VIRTUAL EVENT: June 24, 12:00 PM - 3:00 PM ET
Risk Management and the Digital Economy
Masterclass Registration
About the Series
The rapid acceleration of digitization over the last year (largely driven by the need for remote solutions) has helped many B2B businesses make great strides in automating back-office processes and enhancing their customers’ experiences. But, as businesses adopted technologies faster than their internal processes could keep pace with, this also introduced them to new risks. As we move towards an increasingly digital economy, organizations—and finance teams especially—will need to understand what implications this has for managing risk. This masterclass event will focus on what finance and accounting professionals need to know to mitigate many types of risk including payment fraud, credit risk, and cyber risks.
Upon completion of the event you will receive an official CPE Transcript and/or Certificate of Completion from AICPA.
Session 1: 12 PM ET
Managing Risk in an Uncertain World
When faced with uncertainty as we have over the last year, managing risk within your business can feel like a daunting task. And as digitization accelerates faster than processes can keep up, this often opens the possibility for even more risk. But, thankfully, with the right philosophy and approach to risk management, your business can be better prepared to deal with the unexpected. In this webinar, you’ll learn how businesses of all sizes can approach setting risk management processes, and why risk management is a key conversation to be had when setting organizational strategies.
Learning Outcomes:
- Recognize the trends shaping risk and risk management
- Understand the nature and scope of your organization’s risks, both obvious and hidden
- Assess your organization’s risk readiness
- Identify tools and techniques to identify and eliminate risks throughout the organization (particularly the accounting lifecycle)
Joselin started True North CFO in 2020 to provide fractal CFO services to private entities without benefit of an internal strategic financial partner. In everything she does, Joselin brings her over 30 years’ experience in accounting, which started as the assistant to the bookkeeper for the family’s construction company. She went on to work with a Big 4 accounting firm and then held several roles leading SME finance teams, retiring after 20 years as CFO of an internationally owned specialty construction company. In her role as CFO, she developed the finance function, maintained strategic professional partnerships, and managed corporate risk management, human resources, and information technology. She implemented systems, moving transactions safely to the cloud and leveraging automation as technology evolved. Her construction experience also helped her monitor data and to plan for risks associated with economic volatility, the long construction cash-flow cycle and an increasing regulatory environment.
At True North, Joselin helps companies at the level their need, from monthly statement review to strategic planning. For smaller companies, this often includes expanding the finance function to include prospective information, data analysis, risk management, and partnering with other departments to add value in decisions around human resources, pricing, asset acquisition, contracts, and IT goals, among others. She believes that size should not prevent anyone from implementing best practices , especially since small size allows faster and more agile adoption of effective systems. She shows out finance can often lead the evaluation and implementation of these new programs. Most importantly, Joselin helps leaders identify the risks and opportunities that may determine the company’s sustainability.
Joselin is currently a member of the PAODAG of the International Federation of Accounting (IFAC), working to support and develop Professional Accounting Organizations (PAO) in countries without an accounting professional body. She is a member of a working group developing resources to help PAOs build sustainable organizations, once again applying her business experience to build resilient entities.
Joselin also believes in life-long learning. She has been an adjunct professor and currently facilitates AICPA courses for CPAs on topics such as business risk, financial forecasting, cash management, business law and CFO/controller skills updates. Her goal for every student or participant is that they take away not only knowledge, but actionable steps to help their company or their own development.
Joselin holds degrees from Brown University, The University of South Florida and Johns Hopkins University. She has been an active member of the AICPA and the Maryland Association of CPAs. She is also is a member of the Construction Financial Management Association and Maryland Association of Subcontractors. In 2019, she was recognized as one of the MACPA/AICPA Experienced Women to Watch.
When not working with other businesses or teaching, Joselin enjoys running (especially helping others train for their first run), tending her Covid garden, and traveling with her husband.
Format
WebcastNASBA FIELD OF STUDY
Management ServicesLevel
IntermediateCPE Credits
1CTP Credits
1Author
Joselin Rogers MartinAccess
This is a live eventPREREQUISITES
NoneADVANCED PREPARATION
1 hourMasterclass Registration
Session 2: 1 PM ET
The Future of B2B Payment Technology in a Digital Economy
Technology behind consumer payments has rapidly advanced in the last few years, with payment gateways, mobile payments, and peer-to-peer payments now ubiquitous fixtures of our day-to-day lives. But with B2B payments, their sheer complexity has made them much slower to change. Now with digital transformation having accelerated by an estimated seven years since the onset of COVID-19, B2B businesses have an opportunity to finally make their payment processes as seamless as those in B2C. In this webinar, you’ll learn how B2B payment technology is evolving for an increasingly digital economy, and how buyers and suppliers alike can benefit.
Learning Outcomes:
- Discover the evolution of B2B ecommerce
- Understand the difference between payment facilitators and traditional payment processors
- Recognize how a PayFac model can deliver better payment experiences and greater back-office efficiencies
- Learn what implications the migration of B2B brands to ecommerce has for risk exposure and how to mitigate them
Chris Wassenaar is the Chief Risk Officer and General Counsel at Versapay. Chris heads the company’s global Risk, Compliance, and Legal operations and is based out of Atlanta. Prior to joining Versapay, he was the Chief Risk Officer and General Counsel at 2Checkout and has also served as General Counsel for a number of companies in the software space. Chris specializes in underwriting, transaction monitoring, regulatory compliance, and contract management.
Format
WebcastNASBA FIELD OF STUDY
FinanceLevel
IntermediateCPE Credits
1CTP Credits
1Author
Chris WassenaarAccess
This is a live eventPREREQUISITES
NoneADVANCED PREPARATION
1 hourMasterclass Registration
Session 3: 2 PM ET
The COVID Impact: How Changing B2B Payment Behavior Has Affected Credit Risk
In the fallout from the COVID-19 pandemic, B2B buyers and sellers alike have had to pivot significantly to adapt, migrating to digital channels like ecommerce to survive in a remote world. But as businesses have been grappling with COVID-19, many have also had to deal with increased fraud activity. Research from the Credit Research Foundation shows that 30% of professionals in the credit management community have experienced more instances of fraud since the pandemic began, payment fraud and synthetic identity issues chief among them. In this session, you’ll come to understand the intersection of payment digitization and credit risk and learn about strategies and technologies supporting fraud detection and risk management.
Learning Outcomes:
- Discover the kinds of fraud credit professionals are currently seeing and their monetary impact
- Understand what it takes to reap the benefits of accepting B2B payments online while mitigating inherent security risks
- Identify key fraud prevention and risk management strategies
- Learn which technologies can support with fraud detection and managing credit risk
Joselin started True North CFO in 2020 to provide fractal CFO services to private entities without benefit of an internal strategic financial partner. In everything she does, Joselin brings her over 30 years’ experience in accounting, which started as the assistant to the bookkeeper for the family’s construction company. She went on to work with a Big 4 accounting firm and then held several roles leading SME finance teams, retiring after 20 years as CFO of an internationally owned specialty construction company. In her role as CFO, she developed the finance function, maintained strategic professional partnerships, and managed corporate risk management, human resources, and information technology. She implemented systems, moving transactions safely to the cloud and leveraging automation as technology evolved. Her construction experience also helped her monitor data and to plan for risks associated with economic volatility, the long construction cash-flow cycle and an increasing regulatory environment.
At True North, Joselin helps companies at the level their need, from monthly statement review to strategic planning. For smaller companies, this often includes expanding the finance function to include prospective information, data analysis, risk management, and partnering with other departments to add value in decisions around human resources, pricing, asset acquisition, contracts, and IT goals, among others. She believes that size should not prevent anyone from implementing best practices , especially since small size allows faster and more agile adoption of effective systems. She shows out finance can often lead the evaluation and implementation of these new programs. Most importantly, Joselin helps leaders identify the risks and opportunities that may determine the company’s sustainability.
Joselin is currently a member of the PAODAG of the International Federation of Accounting (IFAC), working to support and develop Professional Accounting Organizations (PAO) in countries without an accounting professional body. She is a member of a working group developing resources to help PAOs build sustainable organizations, once again applying her business experience to build resilient entities.
Joselin also believes in life-long learning. She has been an adjunct professor and currently facilitates AICPA courses for CPAs on topics such as business risk, financial forecasting, cash management, business law and CFO/controller skills updates. Her goal for every student or participant is that they take away not only knowledge, but actionable steps to help their company or their own development.
Joselin holds degrees from Brown University, The University of South Florida and Johns Hopkins University. She has been an active member of the AICPA and the Maryland Association of CPAs. She is also is a member of the Construction Financial Management Association and Maryland Association of Subcontractors. In 2019, she was recognized as one of the MACPA/AICPA Experienced Women to Watch.
When not working with other businesses or teaching, Joselin enjoys running (especially helping others train for their first run), tending her Covid garden, and traveling with her husband.
Matthew W. Skudera is the Chief Content Officer of the Foundation. Most recently he spent the past eight (8) years in positions of increasing responsibility with Coach Inc., New York, NY as Divisional Vice President, Financial Shared Services. He was charged with developing and driving the strategic vision and operating practices across a myriad of internal domestic and global functional finance teams.
Prior to Coach Inc., he was chartered with extensive responsibilities across a diverse group of consumer products, pharmaceutical, manufacturing and service firms such as Pfizer, Dun & Bradstreet, Creditek, Credit2B and Union Camp Corporation. He brings experience in business analytics, process improvement and global governance, shared services management, business process outsourcing and systems implementations.
Matt has a BA in Business Administration, an MBA in Finance and having earned his CCE credentials from the National Association of Credit Management.