SOURCE: PayStream Advisors

PayStream Advisors

August 15, 2013 09:05 ET

Learn How to Drive Purchase to Pay Process Improvement During Keynote Presentation at PayStream INNOVATE 2013

PayStream INNOVATE '13: The Purchase to Pay Summit Announces Kelly Coxon, UPMC's Director of Procure to Pay, as Keynote Speaker

CHARLOTTE, NC--(Marketwired - Aug 15, 2013) -  PayStream Advisors, Inc., a leading independent research and advisory firm, today announced that Kelly Coxon, UPMC's Director of Procure to Pay, will take center stage at PayStream INNOVATE '13: The Purchase to Pay Summit, as this year's keynote speaker on September 18, in Charlotte, NC.

The INNOVATE '13 keynote session is titled Using Simple Metrics and Benchmarking to Drive P2P Process Improvement. Coxon will share how benchmarking and metrics impact UPMC's overall Purchase to Pay strategy. "It's important for organizations across all industries to identify areas of strength, performance gaps, and opportunities for improvement," stated Coxon.

"PayStream's Healthcare Benchmarking Group has been a valuable resource to help UPMC guide transformation of accounts payables and purchasing. In the process, we have learned a lot about our costs, our peers and uncovered opportunities for improvement," added Coxon, who also serves as the Chair of PayStream's Healthcare Benchmarking Group.

"Many companies ask 'How can we improve our processes?' This is a difficult question to answer without first understanding the drivers of process improvement," stated Henry Ijams, Managing Director of PayStream Advisors. "The effectiveness and efficiency of a company's operations are also difficult to assess without knowing how your company compares to the top performers."

During Coxon's inspiring keynote session, attendees will learn how UPMC defines success for processes and how to identify opportunities for improvement. Coxon will share her insight on several thought-provoking topics, such as:

  • How to set goals and objectives for your department;
  • Where to best allocate resources and budget;
  • How do you truly measure success? Does one "number" fit all or should you compare your performance to a similar peer group;
  • Why it's important to understand and measure key metrics to identify areas of strength, performance gaps, and opportunities for improvement.

PayStream INNOVATE '13: The Purchase to Pay Summit is attended by leading companies and is comprised of three content tracks, including Accounts Payable, Procurement and Purchase to Pay. The conference will feature case studies, networking events and top technology providers that can help attendees automate their finance departments and cut costs.

Register today to attend the PayStream INNOVATE '13 conference.

About PayStream Advisors
PayStream Advisors provides in-depth research, reviews and comparisons of top accounts payable and purchase to pay automation software. Offering research and insight to help companies improve AP efficiency, PayStream Advisors also hosts the annual Purchase to Pay Summit, INNOVATE '13, where accounts payable, finance and procurement leaders gather to share ways to advance purchase to pay processes through collaboration and automation. For more information please visit: www.paystreamadvisors.com.

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