A celebration of innovation

Huntington Bank Innovation Award winners were announced on Monday, May 20, during a luncheon at Fusion 2013 featuring a special guest speaker from Disney Institute.

Presented by The Institute of Financial Operations, this prestigious award recognizes the creative use of advanced technologies, tools, and processes in accounts payable and accounts receivable. Members of The Institute represent some of the most forward-thinking and dynamic individuals and companies in financial operations.


2013 Award Recipients
This year, there was a unique situation with two companies tying for the accounts payable award...

Anixter International
Working in partnership with Perceptive Software, Anixter saw a 100 percent ROI on its new intelligent capture solution during the first year. Today, all paper, email and faxed invoices are converted into one unified, image-based stream of information.
Click here
to view Anixter's innovation in action.

Weyerhaeuser Company
Since integrating AP automation solutions from Readsoft, Weyerhaeuser has automated 50 percent of its invoice processing and reduced its cost per invoice by 47 percent. 
Click here
to view Weyerhaeuser's innovation in action.

On the accounts receivable side...

Dot Foods
With the help of ICG consulting, a customized 24/7 supplier portal was developed and implemented, increasing productivity by 107% over the past three years.
Click here
to view Dot Food's innovation in action.

The Institute also honored seven finalists for their acheivements in AP and AR innovation. Finalists included American Electric Power, ChildNet, Data2, Intrawest, Nooter Eriksen, Scott & White Healthcare, and Sonepar.

Award Nominations
We look forward to honoring these professional accomplishments each year and encourage all members of The Institute to begin thinking about nominations for the 2014 awards. Each submission should demonstrate a creative business process redesign, an innovative technology or application of technology, an exceptional business performance, or a combination of these areas. Watch for nominations to open later this year.


Innovation Keynote Speaker

Disney Institute provides transformational experiences for business professionals and organizations around the world. Each Disney Institute professional facilitator is a true Disney "insider." Not only have these presenters experienced the inner workings of the Disney culture, they also have worked their way up through the leadership ranks of the Disney organization. As distinguished Disney veterans, they draw on personal experience from a variety of roles performed in nearly every division of The Walt Disney Company. Disney Institute facilitators have worked with an array of clients across the private, public, and social sectors and continuously strive to inspire worldclass business excellence using Disney principles as a bridge from insight to action.