We operate in a paperless environment. Internal controls are more critical in a paperless environment. During COVID-19 companies have deployed employees in remote locations. This “work from anywhere” WFA environment makes internal controls more difficult as events & activities are not performed in central locations. We must rely on technology to combine them into a central platform. Accounts payable is moving to a transactions-based processing environment to replace the outdated documents processing environment.
It all starts with accounts payable since it is at the core of all other company processes, systems & functions. Hence accounts payable must drive all internal control elements of awareness and concern. 80% of all transactions are processed through accounts payable. COVID-19 has caused a significant increase in fraud waste & misuse. Robust internal control policies and procedures must the created to cope with the transactions-based accounts payable COVID-19 has created situations that will remain in a revamped environment.
We must take the lessons learned during COVID-19 to re-imagine processes & internal controls in a post-COVID-19 environment. The transactions-based environment requires companies to be proactive rather than reactive and interact with transactions in real time to achieve the goals of internal controls.
Learning Objectives:-
Webinar Segments Internal Control Best Practices:
Why Should You Attend?
This Webinar looks at best practices in accounts payable including:
Who Should Attend?
Any Organization, Institution or Group User can register
Registration Form support@webinaraxis.comDownload the
Order FormAccess Information for Live Session will be emailed to you 12 hours prior the live date.
Access Information for On-Demand, and Transcript will be emailed to you 24 hours post of the live session.
Also, You can access the training information from your dashboard at WebianarAxis.
Carl Young is an Author, Speaker, Trainer, Consultant & Coach. He holds an 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. He has over 25 years of training experience in finance, accounting, and business management. Former CEO of his own small parts manufacturing company. Former Senior Financial Associate of a major consulting firm.
He is a member of the American Society of Corporate Controllers. Member of the Council of Experts of the investment firm Gerson & Lehrman. Member of the Society of Industry Leaders sponsored by Standard & Poors. Member of the National Association of Accountants.
An engaging & entertaining speaker and trainer who draws from his experiences as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include lots of audience interaction. He has branded himself Mr. Simplicity. His goal is to make finance & accounting relevant to non-financial professionals with tools & techniques that are simple to understand and apply.
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