What Stands in the Way: Achieving Greater Automation in Accounts Payable

Thursday, September 16th, 2020 | 2 to 3 p.m. EDT

Field of Study: Business Management & Organization
Program Level: Intermediate
Delivery Method: Group Internet-Based
Prerequisite: None
Advanced Preparation: None
Successful completion of this program qualifies you to receive up to 1 CPE credits.

Todd Albers
Senior Payments Consultant
Federal Reserve Bank of Minneapolis

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With all of the technology breakthroughs over the past several years, and especially now with the unprecedented disruption in how businesses operate, why are our financial processes still not as
automated as everyone predicted they would be? One answer is that various barriers between buyers and suppliers continue to limit the adoption of key technological advances. Come learn how an industry group is breaking down the barriers to advance adoption of e-invoices, increase efficiency, and reduce costs through an open delivery network.

Learning Objectives

  • Provide Accounts Payable professionals information on what the industry is working on to promote greater adoption of e-invoices
  • Provide Accounts Payable professionals information on what are the key challenges and barriers to greater adoption of e-invoices, increase efficiency, and the benefits (cost reduction) to address these.

Speaker Biography

Todd M. Albers is a Senior Payments Consultant at the Federal Reserve Bank of Minneapolis in the Payments, Standards, and Outreach Group. His duties include research and coordination amongst interested parties and stakeholders in B2B payment efficiency, standards, and electronic invoicing. He is the convener of the Business Payments Coalition e-Invoice Work Group.

Todd’s background includes 18+ years in the Financial Services and Technology Industry; where he was responsible for strategy and new product development for products including electronic accounts payable (EAP), electronic invoice presentment & payments (EIPP), commercial credit cards, and expense report management solutions.