MASTERS MASTERS

Aggregate, Automate and Accelerating Receivables

Nancy Atkison, Senior Analyst, Aite Group
Steve Buchberger, SVP Market Solutions, WAUSAU Financial Systems
Michael Tallitsch, VP Product Management, WAUSAU Financial Systems
Presentation Style – Moderated Roundtable Discussion
Business Management and Organization – 1.0 Credit
Advanced – New Session

Aite Group research reveals the majority of 80 U.S.-based companies surveyed with $1 billion or more in annual revenues process their receivables in-house. Yet, nearly 60 percent are not fully satisfied with their receivables processing, leaving many seeking alternatives to the handling of this process.

This interactive panel discussion will focus on the survey’s key findings.  with a facilitated dialog on how organizations can aggregate disparate payment channels, automate processing and accelerate receivables to increase available cash.

How Financial Operations Can Play a Cirtical Role in Your Company's Success

Michael S. Poteshman, Executive VP and CFO, Tupperware
Presentation Style – Moderated Roundtable Discussion
Business Management and Organization – 1.0 Credit
Advanced – New Session

Tupperware, once known for the iconic at-home plastic-ware sales, has grown into a dynamic global organization with sales exceeding $2.0 billion with a N.Y. stock exchange share of $45. Poteshman will discuss how as CFO he geared the financial operations of the organization to support the strategic direction of Chairman and CEO Rick Goings.

Poteshman has been executive vice president and chief financial officer since August 2004. Previously he served as senior vice president and chief financial officer; as vice president and chief financial officer of Tupperware Europe, Africa, and the Middle East; and as vice president, finance and investor relations.

Maximizing Cash in AP and AR

John Gayda and Graydon Ellis, Kellogg Co.
Robert Austermehle and Linda Ellis, Campbell Soup Company
Presentation Style – Moderated Roundtable Discussion
Management Advisory – 1.0 Credit
Advanced – New Session

Optimizing cash is a critical objective for organizations of all sizes. But to accomplish this goal, organizations need to have key business processes in place to ensure the effectiveness and efficiency of their accounts payable and accounts receivable operations. Financial operations professionals will hear how two of the world’s most prominent brands — Kellogg’s and Campbell’s Soup — have implemented a series of business process improvements in their AP and AR operations, providing these organizations with improvements in operations efficiency and effectiveness, and better positioning themselves for cash optimization.

 

New Found Profits in Cash Deductions

Gary Cawthorne, CEO, WAUSAU Financial Systems
Jessica Butler, Attain Consulting Group
Presentation Style – Moderated Roundtable Discussion
Management Advisory – 1.0 Credit
Advanced – New Session

Customer deductions plague thousands of companies in dozens of industries. Reaching levels as high as 10% of sales, deductions amount to billions of dollars annually.

Opportunities exist for companies to add hundreds of thousands if not millions of dollars to their bottom line.  Join us as we share best-practice information that will enable you to increase your processing efficiencies through the use of technology. Learn how to stop deductions before they start and see how one organization reduced their exceptions and deductions from $8 million to just $1 million per year.

 

Attend this session to find out how to:

  • Shorten DSO by posting 100% cash in the same day
  • Reduce preventable deductions by as much as 75%
  • Bring down rising AR costs by slashing the expense of managing deductions (often $200-300 per deduction)
  • Increase straight through remittance processing up to 90% or more
  • And much, much more!

Recovery Audit: End Point or Means to an End?

David Davies – President, Commercial Division
Connolly Inc. – Business Services
Presentation Style – Moderated Roundtable Discussion
Auditing – 1.0 Credit
Advanced – New Session

In the past, recovery audit has often been the final step in the procure-to-pay process, generating cash recoveries that drop to the bottom line.

Some leading global companies have begun to explore more broadly the entire “source-to-settle” continuum for opportunities to manage the cash cycle better. Can applying the lessons derived from disbursement and procurement recovery audits to the entire source-to-settle process enable organizations to source goods and services more efficiently and effectively? This session examines the emerging trend of focusing on the entire end-to-end management of the cash cycle, using an array of recovery audit and consulting services to cut across traditional functional boundaries in the name of improved operational efficiencies.

Top 10 Tax and Regulatory and Compliance Issues

Aureon Herron Hinds – Senior Tax Manager 
Deloitte – Business Services
Presentation Style – Moderated Roundtable Discussion
Taxes – 1.0 Credit
Advanced – New Session

Key discussion points will include:

• 1099
• Sales and use
• Escheatment
• Contract compliance
• Fraud
• Sarbanes-Oxley
• Partnering with internal audit

The CFO Pulse: What CFOs are Thinking - and Doing

Bob Comeau – Principal
Scott Rottmann - Principal
Jeffrey S. Bronaugh – Sr. Manager
Deloitte Consulting LLP – Business Services
Presentation Style – Moderated Roundtable Discussion
Management Advisory Services – 1.0 Credit
Advanced – New Session

                                        

2011 is expected to be another volatile year on the road to economic recovery.  What concerns have top finance executives identified and what are they doing to address them?  Discuss the challenges your peers are facing and learn what others are doing to improve Financial Operations at their organizations.