How Advanced Controls Can Boost the Bottom Line
Date: Thu, Oct 24, 2013
Time: 01:00 P.M. ET
Duration: 1 hour
If you're like many finance leaders, you recognize it is a balancing act to have sufficient and effective process controls that do not slow down your operations. Even if your company has automated most process controls, your organization could realize substantial gains by governing and controlling your processes more comprehensively.
For example, if procure-to-pay controls inadvertently allow leakage that represents a tenth of a percent of your spending, the loss may seem small if you only consider the percentage. But for a company that spends $1 billion annually and that has a five percent profit margin, this leakage would require the company to generate an additional $20 million in incremental sales to make up for the loss.
How can your organization realize the benefits of comprehensive control over its processes? During this Webcast, you will learn about:
- The magnitude and scope of issues impacting the bottom line that organizations typically encounter within the procure-to-pay and order-to-cash processes;
- What organizations have learned and what experts advise about how to monitor and reduce cash leakage; and
- How organizations can use advanced controls to identify and prevent problems that have a significant negative and direct impact on the bottom line.
About the Panelists
Brandon A. Sprankle, Oracle Security and Controls Director, PwC
Brandon is a director in the Risk Assurance practice of PwC. He leads the PwC Oracle EBS Controls and GRC practice for the West and Bay Area regions. He is responsible for the delivery of Oracle audit and advisory services around the management of systems and process risks, including evaluating information technology and application-based controls; assessing the effectiveness of existing Oracle information security and security strategies; assessing the quality of systems delivery; and evaluating business change management procedures for the region. Brandon has led multiple Oracle GRC Suite implementations in both Oracle EBS and PeopleSoft environments. Brandon also provides Oracle controls optimization, both financially and operationally, to clients with a focus on leveraging system functionality.
Sid Sinha, Senior Director, GRC Product Strategy, Oracle Corporation
Sid Sinha is a Senior Director in the Applications Development organization at Oracle. In this role, Mr. Sinha is responsible for driving the business requirements, functional priorities, and broader business strategies for Oracle's GRC Advanced Controls product solution. Mr. Sinha co-founded the GRC Advanced Controls product line and leads a team of professional product strategists and managers to direct the roadmap and releases.
Vital Nattuva, IT Manager, Cisco Systems
In his role with Cisco Systems, Vital Nattuva is responsible for managing IT services related to accounts payable, corporate accounting and procurement. Vital has also played a key role in Cisco's financial transformation project, which included collaborating with business partners to standardize processes globally, improve enterprise productivity and provide a consistent platform for policy enforcement. Before joining Cisco, Vital implemented procure-to-pay and financial software solutions for financial teams at NYSE, Xerox Connect and HBC.
Rob Rogers, Vice President and Editorial Director, Financial Operations Networks
Rob joined Financial Operations Networks (FON) at its inception in 2002, where he leads the editorial group and is responsible for planning and developing content for The Accounts Payable Network and The Accounts Receivable Network, online learning, training and certification programs. Through its networks and programs, FON provides members policies, procedures, key performance indicator (KPI) benchmarks and best practices to gain understanding of and reach both strategic and tactical objectives in their financial operations, whether in operational efficiencies, compliance, or contribution to working capital management.
Keith Button, Finance Journalist
Keith Button is a contributing editor and researcher for CFO.com and CFO Research with more than 20 years of journalism experience. He is a freelance writer for several financial publications, and has previously worked as a publications editor for Ernst & Young in New York, a reporter for Hedge Fund Alert in Hoboken, N.J., and a business reporter for the Watertown (N.Y.) Daily Times.
Brandon A. Sprankle