Automation in Accounting and Finance

About the Course

The objective of this course is to familiarize students with the best practice in financial management, with a focus on automation in accounting and finance. 

 

The course descriptions:

The rapidly evolving relationship between accounting and information technology (IT) means that finance departments need to understand how IT can be used to improve operational efficiency, support financial reporting and managerial decision making. The accounting and finance sector, given its heavy reliance on mass amounts of numbers and data, is a prime candidate for the automation offered by today’s technology and intelligent learning systems.

 

The course covers best practices in automation in accounting and finance: general management of financial department, AP (accounts payable), AR (accounts receivable) and reporting. Concepts like fast month-end closing, EDI (electronic data interchange) and e-invoices, automated P2P (purchase-to-pay) and 24/7 available monitoring of KPIs (key performance indicators) are covered. Additionally, an overview of most recent trends in accounting and finance is given, such as growing need to use cloud technologies, artificial intelligence (AI) and robotic process automation (RPA).

Programme

08.11

8:30-10:00

1-1

Introduction and syllabus overview.

What is benchmarking? Introduction to best practices in finance and accounting.

08.11

10:15-11:45

1-2

Accounts payable (AP) process: e-invoices, e-workflows, T&E solutions.  EDI and automation of information flows in purchasing, warehousing and sales.

29.11

14:00-15:30

2-1

Best automation practice presentations by students, presentation discussions.

29.11

15:45-17:15

2-2

Billing and collections automation.

30.11

10:15-11:45

3-1

Budgeting, planning, and reporting best practices.

30.11 12:00-13:30

3-2

ERP's role in accounting and finance automation.

30.11

14:00-15:30

3-3

Latest trends in accounting and finance: RPA, AI, cloud technology and big data.

20.12 17:30-19:00

4-1

Course project presentations and discussion.

 

Lecturer

Hele Hammer is the CEO of Telema, the largest EDI operator in the Baltics. Previously, she served as the CFO and management board member of Amserv, a group of 14 car dealerships in Estonia and Latvia. 

Hele has been a finance lecturer at the Estonian Business School since 1997. In 2003, Hele got her PhD in Economics from the Tallinn University of Technology. She has also studied at Bentley University and Ohio State University, both in US.


Lately, she has focused on teaching graduate students and executives on topic of corporate finance, business intelligence and supply chain management. She is the program manager of the EBS Executive Training Centre's CFO development program. 

Price and registration info

Price: 360 € per participant   
To registration please e-mail: avatudulikool@ebs.ee 
Course is available only for graduated students or EBS alumni