Control Expenses & Cash by uniting Accounts Payable & Receivable with Technology. Prevent Fraud Waste and Abuse Accelerated by Covid 19

COVID-19 has impacted all companies. It has destroyed conventional business norms. Companies have been forced to operate in remote environments and examine all of their processes, procedures, organization & controls as they have struggled to survive during COVID-19. All must now create new business norms for post-COVID-19. The lessons learned during COVID-19 provide an excellent foundation for the creation of new norms. Attendees will learn and understand how to use technology to connect WFA activities & events to control expenses & cash. Attendees will also understand how to use technology to inhibit fraud waste & misuse.

Why you should Attend

This webinar covers how to control expenses & cash with technology in three steps. COVID-19 revealed gaps in expenses & cash flow management processes and procedures

Accounts Payable & Receivable are the key systems in efficient expense & cash management

Accounts Payable & Receivable must be united on technology platforms to transform activities from documents (cycles/processes) to date (transactions)

Waste fraud & misuse must be pursued proactively in the processes of Accounts Payable & Receivable with interactive transactions review using advance technology.

The Webinar provides three essential steps to make all this happen.

Step#1: Create a technology platform for interactive integration of transactions to control expenses & cash and prevent fraud waste & misuse

Step #2: Transition to transactions-based processes & procedures with real time interactive visibility & controls

Step #3: Implement robust transactions based internal controls with forensic accounting attributes to prevent/detect waste, fraud & misuse with special emphasis on employee reimbursements & travel & entertainment expenses

Each step in broken into three pieces:
Rationale: The reason for the Step
Objectives: Expected accomplishments
Actions: Specific action steps

Areas Covered in the Session

How to control expenses & cash with technology with:
Fully integrated paperless transactions-based Accounts Payable system
Fully integrated paperless transactions-based Accounts Receivable System
Fully integrated transactions-based general ledger interface
Specific tools & techniques to prevent employee waste fraud & misuse in travel & entertainment and other employee reimbursements accelerated by COVID-19

Who Will Benefit

All financial professionals interested in the control of expenses & cash and preventing/detecting waste fraud and misuse in a COVID-19 "work from anywhere" WFA environment

Speaker Profile

Carl Young is an Author, Speaker, Trainer, Consultant, and Coach. He holds a MBA and completed graduate studies in Accounting and Taxation. He is a former CFO of a 275M, high growth technology based company. He has over 25 years of senior level business management experience. In addition, he has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company as well as former Senior Financial Associate of major consulting firm.

Carl is a member of the following organizations: American Society of Corporate Controllers, Council of Experts (investment firm Gersen & Lehrman), Society of Industry Leaders (sponsored by Standard & Poors), and the National Association of Accountants.

An engaging and entertaining speaker and trainer who draws from his experience as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include plenty of audience interaction. He has branded himself as Mr. Simplicity! His goal is to make finance and accounting relevant to non-financial professionals using tools and techniques that are simple to understand and apply.