B2B Payments

Receivable Savvy Founder To Chair Fed’s B2B Payment Group

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The founder and managing director of Receivable Savvy, Ernie Martin, will reportedly lead a sub-group under the Federal Reserve Bank of Minneapolis’ Business Payments Coalition, an announcement said Tuesday (Jan. 10).

The coalition’s Vendor Forum is a group that enables technology, software, FinTech, corporate and other industry leaders to collaborate and explore B2B payment efficiency, automation and innovation. Martin will lead the group in 2017, reports revealed.

Martin, whose company, Receivable Savvy, offers accounts receivable management and automation research and resources for business owners, has a background in research and customer engagement in areas including invoice automation and payments.

As head of the Vendor Forum, Martin will lead the group’s focuses for 2017, which include “fostering dialogue, building awareness and strengthening engagement” for suppliers and their customer bases. The group will also be focusing on identifying particular pain points suppliers face today.

“I was honored to be asked to chair the Vendor Forum for 2017, and I look forward to continuing the good work already done, as well as bringing a new perspective to the group,” Martin said in a statement. “I feel we’ve only scratched the surface regarding education, collaboration and growth opportunities.”

“With the support of the Business Payments Coalition, the Federal Reserve Bank of Minneapolis and new and future vendor participants, we hope to see significant breakthroughs in education, collaboration and customer engagement,” he added.

Guy Berg, VP of Payments, Standards and Outreach Group at the Federal Reserve Bank of Minneapolis, said Martin received “strong recommendations” for the position and added in another statement that the bank is “excited” that he has accepted the post.

“We believe that the vendor community can add tremendous contributions to achieving greater B2B payment efficiencies,” Berg stated.

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