Community Announcements

  • Remembering Michael Schor

    By: Kathleen Robb Kathleen Robb , 15 days ago
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    In honor of IMA | Institute of Management Accountants Member Appreciation Week, the IMA - Greater Philadelphia Chapter would like to share the following remembrance, written by former Chapter President Rob Miele, in honor of our friend and Chapter President, Michael Schor. 🙏 Mike was an enthusiastic and committed leader and volunteer for many years and will be dearly missed by all.

    From Rob:
    I met Mike Schor about six years ago at an IMA student night. He thought Philly would be a fun Chapter to join, so he transferred. His infectious laughter soon became a regular part of our Board meetings.

    Mike's leadership proved invaluable for navigating those days of quarantines. Before long, he was organizing and presenting well received webinars. He energized and grew the Board, and our monthly video calls became known as the Chapter Chat.

    Getting back to live events meant that we got to see Mike's warm personality up close. For CPE or social gatherings, Mike was happy to be there, often with his wife Lori helping him with his presentation, or welcoming people as they came in.

    For a few years, right up until our last Chapter Chat in December, Mike fought hard to project a positive view of his health. A round of treatment, another remission, and the old vitality seemed to come roaring back.

    Sadly, we lost Mike on Wednesday, January 28th. Remembering our Warrior, I guess, will help us face our own struggles with the same bravery. But right now, we’re just missing him, as are Lori, his students, colleagues, and his many friends, who are all so glad we got to know Mike.

    Rob Miele

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  • SF Article on Data Insights - Transformative accoutig processes

    By: Eashwar Seshadri Eashwar Seshadri , one month ago
    Using the Digital Team to Enhance Profitability and Control
    With the right approach, your digital team can drive efficiency, strengthen control, and uncover profit opportunities by analyzing outliers.
     
    Content Type: Article | Reading Time: 11 Minutes
    From data noise to financial insight
    Modern organizations generate more financial and operational data than ever before, yet information hides in plain sight. Within enterprise resource planning (ERP) systems and related platforms, millions of transactions flow each month. And while the transactions are all balanced, the process is not guaranteed to be accurate or efficient. Among this volume of data lie outliers that deviate from expected norms — transactions, entries, or process behaviors. These anomalies often point to control gaps, process inefficiencies, or emerging risks that quietly erode profitability.
     
    To uncover these hidden insights, finance leaders are increasingly turning to the digital team of data scientists, IT specialists, and process analysts. By applying advanced analytics and machine learning (ML) tools, organizations can detect patterns that traditional controls overlook. Whether it’s identifying duplicate vendor payments, unusual pricing, or abnormal posting patterns, outlier detection transforms routine financial data into actionable intelligence.
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