Click here to close now.


News Feed Item

Cambridge Mercantile Group and MAUSER USA, LLC Named Fusion 2014 Innovation Award Finalists for Achievement With Automated Payables Solution

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.

Fusion 2014

Dallas, Texas

Presentation Details:

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

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.

Add to Digg Bookmark with Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...