedy, 4/2016
Commercial Account
Efficiencies: Tokenization
Save about 42 keystrokes vs. fax credit card authorization form; empower customers to automatically update payment methods
10. Christine Speedy, 4/2016
Simple Integrations
CenPOS EBPP integrates easily and securely into existing ERP and
accounting invoicing systems.
11. Christine Speedy, 4/2016
What is the most effective method to
control your overall costs of accepting
credit cards ?
Interchange Management
12. Christine Speedy, 4/2016
Unmanaged Interchange Environment
Processor Fees
Assessments
Managed Interchange Environment
Reduced Processor Fees
Assessments
Managed Interchange
Improved bottom line
$$
Businesses saves .10%-.50% in Fees Using CenPOS.
How much would that increase your profits?
Unmanaged Interchange
Costs
Interchange Cost
1.39%
.11%
.15 %
Interchange Management
13. Christine Speedy, 4/2016
CenPOS Enterprise Payment Solution
CenPOS is an omni-channel enterprise cloud payment platform that
sits in front of your existing financial partners. When you make a
change, It’s completely non-disruptive to operations. We simply
update where route transactions are routed to.
14. Christine Speedy, 4/2016
Operations Benefits
• Reduce DSO: example, reduced from 45
days to 15 days
• Standardization across locales
• Replace multiple payment channels- one
source for reports, receipt retrieval,
reconciliation
• Transparency– view and compare by
employees, departments, and locations
• Efficiencies: Example- Customers self-serve
invoice retrieval & payment; back office staff
reduced 30%
15. Christine Speedy, 4/2016
CenPOS - No Risk Partnership
• Scalable
• Flexible
• Free to try
• SaaS, Month to month
• 24/7 support via phone and email
17. Christine Speedy, 4/2016
Contact
Boost cash flow today -
Call right now to learn more
Christine Speedy
954.942.0483, 9-5 ET
http://www.3dmerchant.com/blog
http://www.youtube.com/3dmerchant
Resources:
3D Merchant Services, owned by Christine Speedy, is a
CenPOS Authorized Reseller and independent company.