Welcome!

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 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

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
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
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....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 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 widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications 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. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that 910Telecom 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. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...