use of technology to improve accounting efficiency (2)
TRANSCRIPT
Use of Technology to Improve
Accounting Efficiency and
Effectiveness
Cary Okawa
October 2012
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Use of Technology to Improve Accounting Efficiency
and Effectiveness
• Impact: Reduction in Audit Fees by over $200,000
• SAP Workflow
– Journal entry approval and use of file attachments
• OneSource Platform
– Monthly close process and account reconciliations
– Income tax provision
• Treasury Platforms
– Clearwater Analytics
– Bank of America CashPro Online
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Impact: Reduction in Audit Fees
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SAP Workflow
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OneSource Platform
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Treasury Platforms
• Clearwater Analytics
– Monitors and tracks investment portfolio via
electronic interfaces with each financial institution
– Reconciled daily by Clearwater staff
– Risk and compliance reporting
• Bank of America CashPro Online
– Centralized lockbox and disbursements
– Interface with SAP
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Clearwater Analytics
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Bank of America CashPro Online
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