SOURCE: Elemica


May 05, 2010 07:40 ET

Elemica's Gary Neights Speaking at IAPP Annual Forum on e-Procurement

Topic: Automating Procurement With P-Cards

EXTON, PA--(Marketwire - May 5, 2010) -  Elemica, the industry-leading B2B supply chain network, announces that Gary Neights, Director B2B Integration Solutions, is speaking at the IAPP Annual Forum and Expo, FUSION 2010, in Grapevine, TX. Gary's topic, "Equal Treatment for Purchase Orders and P-Cards When Automating Procurement and Accounts Payable," overviews processes to establish with vendors to attain compliance and ensure security of data in accordance with the Payment Card Industry Data Security Standards (PCI DSS) and Fair and Accurate Credit Transactions Act (FACTA) requirements.

FUSION 2010 is a joint conference of the International Account Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), and The Association for Work Process Improvement (TAWPI) that targets finance professionals in accounts payable (AP), accounts receivable (AR), and procurement.

"Payment cards are a necessity for driving cash flow within an organization, and in addition they provide compelling visibility with a full audit trail, strong access control measures, and enhanced analytics," said Mike McGuigan, CEO of Elemica. "The support of P-Cards within the Elemica Order Management solution helps global clients gain efficiencies, reduce ordering and processing time, paperwork and costs."

Gary Neights will deliver his procure-to-pay discussion on Wednesday, May 12, 2010 from 11:00 AM to 12:00 PM and will summarize the key elements of PCI and FACTA compliance, describe how attaining compliance is beneficial, highlight the benefits of a P-card program, and how to easily onboard suppliers incorporating the appropriate rules, controls, and processes.

Elemica offers procurement solutions that replace complex, costly manual approaches with automated order management to simplify and error-proof the procure-to-pay cycle. When requisitioning, users select settlement type (P-Card or Purchase Order) from within their ERP system, eliminating the need to log into a 3rd party system.

About Elemica
Elemica delivers state-of-the-art sourcing and supply chain integration services in the areas of customer & supplier management, strategic sourcing, and logistics -- promoting new levels of efficiency and profitability for a leaner supply and more fully optimized chain. Elemica's Connect - Transact - Optimize model unites global trade partners and provides an integrated framework in which partners conduct business. Elemica's clients achieve significant benefit from reduced cost of operations, faster process execution with fewer resources through the automation of key business processes, removal of transactional barriers, and seamless information flow between business partners.

Across the entire breadth of supply chain and sourcing business processes, Elemica solutions improve productivity, reduce costs, decrease errors, and increase customer and business partner satisfaction. Elemica was founded in 2000 and today connects more than 2500 companies across multiple industries, processing over $60 billion in annual transactions. Clients include BASF, Continental, Dow, DuPont, Goodyear, LANXESS, Rhodia and Shell.

Contact Information

  • For more information contact:
    Becky Boyd
    MediaFirst PR -- Atlanta
    (770) 642-2080 x 214
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