SOURCE: IOMA

May 02, 2006 10:21 ET

Invoice Processing Cycle Times Can Be Reduced up to 65% to Take Advantage of Discounts and Avoid Late Fees; Several Benchmarks Show the Average Cost to Process an Electronic Invoice Is Less Than

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NEW YORK, NY -- (MARKET WIRE) -- May 2, 2006 -- IOMA, the foremost publisher of print and electronic news, analysis, and reference products providing intensive coverage of accounts payable issues, presents the 3rd Annual AP Issues Forum: Harnessing the Power of e in AP Today on June 11-13 in Chicago, IL.

The paperless office is becoming a reality! AP departments everywhere are moving closer towards the goal of electronic payments and process. And this effort transforms AP from a back-office, paper-pushing operation into a department that can bring real strategic value to the company.

To keep up with these changes, IOMA's cutting-edge conference, the 3rd Annual AP Issues Forum: Harnessing the Power of e in AP Today is a must-attend event.

The Power of e conference features three keynote speakers from Fortune 500 companies are willing to share their knowledge with companies of all sizes:

--  George Irving, VP of Global Shared Services, US Cellular Company.
    George's session, Cyber Trends: What the Technological Future Holds for AP,
    will focus on the outlook for the technological future in AP departments
    and provide insight into the challenges that AP professionals will face in
    the coming years.
--  Bob Shultz, Vice President and General Manager, Business Process
    Outsourcing, E-Invoicing, Hewlett Packard Corporation.  Bob's session,
    Building Excellence through Finance & Administration (F&A) Transformation,
    will show how Bob used his vision to implement technology and services, to
    position accounts payable as a world class strategic partner in HP
--  David Peraino, Vice President and Chief Procurement Officer, American
    Express.  David's session, Using Technology to Make a Real Difference in
    Your AP Department, will show how eliminating incoming paper invoices
    across all categories of spend, automating coding and approvals and
    speeding the approval process, AP can optimize payment terms, eliminate
    costs of data entry, and eliminate the issuance of thousands of checks.
    
Case studies, best practices and insight into lessons learned are presented from speakers from these world class AP departments:
--  Tom Nichols, President, Process Management Improvement
--  Heinz Werner Glueck, Director of Global Process Management, Hewlett
    Packard Corporation
--  Tracy Bryant, Accounts Payable Supervisor, Mohawk Industries
--  Mohammad Afzal, Director of Supply Chain Services, US Cellular Company
--  Joyce Couts, Senior Supervisor - Accounts Payable, Campbell Soup
    Company
--  Barbara Ament-Myers, Manager Central Processing, Greif
--  Tim Ansberry, Industry Manager, Back Office Operations, Sarbanes
    Oxley, KPMG
--  Al Jameson, AP Automation Consultant, James Group Consulting
--  Lou Azriel, Director, Disbursement Operations, Abbott Laboratories
--  Barbara Bullock, Supervisor, Accounts Payable, UT-Battelle LLC
    
For more information about the 3rd Annual AP Issues Forum: Harnessing the Power of e in AP Today, call Jim Sestito at 646-424-3815 or visit the conference website at www.ioma.com/conferences/582.html

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