Eight Steps for Creating an Effective Cost Management System

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Does your firm find creating a realistic budget, managing spending and controlling your overall expenses challenging? If so, this session will help you regain control of your firm’s expenses and put an effective cost management system in place.

Orin Schepps, Chief Executive Officer of Consultance Accounting, will present an eight-step, easy-to-implement, systematic approach to controlling your firm’s spending to ensure you stay on track with a planned budget and effective internal oversight and monitoring methodology. The result will be increased peace of mind over your budget and expenses plus improved ability to obtain insights from this integral aspect of your firm’s finances. Prepare yourself to take on Q3 with a solid cost management and expense control system that will support your law firm’s overall financial stability for years to come.

  

Objectives             

·       Describe the critical tasks of budget planning and monitoring so firms can effectively control costs and achieve financial sustainability.

·       Discover strategic tools and software that assist in effective expense tracking and spend management.

·       Recognize how to manage and negotiate with vendors and suppliers to obtain better terms and prices.

·       Develop expense policies and remain in compliance for audit readiness and overall operational oversight.

·       Formulate employee training and awareness programs to support your firm's cost management systems.

 

Level: Essentials

$39 for members and $99 for nonmembers

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Eight Steps for Creating an Effective Cost Management System
07/10/2024 at 2:00 PM (CDT)  |  Recorded On: 07/10/2024  |  66 minutes
07/10/2024 at 2:00 PM (CDT)  |  Recorded On: 07/10/2024  |  66 minutes Does your firm find creating a realistic budget, managing spending and controlling your overall expenses challenging? If so, this session will help you regain control of your firm’s expenses and put an effective cost management system in place. Orin Schepps, Chief Executive Officer of Consultance Accounting, will present an eight-step, easy-to-implement, systematic approach to controlling your firm’s spending to ensure you stay on track with a planned budget and effective internal oversight and monitoring methodology. The result will be increased peace of mind over your budget and expenses plus improved ability to obtain insights from this integral aspect of your firm’s finances. Prepare yourself to take on Q3 with a solid cost management and expense control system that will support your law firm’s overall financial stability for years to come.
Certificate
Live and Archive Viewing: 1.00 CLM Credit Unit credit and certificate available
Live and Archive Viewing: 1.00 CLM Credit Unit credit and certificate available This session provides valuable information to any size firm where you will work through a check list of key components that should be a part of every written Business Continuity plan. That checklist can then be used to assess and revise your firm’s current plan.

Orin Schepps

Founder & CEO

Consultance LLC

Orin Schepps is the Owner and Chief Executive Officer of Consultance Accounting. Founded in 2008 with a desire to change the way accounting services were provided, Consultance Accounting has become a trusted trailblazer for legal firms, not for profits and other service-based organizations. Schepps’ career experience includes several public accounting, controller and chief financial officer roles. 

CLM® Application Credit for Functional Specialists: 1 hour(s) in the subject area of Financial Management (FM) towards the additional hours required of some Functional Specialists to fulfill the CLM application. 

CLM® Recertification Credit: 1 hour(s) in the subject area of Financial Management  (FM


*Please contact certification@alanet.org for information regarding continuing education credits. CE credit offered for this program is applicable to the 2024, 2025, and 2026 calendar years.