News Feed Item
Cambridge Mercantile Group and MAUSER USA, LLC Named Fusion 2014 Innovation Award Finalists for Achievement With Automated Payables Solution
|By Marketwired .
|April 29, 2014 10:00 AM EDT
TORONTO, ONTARIO -- (Marketwired) -- 04/29/14 -- Cambridge Mercantile Group, a global payment and risk management solution provider, today announced it has been internationally recognized for setting new benchmarks in accounts payable innovation for application of its customized and cost-saving Automated Payable Solutions (APS) to MAUSER USA, LLC, a subsidiary of MAUSER Group, a worldwide leading producer of industrial packaging.
Cambridge and MAUSER USA together are among the top five finalists for The Institute of Financial Operations Innovation Award to be presented at the Fusion 2014 conference on May 8, 2014. The conference is also where both companies will be leading an educational session for businesses on successfully achieving AP automation.
"We're honored to be recognized for our efforts in creating a service that meets the worldwide growing industry demand for check elimination and the streamlining of company-wide payments," says Anil Sawrup, Senior Vice President of Payment & Risk Solutions at Cambridge Mercantile Group. "This accomplishment not only reflects the values of all Cambridge stakeholders in continually striving for innovation, but also shows our commitment to ensuring the ROI for our clients in a turnkey solution that results in bottom line savings and potential rebate revenues."
Before contracting Cambridge, MAUSER handled its accounts payable manually, resulting in inefficiencies, a consequence of paying vendors by check. Faced with rising postage and banking fees, the company knew it needed to transition to an electronic enabled payments system but lacked the resources to manage such an endeavor. Cambridge Mercantile Group's proven, six-step process, administered entirely by a team of in-house experts, made it possible for MAUSER to implement non-check vendor payments within 90 days.
"Cambridge was the key to our success with this project; in just three months they were able to convert 81,801 cheques to electronic payments," says Elizabeth Miller, Treasurer & VP of Finance, MAUSER USA. "With less demand on our AP resources and improved efficiency overall, we are better positioned for accelerated growth now and in the future."
Mike McKay, Vice-President of Payment Solutions, Cambridge Mercantile, will provide an in-depth look at how businesses can achieve AP automation at Fusion 2014, the premiere conference and training event for professionals in the financial industry. With the help of Ms. Miller and Jenna Szymoniak, Treasury Manager, MAUSER USA, who will offer a case study example, Mr. McKay will also outline effective strategies for managing a painless transition to electronic payments.
Educational Breakout Session #7
Title: Your AP Playbook: Developing an Agile and Successful Road Map Towards Achieving AP Automation
Speaker: Mike McKay, Cambridge Mercantile Group
Date: May 8, 2014
Time: 9:00 a.m. to 10:00 a.m.
Location: Gaylord Texan Resort & Convention Center, 1501 Gaylord Trail, Dallas, Texas
More information on this presentation can be found by clicking here.
About Cambridge Mercantile Group
Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion annually. For more information, visit www.cambridgefx.com.
About MAUSER Group
MAUSER Group is a worldwide leading producer of industrial packaging with approx. 4,000 employees and consolidated revenue of over $ 1.6 billion. Founded in 1896 and headquartered in Bruehl near Cologne (Germany), the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers (IBC), and reconditioning services through the National Container Group (NCG), a MAUSER subsidiary. MAUSER therewith provides sustainability-oriented full cycle services - from production to recycling ("ECO-CYCLE®"). With more than 80 MAUSER/NCG sites and multiple Joint Ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com
Add to Digg Bookmark with del.icio.us Add to Newsvine
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it.
In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 28, 2016 01:00 PM EDT
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself.
Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive.
In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
Sep. 28, 2016 01:00 PM EDT Reads: 1,102
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 28, 2016 01:00 PM EDT Reads: 3,537
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Sep. 28, 2016 12:30 PM EDT Reads: 5,095
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things.
And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 12:30 PM EDT Reads: 4,106
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 28, 2016 12:30 PM EDT Reads: 1,030
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors.
In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Sep. 28, 2016 12:20 PM EDT Reads: 125
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 28, 2016 12:00 PM EDT Reads: 1,649
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 28, 2016 12:00 PM EDT Reads: 1,721
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Sep. 28, 2016 12:00 PM EDT Reads: 4,404
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 28, 2016 12:00 PM EDT Reads: 2,897
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not.
In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 28, 2016 12:00 PM EDT Reads: 2,274
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 28, 2016 11:49 AM EDT Reads: 227
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here
In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Sep. 28, 2016 11:45 AM EDT Reads: 2,394
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 28, 2016 11:45 AM EDT Reads: 3,082