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July Webinar/Results of the Remittance Coalition 2012 Corporate Survey

  • 07/18/2013
  • 2:00 PM - 3:00 PM
  • Webinar

Registration


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This webinar qualifies for CTP credit!

Arizona AFP members are invited to attend a complementary webinar “Results of the Remittance Coalition 2012 Corporate Survey” on Thursday, July 18, 2013, from 2:00 – 3:00 p.m. MT. 

The webinar will focus on results of a recent national survey of business practitioners about their current payment and remittance data exchange processes. Survey results identify perceived barriers to greater use of electronic payments, pain points corporates experience with remittance processing, and potential solutions to payment and remittance reconciliation challenges in the B2B payments sphere.

The survey was conducted in 2012 by team of Remittance Coalition members, including the Federal Reserve Bank, and the Association for Financial Professionals, and four other industry associations that are working with the Remittance Coalition:  Credit Research Foundation (CRF), Institute of Financial Operations (IFO), National Association of Purchasing Card Professionals (NAPCP), and the Association of Small Business Development Centers (ASBDC).

Mary Hughes, Senior Payments Information Consultant of the Payments Information and Outreach Office of the Federal Reserve Bank of Minneapolis (and AFP member) will present findings and conclusions from the survey. She will also update us on current Remittance Coalition activities addressing these issues and explain how to join the Coalition.

Attendees will learn that U.S. businesses continue to use a disproportionate number of checks to make and receive business-to-business (B2B) transactions. Plus, many rely on manual, paper intensive processes to reconcile remittance data associated with these checks.  Persistent barriers impede widespread adoption of electronic payments and electronic remittance data. But the good news is that most of the surveyed businesses recognize the benefits of adopting electronic methods and express strong interest in increasing usage of electronic alternatives. Attendees can compare their own operations and opinions to the survey results, and get a sense of where their own organizations stand relative to the business practitioners who participated in the survey. They can also evaluate the proposed solutions and consider whether to implement these solutions in their own operations in order to improve the speed and efficiency with which they process B2B payments and remittance information.

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