SBS APEX – Contract Management Series – Financial Management

Every day, the government buys billions of dollars’ worth of goods and services from businesses. In an ongoing effort to assist businesses interested in selling to the government, the New York City Department of Small Business Services APEX Accelerator offers this Contract Management series.

Managing your finances effectively is critical for success in NYC government contracting. Whether you’re preparing your first invoice or navigating complex reporting requirements, this workshop will provide you with the knowledge and tools to handle financial management with confidence.

Why This Workshop Matters:

Strong financial management practices are essential for ensuring compliance, maintaining cash flow, and protecting your business assets. This workshop offers actionable insights tailored to the unique needs of Minority and Women-Owned Business Enterprises (M/WBEs).

What You’ll Gain:

• Ensure Compliance: Learn to meet NYC-specific financial reporting and record-keeping requirements to avoid costly penalties.
• Streamline Reporting & Invoicing: Discover best practices for preparing accurate invoices and submitting them through PASSPort or agency-specific systems.
• Navigate NYC Procurement Systems: Gain a clear understanding of procurement platforms like PASSPort and how they integrate into financial management.
• Mitigate Financial Risks: Identify common financial challenges and learn strategies to manage delayed payments, cost overruns, and compliance audits.
• Protect Your Business: Develop practices that enhance transparency, ensure timely payments, and build trust with NYC agencies.

What You’ll Learn:

• How to maintain accurate financial records, including payroll, subcontractor payments, and invoices.
• Reporting requirements for MWBE contractors, including deliverables and MWBE participation tracking.
• Invoicing procedures tailored to NYC agencies and the Prompt Payment Policy.
• Tools and strategies to manage risks, ensure compliance, and safeguard your financial health.

Who Should Attend?

This workshop is ideal for MWBE contractors, business owners, project managers, and compliance officers looking to strengthen their financial management foundation and align practices with NYC government contract requirements.

Don’t miss this opportunity to enhance your financial practices, reduce risk, and position your business for long-term success. Spaces are limited—reserve your spot today and take the next step toward financial excellence!

Don’t have a registered business yet?

The NYC SBS offers free business courses to guide NYC entrepreneurs as they start, operate, and grow their businesses. Courses are available on core topics in entrepreneurship, including business planning, financing, and marketing, and are accessible in multiple languages, including Spanish, Chinese, and Russian.

View upcoming live, online courses, hosted by our Business Solution Centers (BSC) which are available through registration on Eventbrite.

Webinar Registration Information

In order to receive a link to join the webinar, your registration form must be fully completed.

A Zoom Registration Link will be distributed prior to the webinar for successful registrations.

If there are any problems with your registration, or you do not receive a link, please contact us directly at apexaccelerator@sbs.nyc.gov.

Reminder

All webinar attendees are required to be registered individually for this workshop.

Multiple tickets may be selected per order; there is a checkbox that will allow company information to be applied to all attendees. Simply update the name, job title, and email address per each attendee.

We invite you to check the NYC Department of Small Business Services Eventbrite page for information on upcoming webinars in our Contract Management Series.

• Contract Award Process
• HR Management Fundamentals
• HR Management Compliance
• Project Management for Construction Firms
• Project Management for Professional Services
• Prime and Subcontractor Relationships
• Recordkeeping and Reporting
• Contract Management and Performance Evaluations

ReGISTER FOR WORKSHOP