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Digitizing Your Financial Closing Process

DIGITIZING YOUR FINANCIAL CLOSING PROCESS

Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 8, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Over the last decade, the financial reporting landscape has experienced significant change. Finance and accounting executives face mounting pressure to increase the accuracy of financial reporting while decreasing the turnaround time needed to close the books. Regulatory agencies have introduced a host of new standards and accounting rules changing materiality thresholds, requiring detailed schedules, and new disclosures for public filings. To complicate matters, many organizations are being asked to do more with less as headcount numbers are reduced in response to economic pressures.
 
The complexity of the financial close is driven by the size and nature of the company (private, public, or non-profit) along with the type of industry. This complexity adds layers of chaos impact the end-to-end process and adversely impact the time it takes to deliver the final financial statements.  Learn how to speed up your closing process by digitizing the key process components. We’ll discuss how digitizing your process can reduce risk, improve efficiency, and allow more time to analyze financial statements. We’ll also present a roadmap that identifies the key steps and concepts to consider for digitizing your process. We’ll provide a business case template that will help reduce process complexity and move your financial close to the next level.
 
Learning Objectives:


  • Learn about the “how, what, when, and where” when considering digitizing your financial close.

  • Learn about financial close process digitization along with the key steps and concepts and obtain a roadmap to help you get started.

  • Obtain a business case that can help move your financial close to the next level.

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of internal controls, policies, and corporate governance processes. She fine tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.

As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations.

She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management.  She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chis is also a Certified Internal Controls Auditor (CICA), and  a Certified Professional Controller (CPC).

About Our Presenter

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Doxey Inc. provides consulting and educational services for financial operations.