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Supplier Payments Insights that Unlock Your P2P Strategy
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American Express, Daniel Brachfeld, VP Marketing and Product Development and Christine Knorr, VP Commercial Data Strategy
Supplier Payments Insights that Unlock Your P2P Strategy
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Description
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American Express will discuss the following:
- Analytics will have the most impact on procurement in the next two years, but companies lack the resources they need to see the power in their data.
- What we hear from our customers: global organizations want to drive cost reduction while they simplify and monetize their supplier payments.
- We've analyzed $1.9 trillion of AP data across 5 million buyer/supplier relationships—we'll share what we learned and the type of data points that will help you with your most pressing asks.
Takeaways:
-outline your primary objectives and strategies—if you don't know what you're looking for, you won't know what to find
-gather the data and know your sources
-understand workflows and hand-offs between procurement, AP and finance—it's as important to know the processes as the people
-have a team dedicated to analytics or work with a partner that can help you if you're resource-constrained
-quantify the return of any initiative
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| Target Audience |
Accounts payable and procurement professionals, etc. who are looking to drive revenue and lead transformation.
This 60-minute presentation is open to end-users only.
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| About the Speakers |
Daniel Brachfeld, VP Marketing & Product Development, American Express and
Christine Knorr, VP Commercial Data Strategy and Insights, American Express
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| About the Organization |
American Express Early Pay, a supply chain finance and dynamic discounting solution, as the newest addition to its suite of business financing options. Eligible large U.S. companies who buy goods and services from U.S.-based suppliers can leverage the solution as a way to increase cash flow, generate working capital, and make their supplier payment process more efficient. In turn, suppliers can access the easy-to-use digital platform to have their eligible invoices paid earlier than their original payment due date at a competitively-priced early payment discount.
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| Duration |
This presentation is approximately 45 minutes in length.
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Continuing Education Points 
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Viewing of this presentation will earn 0.25 points toward CPCP initial eligibility or recertification.
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| What Do You Receive? |
A link to the recorded virtual demonstration through the GoToWebinar tool.
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