Topic: “Best Practices” for Electronic Payments and Services – Open Forum - Bring Your Questions for our Panel of Experienced Corporate Practitioners

Date: November 14, 2007

Time: 4:15 p.m................Networking Opportunity, horsdoerves, cash bar

4:45 p.m………....Announcements

5:00 p.m................Program/Presentation

6:00 p.m..………..Adjourn

Location: Grand Finale Restaurant, Glendale – please see http://www.grandfinale.info/ for directions

Open Forum: Best Practices for Electronic Payments

The payments landscape is ever-changing. Business-to-Business Payments are more electronic. How can you play a strategic role in advancing your company’s transition to an electronic payments future? Bring your list of questions and join our panel speakers in an open forum panel discussion regarding the topic of electronic payments and services.

Sample questions about electronic payments:

Ø How have electronic payments affected your reconciliation process?

Ø What is the most successful electronic payments change you have made in the past 3 years?

Ø What kind of acceptance rate have you had from payees?

Ø What kind of objections did payees have, if any, to receiving an electronic payment instead of a check?

Ø How did you maintain approval control when moving to electronic payments?

Ø How did you go about asking companies if they would accept an electronic payment instead of a check? Did you send out a questionnaire? Did procurement ask each vendor one by one?

Ø Have you been able to document a change in processing cost by moving to ACH or a procurement card? What kind of savings -- either in terms of fees, admin cost, time -- have you experienced?

Ø Have you noticed that vendors receiving an electronic payment have fewer questions about the status of their payments?

Ø What was the most difficult part of implementing a payments change in your company?

Ø What would you have changed in the implementation process that would have made your strategy more effective?

Upcoming Activities

· December 12^th- Holiday Dinner Meeting - How To Do Great Networking: Manor House, Mason

· January 16^th – Economic Outlook from Different Perspectives: Vincenzo’s, Sharonville. This is a luncheon meeting. Bankers should invite their customers to this meeting.

Of Note

Membership Info

· If you know friends or peers that are interested in becoming a SWOAFP member, please contact Susan Albonetti at 513-474-7999, or Mary Fetch at 513-345-1141.

Other

· Want to know what’s going on in the local job market? Check out the SWOAFP website (www.swoafp.org) for recent job postings. If you are looking to fill a position and would like to post it on the site, please feel free to email any of the Board members.

· SWOAFP Member Benefit – discounted CTP exam educational materials for SWOAFP members. Please call Jill Warman for details at 513-632-4579.

· New SWOAFP Logo and Membership Brochure – A computer graphic artist is currently designing a logo for SWOAFP and designing a new membership brochure for SWOAFP.

· We are looking for someone to be our Public Relations Board Member for SWOAFP. If you are interested or would like to nominate someone, please call Jill Warman at 513-632-4579. This new position will encompass working on our marketing materials, communication about SWOAFP to newspapers and journals, etc.

· The SWOAFP Board is currently reviewing our bylaws. Some parts of the bylaws are outdated. Therefore, we will have a vote from membership regarding changes at our next meeting.