Next-Generation Finance & Procurement

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ABOUT

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DETAILS

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RSVP

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SPONSOR

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ABOUT THE PROGRAM
Next-Generation Finance & Procurement: The Impact of Emerging Technologies is an exclusive two-hour event for the purpose of networking with like-minded individuals and education through an expert panel over a fine lunch. The format will feature an industry panel of senior leaders for an interactive discussion seated around a hollow square to maximize peer to peer learning and networking.
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Taking place in a private room at Fleming’s Prime Steakhouse, an award-winning restaurant in the LA area, our invitation-only group of 25 senior finance and procurement leaders from the greater LA area will convene over three goals:
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• Idea sharing – learn from other finance & procurement experts’ experience
• Expand your network
• Enjoy a fine lunch

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For an idea what to expect, you can watch this 40-second video that demonstrates what your attendee experience would be like.

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ABOUT THIS EVENT
Our ways of doing business are being disrupted everywhere we turn by digital revolution, and the finance & procurement functions are hugely impacted. But what does that mean for YOU in your role as a finance or procurement professional? It means that now is the time to prepare for when these megatrends become the new normal.
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We will cover the following topics:
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Data is the foundation of the future – While emerging technologies like AI, RPA, and blockchain will continue to disrupt finance & procurement as we know it, none of that matters if you don’t have centralized data for these emerging technologies to learn from. It is imperative to collect and aggregate as much data as possible to build a full financial profile of your organization, and create a steady foundation for these next-generation technologies to build upon.
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Artificial Intelligence & robotics: re-creating the dynamics of the AP dept – AI-driven technologies are often subtly trying to help or influence us, for example, suggesting what we might want to read, watch, hear or purchase – silently aggregating transactions and making assumptions based on trends. Finance & procurement are just the latest in a series of business functions being affected by the rapid increase in the use of AI and RPA. For example, the future of the AP department will be focused on larger, more value-added, tasks such as analyzing data to forecast revenues and cash flow, budget plan, and predict profits.
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Blockchain: will improve data accuracy and may eliminate the need for third-party audits – Not only is blockchain technology expected to dramatically improve data accuracy, it could rid your life of third-party audits forever. Accounting records entered and tracked on the blockchain are not alterable, so the integrity of the financial records is guaranteed and there is no need for audits to ensure compliance, resulting in reduced costs and cycle times. The visibility enabled by blockchain can be used with analytics to better manage cash flow and business risk throughout the finance, procurement & AP functions.

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FEATURED PHOTOS FROM THIS EVENT
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MODERATOR
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Jason Vincelette
Director, Product and Business Management North America
Basware

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PANELIST
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Jorge Luciani
Director, Sourcing and Category Management
Gilead Sciences

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Sarang Tatimatla
National Vice President, Operational Finance
Prospect Medical Holdings

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If you have received an invitation and would like to RSVP, or if you would like additional information and to be considered for participation, please email Melanie Chalupa at melanie.chalupa@bdionline.com. While there is no cost to participate, we require registrants to show up and actively contribute to the conversation.
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DATE
Thursday, September 12th, 2019
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TIME
12:00 pm – 2:00 pm
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LOCATION
Fleming’s Prime Steakhouse
800 W. Olympic Blvd., Los Angeles, CA 90015

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ATTENDEE PROFILE
25 senior finance and procurement leaders from the greater LA area
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EVENT AGENDA:

12:00 PM – 12:30 PM	Registration and Networking
12:30 PM – 1:15 PM	Industry Panel & Lunch
1:15 PM – 1:30 PM	Q&A Session
1:30 PM – 2:00 PM	Open Room Discussion

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SPONSOR

Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.

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ORGANIZER

Business Development Institute (BDI) is an award-winning event marketing agency specializing in producing invitation-only, thought leadership driven, custom events on the most impactful topics. BDI’s programs create an interactive peer learning experience while providing a rare networking opportunity for like-minded leaders over a fine lunch.

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