Timely, accurate, and consistent data is always of critical importance and operational and strategic decisions are based upon it and precise planning depends upon it. Statutory, regulatory, and compliance requirements add yet another layer of complexity. Global organizations are required to support reporting with multiple accounting standards, and new legislation requires new systems and processes. The information age has created a class of investors and shareholders who expect fast and easy access to the data created by current business activities.
This session will present both strategic and tactical suggestions that can help dramatically improve your fiscal closing process. The instructor will provide best practice solutions to prevent getting overloaded by an overabundance of internal controls and suggested metrics. Regardless of company size or complexity, all successful financial close processes require continuous communication, comprehensive documentation and a flexible, responsive organization.
Defining the Fiscal Closing Process Flow.
Identifying KPIs for the Closing Process.
Determining the Bottlenecks within Your Fiscal Close Process.
10 Best Practices to Improve Your Fiscal Closing Process.
Developing a Fiscal Close Scorecard.
Defining a Benchmarking Approach.
Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard, which allowed her to develop and implement internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) to implement internal rules, 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).
Stephen Williams is the Vice President of Marketing for MineralTree, a leading AP and Payment Automation solution provider. He and his team are on a mission to build awareness about how companies can benefit from an automated end-to-end AP process.
AP has largely been a manual, ad hoc process that lived outside of any centralized system. Today, companies of all sizes now have affordable options to reduce fraud risk, improve payment controls and streamline the entire AP workflow.
During his career Stephen led marketing teams for numerous software and payment companies that improve business efficiency, saving organizations a considerable amount of time and money.