The Advantages of Linking Management Systems - Webinar By GlobalCompliancePanel

Overview: It's important to improve the dialogue between financial, quality, IT and environmental management systems.

Members of these management systems need to understand what the others do. Quality and environmental managers need to understand the language of finance and the effect of operations on the bottom line, while financial managers need to know how quality, environmental and IT managers can help improve results. In the long run there will be cost savings, continual improvement of processes and products and a greater understanding of each other’s work and responsibilities.

Why you should attend: There are a number of reasons for attending this webinar. First of all, it provides participants an opportunity to learn how to interact with the other management systems and see the advantages of working with them. It will provide information that can help open the doors to financial managers, top management and the board of directors. You will gain an understanding of the six elements of financial management systems:

• Investment management
• Statement of cash flow
• Profit and loss statement (P&L)
• The balance sheet
• The general ledger, and
• A system of internal control

We will look at each of these elements and the support given to each one. You will gain a better understanding of core operating requirements of organizations. We will discuss QMS/EMS support of financial management in the following areas: budgeting, forecasting, helping accountants understand the business, breakeven analysis, strategic planning and management, inventory management and using lean-six sigma to support financial management.

Two supporting technologies play important roles in an organization. Without an effective IT system, the financial, quality and environmental management systems will have a difficulty in operating. And, Lean Six-Sigma projects provide bottom line improvements that directly affect the financial results of the organization. We take a look at these too, during the webinar.

Areas Covered In the Seminar:

• The six elements of a financial management system
• How quality, environmental and IT management support the six elements of financial management

Who will benefit:

• Financial Managers
• Quality Managers
• Quality Engineers
• Quality Executives
• Financial Executives
• Consultants
• Environmental managers