SOURCE: IOMA

April 22, 2008 11:00 ET

Studies Show That the Time It Takes Most AP Departments to Process an Invoice Could Be Reduced as Much as 65% -- With a Bottom-Line Benefit of Receiving Discounts for Early Payment and Avoiding Late Fees; in Addition, Several Benchmarks Show That It's Possible to Lower the Average Cost to Process an Electronic Invoice to Under $1!

NEW YORK, NY--(Marketwire - April 22, 2008) - IOMA, publisher of the widely respected newsletter, Managing Accounts Payable, and the foremost publisher of print and electronic news, analysis, and reference products covering accounts payable issues presents the 5th Annual AP Issues Forum: Paper-Free AP on June 4-6, 2008, in sunny Fort Lauderdale, FL.

The paperless office is becoming a reality. Accounts Payable departments large and small alike are adopting the goal of paperless processing. In fact, every accounts payable operation is on the "paperless continuum" somewhere, and by the end of 2008 -- according to an IOMA survey -- over 70% of AP Departments will have implemented at least one "paperless" process.

Paperless AP cuts costs, increases productivity, speeds up approvals (allowing organizations to take advantage of early payment discounts) and improves controls, resulting in AP managers who do more with less -- transforming AP from a back-office, paper-pushing operation into a department that can bring real strategic value to the company.

But there are many paper-free AP solutions available today, so AP departments face a big challenge figuring out which ones to pick. At IOMA's 5th Annual AP Issues Forum, AP thought leaders and practitioners will offer these compelling case studies:

Developing a Paper-Free Game Plan
Presented By: Steve Iannarone, APM, AP Manager, Finance, Tellabs
Operations, Inc.

Leveraging Web EDI to Reach Your Entire Vendor Base
Presented By: Marty Stewart, Vendor Relations - Manager EDI, Circuit City
Stores, Inc.
Rochelle Cohen, Senior Product Marketing Manager, GXS

Using an E-Invoicing Network to KO the Paper
Presented By: Karen Hankins, AP Manager, Shaw Industries

P-Cards and E-Settlement Boosts AP Productivity at Bovis Lend Lease
Presented By: Terri Brown, Procurement Manager, Bovis Lend Lease

Invoice Imaging and Workflow -- Plus Automated Data Entry
Presented By: Rich Roth, Project Leader - Enterprise Content Strategies,
Security Finance Corporation of Spartanburg

Facing the Challenges of AP Technology Implementation
Presented By: Diane Gee, APM, AP Manager, DRS Sustainment Systems, Inc.

Paper-Free AP also presents best practices and insight into the AP automation options now available. There are also plenty of invaluable networking opportunities.

For more information about the 5th Annual AP Issues Forum: Paper-Free AP, call Randy Cochran at 973-718-4702 or visit the conference website at www.accountspayable.com/paperfreeap08.

About IOMA:

For over 25 years, IOMA's newsletters, reference publications, online information services and conferences have provided authoritative guidance to corporate managers across a wide range of disciplines. In accounts payable, IOMA has become the de-facto leader in promoting and explaining the AP discipline, educating AP professionals, and in linking key AP vendors and services to the markets they serve. Thousands of business professionals rely on IOMA publications every month for industry news, tips and strategies that will get them ahead of the competition.

Contact Information

  • Contact:
    Randy Cochran
    VP and Publisher
    IOMA
    Email Contact
    973-718-4702