Cambridge Mercantile Group

Cambridge Mercantile Group

October 11, 2012 10:00 ET

Advancements in Electronic Payments Impact the Way AP Departments Run their Day-to-Day Operations

Cambridge To Speak At World's Largest AP Event

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2012) - Cambridge Mercantile Group, a leader in customizable and efficient global payments, announced today that they will be speaking at IOFM's 11th Annual Accounts Payable 2012 Conference & Expo in Las Vegas.

The AP industry is continuing to evolve as more and more departments are turning their attention towards automation. Not only are large corporations investing in accounts payable automation, but now smaller organizations are also starting to see the benefits of check elimination replacing a manual accounts payable process. 2012 has been dubbed "The Year of the Electronic Payment,"(1) as ePayments, check elimination and electronic invoicing are becoming critical components to every AP department.

At the AP Expo, Cambridge will be speaking about the advancements in the AP industry and how companies can maximize their ROI by converting at least 75% of check payments to electronic payments in just 90 days. Cambridge has 20 years of experience in the payments industry and works directly with companies to enhance their payment solutions services and global presence.

"We are beginning to see a major shift in the way AP departments are going about their day to day operations, as more companies are looking to streamline their operations," said Mike McKay, Vice President of Payment Solutions at Cambridge Mercantile Group. "Every company is looking to maximize their ROI while trying to implement the best practices to enable electronic payments. We believe all companies, big and small, have the ability to implement accounts payable automation into their everyday operations through an optimized check elimination process and will see instant results."

In addition to speaking at the Las Vegas AP Expo, Cambridge will also have their own booth where they'll be able to answer questions directly and discuss new electronic payment trends. The Conference is the largest and most comprehensive event dedicated to accounts payable.

About Cambridge Mercantile Group

Since its inception in 1992, Cambridge Mercantile has been earning the trust and respect of leading companies around the world by providing efficient and customizable global payment services that are second to none. Recently, Cambridge's traditional business model has been complimented with an extensive suite of hedging and risk management products, powered by payments technologies widely regarded as industry leading. With offices strategically located across the globe, Cambridge facilitates the secure and prompt movement of over $20 billion dollars annually for thousands of clients of all sizes and niches. For more information, visit www.cambridgefx.com.

(1) CPO Rising, Six Major Trends for AP in 2012

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