Format: Audio MP3 Download

Presenter: Judy Bicking

Financial technology and automation isn?t just about boosting the efficiency of your financial operations professionals. It?s also often the only way to manage compliance with today?s complex statutes. Case-in-point: The Office of Foreign Assets Control administers and enforces economic sanctions against terrorists and narcotics traffickers. The sanction list, if printed, would run 1,000 pages, three columns to a page. And it?s updated daily. It?s not a list you can monitor manually. Failure to comply can be costly. So far in 2017, U.S. companies have agreed to pay the US Treasury department more than $100 million. Similarly complex rules around sales and use tax, payroll and escheat heighten the risk associated with trying to manage your organization?s finances with spreadsheets and wishful thinking. Join Judy Bicking, a former Johnson & Johnson finance executive turned Accountex advisor, to learn why you should consider regulatory compliance risk as part of your business case for your next technology investment.