Receivable Savvy Founder Tapped to Chair the Federal Reserve Bank of Minneapolis Business Payment Coalition's Vendor Forum

Atlanta, GA, January 10, 2017 (Newswire.com) - ​​​Receivable Savvy founder and managing director Ernie Martin has agreed to chair the Business Payments Coalition’s Vendor Forum for 2017.  A sub-group within the Business Payments Coalition, the Vendor Forum offers a venue for over 90 software and technology providers, corporates and financial institutions to collaborate and address the most pressing issues for achieving greater B2B payment efficiency and automation.

With extensive background in research, content development and customer engagement in the areas of invoice automation and customer payments, Ernie Martin has the experience to provide strong leadership to the Vendor Forum  and continue the work great already begun.  The focus of this year will continue to be fostering dialogue, building awareness and strengthening engagement among vendors and the communities they serve.  Additionally, the Forum will address specific vendor pain points and how to better engage customers and prospects for opportunity growth.

After receiving strong recommendations to consider Ernie for the chair position, given his many years of experience working with suppliers, customers and solution providers - in addition to the extensive research background - we are excited that Ernie accepted the position and look forward to supporting him in this important leadership position. We believe that the vendor community can add tremendous contributions to achieving greater B2B payment efficiencies.

Guy Berg, VP, Payments, Standards, and Outreach Group - Federal Reserve Bank of Minneapolis

“I was honored to be asked to chair the Vendor Forum for 2017 and I look forward to continuing the good work already done as well as brining a new perspective to the group,” said Ernie Martin, Founder and Managing Director of Receivable Savvy.  “I feel we’ve only scratched the surface regarding education, collaboration and growth opportunities.  With the support of the Business Payments Coalition, the Federal Reserve Bank of Minneapolis, and new and future vendor participants, we hope to see significant breakthroughs in education, collaboration and customer engagement.”

Activities for 2017 include several collaborative conference calls around topics important to participating vendors in addition to an expanded on-site meeting to be held in conjunction with the Credit Research Foundation’s Annual Forum & Expo to be held August 7 – 9 in Denver, CO.

“After receiving strong recommendations to consider Ernie for the chair position, given his many years of experience working with suppliers, customers and solution providers – in addition to the extensive research background - we are excited that Ernie accepted the position and look forward to supporting him in this important leadership position.  We believe that the vendor community can add tremendous contributions to achieving greater B2B payment efficiencies,” said Guy Berg, VP, Payments, Standards, and Outreach Group – Federal Reserve Bank of Minneapolis.

About Receivable Savvy

Receivable Savvy helps supplier organizations master the Accounts Receivable and Order-to-Cash process by maximizing revenue through proprietary research, best practice content and insight from subject matter experts.

Founded in 2015, the Receivable Savvy mission is to cultivate knowledge and understanding among suppliers while also delving into their habits, practices and preferences. Comprised of industry veterans, Receivable Savvy strives to be the primary source of financial supply chain information for Accounts Receivable professionals focused on key elements of the Order-to-Cash process.

Receivable Savvy helps its members understand issues around customer master data, order management, credit management, invoicing, accounts receivable, payment, collections management, cash application, compliance and internal controls.

About the Business Payments Coalition 

The Business Payments Coalition is a volunteer group of organizations and individuals working together to promote greater adoption of electronic business-to-business (B2B) payments and electronic remittance data exchanges. The Coalition accomplishes this objective by addressing problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices. The Coalition’s overarching goal is to make B2B payments more efficient across the end-to-end process, that is, to achieve straight-through-processing across both the procure-to-pay and order-to-cash cycles. Visit its website at: https://fedpaymentsimprovement.org/payments-efficiency/business-payments-coalition/

About the Vendor Forum

A sub-group within the Business Payments Coalition, the Vendor Forum offers a venue for over 90 software and technology providers, corporates, and financial institutions to collaborate. A major goal of the Vendor Forum is to encourage standards adoption to improve B2B payments efficiency and achieve straight-through-processing. The Vendor Forum seeks to foster dialogue, build awareness, and strengthen engagement among vendors and the communities they serve to promote automation and electronification of B2B payments and associated remittance information.

Media Contact:

Ernie Martin 
Phone: 404-478-7224
Email: [email protected]

Source: Receivable Savvy