Tag Archives: PayStream Advisors Innovate Awards

Meet the 2014 Innovate Award Winners

At every Summit, PayStream Advisors has the pleasure of recognizing the year’s stand-out innovators in the field of AP and P2P automation. We BxHE9jVCEAAzabY.jpg largehighlight these leaders by giving out PayStream Innovate Awards, and the awards ceremony is one of the most important parts of the conference proceedings. For those who missed this presentation, here is a review of the dynamic P2P players that caught our attention and earned a 2014 Innovate Award.

Each year, we are amazed at the improvement in financial automation and at the success stories we witness throughout the financial software market—this year has been no exception. PayStream and the PayStream Advisory Board determines the winners of the Innovate Awards by taking a close look at both dynamic P2P solution providers and at organizations that have used P2P solutions dynamically. Among the solution providers, we separate the winners into three categories: AP Technology of the Year, Procurement Technology Year, and P2P Technology of the Year. These categories not only reflect the core themes of the Summit, but they are also representative of the cornerstones upon which PayStream’s research rests.

This year’s winner in the AP Technology Award was NVoicePay. Their ePayment Solution, AP Gateway, was the special component in their recent business movements and offerings that earned them the nomination and win. This product is remarkable for its flexible and simple design, its smooth workflow and vendor management capabilities, and its overall success in eliminating paper checks and creating savings for business. NVoicePay was a strong presence at the INNOVATE 2014, and PayStream believes they thoroughly earned this recognition.

Coupa was the winner of the Procurement Technology Award based on their remarkable purchasing solution, the Spend Optimization Platform. The Platform is robust, collaborative, and highly customizable—the perfect combination of attributes for an innovative eProcurement software. Also a strong presence at INNOVATE, Coupa has been drawing a lot of recent attention to their impressive company success and to the undeniable value of their software.

A summary of the previous two awards, the P2P Technology Award reflects the optimization possible in modern financial technology. SciQuest stood out to PayStream in this category, in large part because of their holistic approach to business process automation. The SciQuest Spend Management Suite reflects a profound focus on integration, synchronization, and accessibility that makes this product a shining example of P2P innovation.

Linda Dyck, Canadian Blood Services

Linda Dyck, Canadian Blood Services

PayStream also gives Excellence in AP Awards to a handful of organizations that have utilized a financial solution in a dynamic and collaborative way. The American Red Cross and Senior Director of Finance Business Support, Michael Harris, were first recognized for their impressive work in centralizing their shared services center, and in automating their AP and procurement process. In that same field of humanitarian work, the Canadian Blood Services and Linda Dyck earned an award for their work bringing better control and transparency to their invoice process and revitalizing their entire AP.

Along the lines of manufacturing, PayStream recognized Archer Daniels Midland and Suzanne LeoPoldi-Nichols, who employed an automations system to improve their AP transaction efficiency and optimize and expand their extensive global supplier base. The final company to receive the Excellence in AP award was GAF and Patricia Hutton. Their company used an integrated PO and invoice automation solution to free up their procurement department for more strategic activities, to enforce compliance, and to maximize spend.

PayStream enjoys this opportunity to give a physical memento to some of the solution providers we work with throughout the year and to some of the organizations that inspire us. Once again, congratulations to all the winners of the 2014 Innovate Awards. We look forward to seeing the great things you will do next in P2P success.

PayStream INNOVATE 2014: Meet the Innovators, Be the Innovator

This fall, PayStream Advisors will be heading out to the beautiful Riverwalk in San Antonio, Texas to 089fb9chost our annual Summit P2P conference! It’s going to be a great time for financial professionals to increase their knowledge of business automation best practices and to broaden their networks. For those who haven’t already registered, we will highlight the exciting things the conference will include—and what valuable tools attendees will walk away with!

sanThis year’s Summit, INNOVATE 2014, will be held September 8-10 and will reflect the amazing innovations PayStream’s research has found within the P2P market in the past year. To fit this theme, PayStream has gathered a group of the brightest P2P innovators to pass on best practices that will help professionals boost their careers and their organizations’ value. These leaders are from top companies like The Home Depot and Jet Blue Airways, and they will share their own remarkable stories of innovation, determination, and success in P2P automation.

This tightly focused event will offer case study and breakout sessions, provocative panel discussions, and inspiring keynote speakers. The various conference segments will feature AP, Finance, Procurement, and Supply Chain methods for leveraging automation tools and collaborative strategies to improve processes across purchases and payables. The unnamedconference will also feature the only P2P certification program offered today—a small review class that will provide attendees with a foundational base of knowledge to achieve a fully integrated P2P business process at their organization. This certification is designed to help professionals excel and master P2P leadership, strategy, and process analysis, and it is a valuable asset for every P2P professional.

Not only is this conference vital for learning P2P best practices, it will also be a great way for professionals to become acquainted with the market’s leading providers of P2P solutions. Many of the sessions will be led by officials from top software companies, including Tradeshift and Direct commerce, and PayStream’s Innovate Awards will highlight the year’s stand-out innovators in the field. Guests will not only learn from these leaders how they can leverage top solutions in their own companies, they will also be able to meet them, making the Summit the networking opportunity of the year.

Guests can further connect with these industry innovators through the unique Innovate Dine Around evenings. Summit attendees can choose from several, small-scale dinners hosted by Summit sponsors, creating personal interaction in one of the many elegant dining options in downtown San Antonio. These dinners will give guests the chance to try some of San Antonio’s spectacular dishes—like its world-famous chili—and they will also build and solidify valuable business connections.

Riverwalk01The 2014 PayStream Summit shouldn’t be missed. Located in the Hyatt Regency Hotel at the heart of the Riverwalk’s lovely winding pathways, this conference will connect guests to the Alamo, history and art museums, San Antonio theaters, restaurants, and bars—and to all the tools they need to become a stand-out P2P Innovator. Register for the Summit today and take advantage of early bird special here!

Register for INNOVATE ’14 by August 1st and get a second pass to bring your bosINNOVATE-BYOBs to the PayStream Purchase to Pay Summit at no additional cost. OR bring a co-worker. We highly recommend bringing at least two people so you can cover more workshops and get the most out of your conference experience. All you have to do is enter the coupon code BYOB to take advantage of this promotion.