SkyStem

This is the story of German Nino, a former investment advisor as UBS, who allegedly Stole $5.8 Million from investors’ discretionary accounts.

This is the story of Justin Costello, who allegedly defrauded victims out of $35 million based on the 'mirage' of being billionaire, Harvard MBA, Iraq veteran.

This is the story of Rosa Bonilla, former First Lady of Honduras, who misappropriated $590,000 of public funds and spent it on real estate, credit card payments and her children's school fees.

This episode features Tara Bartko, SVP Accounting and Finance, and Jody Dennison, VP Accounting of Machias Savings Bank.   

With nearly $2.2 billion in assets, 300 employees, and 16 locations stretching across Maine, the team at Machias Savings Bank believes that with every relationship there is a way to keep their customers moving forward, now and in the future. Founded in 1869, and a leader in customer experience and community, Machias makes an impact beyond products and services by donating nearly $1 million to Maine non-profits.

Machias Savings Bank was named the #1 Best Small Bank in Maine in 2020 by Newsweek. It ranked #2 in the Best Places to work for in Maine in 2021. And also in 2021, It was ranked #8 in the Best Bank to Work With in the Nation by American Banker Magazine.  Join us as we discuss the Bank’s journey in taking the month-end close process from good to great.

This is the story of the City of Cottage Grove, MN, which fell victim to a wire fraud scam to the tune of over $1.2 million in losses. The investigation is still ongoing as of August 2022.

This is the story of Marc Sporn, who committed healthcare fraud worth $20 million to fund a lavish lifestyle.

A key responsibility for anyone in the finance function is closing  the company books on a monthly, quarterly and yearly basis. And although  to a layperson that may seem like a straightforward process, anyone  with an accounting or finance background knows it’s anything but.

Filled with multiple stakeholders and dependencies, the financial  close can be a complicated process for even a small organization. But  that complexity can increase algorithmically with the size of the  organization.

In this episode of the Financial Executive Podcast featuring Nancy Wu at SkyStem, Nancy speaks about the increased use of automation in the financial  close and how recent events, like the move to remote working during the COVID-19 pandemic, may have accelerated an already rapidly changing financial close process.

For more information on SkyStem please visit www.skystem.com.

This is the story of Michael Kail, an ex-Netflix executive convicted of taking $500K+ in bribes and kickbacks from tech companies for approving streaming contracts with Netflix.

This "Chit Chat" session features Matt Guth, VP and Assistant Controller of Citizens and Farmers Bank (C&F Bank), $2 Billion publicly traded financial institution based in Virginia. Join us as we discuss C&F Bank’s journey to build a month-end close process involving less administrative burden and no more paper.

What are the top indicators of a month-end close process that is not up to snuff?