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BancTec Executives to Deliver Webinar on Working Capital for International Accounts Payable Professionals (IAPP)

Posted on: Wednesday, 15 July 2009, 09:00 CDT

DALLAS, July 15 /PRNewswire/ -- Paul Diegelman and Michael Alfonsi, executives with BancTec, Inc., have been selected to deliver a webinar for IAPP, a global nonprofit association committed to the advancement of individuals in the accounts payable profession. Mr. Diegelman, vice president of finance and accounting optimization for BancTec, and Mr. Alfonsi, vice president of working capital optimization and finance transformation, will deliver the webinar, entitled "Understanding Working Capital and Its Implications for Your Company," on Wednesday, August 12, 2009 from 11:30 AM to 1:00 PM EDT.

"In today's current economic environment, where corporate capital and bank loans are severely constrained and elusive, CFOs are focused on reducing their company's working capital, and the underlying costs to manage it," said Alfonsi. "In this webinar, we'll help participants understand what working capital is, compare their costs/processes to peer groups, and prepare them to discuss, identify and evaluate working capital improvement opportunities, especially with senior management."

BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services, recently formed an independent working capital management and finance transformation advisory service called BancTec Consulting Management Services (CMS). The service assists clients working to deploy treasury, risk management and working capital management best practices. Mr. Alfonsi, a recognized industry expert in repositioning finance for decision support and leadership, leads BancTec CMS. Mr. Diegelman leads BancTec's finance and accounting BPO practice and has helped build BancTec's position as a leader in the Procure-to-Pay (P2P) and Managed Services markets.

The webinar is an IAPP qualifying continuing education activity. To sign up, visit www.iappnet.org, click on "AP Training" and then "E-Learning."

About IAPP

International Accounts Payable Professionals is a nonprofit professional association of more than 6,000 members world-wide, and is committed to the advancement of individuals in the accounts payable profession. IAPP provides certification, education, and other resources to support members in a rapidly changing business world.

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.

Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts are "forward-looking statements" describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

SOURCE BancTec

Source: PR Newswire

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