The order-to-cash cycle can be a complicated process to analyze, let alone understand. The potential for controls gaps and weaknesses can lead to heightened risk and revenue leakage for an organization. Many of the important controls (checks/balances) involve multiple applications, people, and date sequences. It can be inherently difficult to provide assurance through the cycle of managing customer information, order entry, pricing, discounting, invoicing, receipts, and collections to identify process efficiency opportunities and prevent revenue leakage.
Now more than ever, audit, finance, and compliance professionals involved in order-to-cash need certainty and confidence in their data to determine the reliability and effectiveness of the controls environment. Is this one of your business assurance goals for 2013?
Learn how data analytics can help you identify sources of revenue leakage, suspicious activities, and inefficient collections in this key business area. ACL’s director of technology application, Peter Millar and senior technical consultant, Chris Stewart-Smith will discuss how to reduce the burden of regulatory compliance by automating internal controls testing through independent analysis of these business transactions.
Date: Thursday, January 31, 2013
The webcast is free to attend and will air between:
7:00 p.m. – 8:00 p.m. GMT
Peter Millar, Director of Technology Application – ACL Services Ltd.
Chris Stewart-Smith, Senior Technical Consultant – ACL Services Ltd.