Description

Going into 2021, the transformation of A/P payment automation accelerates. But cash flow pressure on buyers and suppliers requires balance, flexibility and creative solutions for terms, payment methods and adoption. Payments professionals and suppliers are looking for the path of least resistance with the greatest win/win potential.

This session will help finance teams assess their options based on objective criteria and offer valuable “lessons learned” by end-users who have made the transition to Electronic Accounts Payable (EAP) faster and with the least possible disruption. The panelists will share a use case that illustrates how to craft a payment strategy and adopt tools that expedite touchless, remote payments and improve cash flow—without disrupting supplier relationships.

Attendees will leave with the knowledge to:

1. Differentiate the pros, cons and options within every method of supplier payment—including check, ACH and Virtual Card solutions—and their potential for monetization.

2. Evaluate the steps for making touchless payments possible for their organization with minimal disruption.

3. Discover the secret to addressing supplier needs and constraints when implementing Virtual Card and wider scope of automated payment solutions.

This is a sponsored event and attendee contact information will be shared with the presenting organization.

This 60-minute presentation is open to end-user A/P and payments administrators.

Scott Songer
Chief Executive Officer
Kontrol

Scott’s expertise in commercial payment technologies and strategies guides Kontrol’s vision and thought leadership in the ePayables and virtual card sector.

Scott is the founder of SilverStream Advisors, an M&A advisory and consulting firm focused on the commercial payments industry. Prior to SilverStream, Scott was a Senior Consultant at First Annapolis Consulting, an M&A advisory and strategy consulting firm focused exclusively on the payments industry. Scott previously worked as a client and product manager for Intuit, a leading payments innovator and the makers of Quicken and TurboTax.

Scott spends time coaching youth soccer and supporting a variety of local volunteer projects. He is an active member of St. Andrew’s by the Sea of Hilton Head, South Carolina, where he is involved as a youth leader.

Scott received his M.B.A. from the University of Virginia's Colgate Darden Graduate School of Business Administration, where he was awarded a Batten Institute scholarship for achievement in the technology industry and earned a position in Batten Institute’s business incubator. Scott received his B.A. from the Ohio Wesleyan University, where he was a Presidential Scholar and concentrated in international business.

Justin Sohnlein
Vice President, Account Management and Client Services
Priority Commercial Payments

Justin has developed a proven track record in the payments industry by studying user behaviors and creating an unparalleled user experience. His expertise is in product management, risk analysis and process improvement. Justin is a top performer that utilizes his unique fintech experience and leadership skills to solve problems creatively, eliminate tedious payment processes and develop innovative solutions that drive results.

Background:

• VP, Global B2B Product Manager, Citibank N.A.

• VP, Supplier Enablement Product Manager, Citizens Bank

• VP, Account Management, Citizens Bank

Mark Riess
Vice President, Strategic Partnerships
Priority Commercial Payments

Mark’s focus on building partnerships enables organizations to leverage the transformation of integrated payment solutions. He provides solutions that allow financial professionals to focus on their core competencies. By demonstrating the improved cash flow and measurable value that automated payments deliver, he helps organizations access payment technologies that eliminate friction across all payment methods and create new sources of revenue.

Background:

• Head of Sales, Heartland Financial USA, Inc.

• VP of Sales, Heartland Financial USA, Inc.

• Regional Sales Manager, Comdata Inc.

• Manager of Business Development, American Express

Priority Commercial Payments seamlessly connects buyers and suppliers. Our CPX platform fully integrates AP and supplier activation. Directly, and with financial institutions, card networks and other partners, we drive rebates and incentives for buyers and cash acceleration for suppliers. Services also include commercial acquiring, ACH, managed services and card issuance.

Original Presentation Date