K2's Expense Reporting Automation

Course Description

Managing and auditing employee spending on personal and corporate credit cards is a challenge everywhere. Legacy manual expense reporting preparation and approval processes are tedious and repetitive and are an excellent place to start your company?s use of business process automation solutions. This session will cover a variety of expense workflow tools which use technologies and features like bank feeds, mobile receipt capture, OCR data extraction/filling, automated policy enforcement, and artificial intelligence-based validation to automate and eliminate the tedium. Attend this session and learn how to use automation and cure the expense reporting blues for you and your employees.

Major Topics

• Overview of selected expense and corporate credit card reporting and management platforms
• Major fraud schemes associated with expense reporting
• Extracting and importing transaction data from bank feeds and matching to receipts

Learning Objectives

Upon completing this course, you should be able to:

• Select at least two types of employee expenses that are identified as very risky by the course
• Identify at least two common expense reimbursement fraud schemes.
• Choose responses that explain how bank feeds are different from data extraction/OCR applications
• Identify at least two comprehensive expense reporting solutions discussed in detail during the course which offer both OCR data extraction and mobile receipt capture
• Explain how artificial intelligence can be used to identify unusual items in expense reports

Course Information

• CPD Credit: 2.0 hours Computer Software and Applications
• Prerequisites: Fundamental knowledge of expense reporting fundamentals
• Program Level: Intermediate
• Advance Preparation: None
• Who Should Participate: Business professionals seeking to improve expense reporting process

Instructor

• Name: Brian Tankersley
• Hometown: Knoxville, TN
• Bio: Brian Tankersley is a consultant who advises US firms and companies on accounting technology issues. Mr. Tankersley is a frequent speaker at continuing education courses for K2 Enterprises, and publishes a nationally recognized blog on accounting and technology (www.cpatechblog.com). He has also served as the technology editor for a major accounting industry publication. Mr. Tankersley has over 25 years of professional experience, including accounting, auditing, technology, and education, and has been with K2 Enterprises since 2005, and he is also one of the national instructors for Yaeger CPA Review.