What to do when you know there are critical control deficiencies in your business I was working for a global business in a regional finance leadership role. Internal Audit rotates their work so that each entity is reviewed every three years, and it was our turn. The issue was that Read more…
Even if you are a small business, you can still set up a strong internal control and fraud mitigation framework with proper separation of responsibilities. Every time money is going out the door, you want to have multiple people involved in the transaction. This includes both payments to vendors and Read more…
Here’s a quick primer on how the e-commerce Order-to-Cash model works from a high level. First the order comes in on the website, then there are two parallel processes for that run for each order. The first is the cash collection cycle–getting paid for the product. The second is the Read more…