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Managing Cash Application Process During COVID-19

The world changed in March when the COVID-19 pandemic forever changed our world, and now it has impacted our operations.  The corporate payment landscape, while already complex, now must be managed with outsourcing contracts affected, remote employees and significant reductions in work forces.

On May 13th, you can learn from IOFM expert Mark Brousseau and DadeSystems Tom Berdan on operational considerations you can make with the use of AR automation technologies.

Key Takeaways:

  • Why the current receivables processes used by most businesses are not set up for work-from-home
  • The impact of COVID-19 on the cash application process
  • What higher remote deposit capture limits mean for businesses
  • How automation helps you manage cash flow during the pandemic
  • Why automating cash application should be a priority, even now

Mark Brousseau
President, Brousseau & Associates

Over the past 26 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation. A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Tom Berdan
Chief Marketing Officer, DadeSystems

Tom Berdan is Chief Marketing Officer, leading marketing and strategic partnerships for DadeSystems. A financial services and technology industry veteran with more than 30 years’ experience, Berdan’s experience included leading Market Development and Product Management for large FinTech firms. Berdan began his career as a banker, including roles as the Chief Operating Officer, President of the bank’s mortgage company, and served on the bank’s Board of Directors.

DadeSystems in partnership with the Institute of Financial Management sponsored a white paper on the challenges of receiving and reconciling electronic payments:

Modernizing Electronic paments with Artificial Intelligence and Integrated Receivables.

The White Paper explores:

  • The industry shift to electronic payments
  • How electronic payments can be automated
  • The benefits of integrated receivables for more efficiency, lower costs, and better customer service
What’s Included in the White Paper?
  • Be careful what you ask for
  • The broken process of electronic payments
  • The broken process of electronic payments
  • Solution benefits
  • Key research
  • Conclusions