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2017 CMiC Conference


S03.B - CMiC Enterprise: A Suite to Cover your Financial Lifecycle


Nov 6, 2017 2:45pm ‐ Nov 6, 2017 3:45pm

Description

The financial lifecycle of an organization is not a stand-alone activity. It includes risk management, cash management and proper financial reporting. This session will discuss these activities and strategies to simplify the process to ensure accurate reporting. As a demonstration of CMiC’s financial capabilities, the focus will be on AP workflow & trains, AR cash receipt train, financial close-out processes and reporting.

  • Understand how the system handles risk management, cash management along with financial close-outs (Month End / Year End) and financial reporting
  • Overview of the changes necessary for the financial IRFS 15 reporting framework
  • IFRS 15 impact on revenue recognition, how owner contracts are written and the impact of change orders
  • How will CMiC software be handling these changes?

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