How Virtual Cards are Revolutionizing the AP Process

While it is no surprise that Accounts Receivables gets the lion share of credit when it comes to cashflow, to many it is a surprise that their Payables are where they can make the most significant and immediate impact.

Virtual Cards (VC) are quickly becoming the electronic payment method of choice, and for very good reason.  As the world moves toward digitization, VCs check all the boxes – streamlining processes, providing superior control over cash flows, and vastly improved security against fraud. And perhaps more importantly, by adopting VC payments, businesses can monetize their Payables, and create a significant new revenue stream.

Join us as we discuss how modern Finance Organizations have leveraged VCs to generate cash, offset costs, increase control and visibility into cashflow management, and deliver game changing results for the Finance Organization, and the company as a whole:

• How VCs streamline the digital AP process
• Integrating Virtual Cards into your AP mix – it’s easier than you think
• Creating an AP revenue stream through rebates, discounts, and interest
• How security drives Virtual Card use

Mark Brousseau
President, Brousseau & Associates 

Over the past 26 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Mike Railey
Senior Director of Payment Operations, MineralTree

Mike Railey is responsible for the success and growth of MineralTree’s payment solutions. As head of MineralTree’s Payment Operations organization, he oversees the supplier enablement and payment support functions, as well as develops and manages strategic partnerships in the payments ecosystem.

With nearly two decades of experience in technology-focused organizations, Railey brings his passion for innovation and for rapidly scaling operations to the dynamic B2B payments space at an exciting time of transition from old paper-based processes to modern and automated digital workflows. Supporting this transition, under Railey’s leadership, MineralTree transformed its emerging virtual card option into an industry-leading core component of the MineralTree platform, and launched a highly competitive multi-currency payment capability with faster execution and greater visibility than traditional methods.

Before joining MineralTree, Railey held operations and corporate development roles at EnerNOC, a publicly-traded enterprise software firm, and was a submarine officer in the United States Navy. He holds bachelor of science degrees in mathematics and computer science from the University of Massachusetts, Amherst.