Listen to the recording of the NASBP-supported, free webinar, “Financial Transparency in the Digital Age: Virtual Roundtable,” hosted by the Construction Financial Management Association (CFMA).

This webinar, which was recorded live on December 4, included a panel featuring NASBP First Vice President Robert Coon, who is VP Surety Services of Scott Insurance. Also, on the panel was Caryl Coronis, CCIFP, Chair, CFMA & CFO, NAPCO Precast; Bryan McCallister, VP, Surety Strategic Initiatives, IAT Surety; Kristen Sharpe, CPA, Partner, Financial Services Consulting, Crowe; Dennis Stejskal, Director, Construction & Real Estate, Sage; and Nathan Wood, Executive Director, Construction Progress Coalition.

The panelists discussed incentives for a contractor to submit more financial data in XBRL formats to a surety, and they examined technological advances for WIP reports and data sharing and consider the costs and benefits of XBRL-enabled WIPs.

After listening to this webinar, you will be able to:

• Speak competently about the terminology of data interoperability and how nuanced differences can have significant impacts on real-world business transactions.
• Evaluate how a construction company’s WIP maintenance and reporting compares to other contractors to identify potential hidden waste or risk in the company’s current process.
• Identify the bond agencies and surety providers that are leading digital transformation within their respective industry.

Click on the play button, below, to listen to the recording of the NASBP-supported CFMA December 4 Webinar.