SamilPwC said on the 29th that it will hold a seminar titled "A new standard for university finance: Innovating R&D·RISE project expense management with artificial intelligence (AI) and compliance."
The event will be held at 2 p.m. on the 21st of next month at Challenge Hall on the 2nd floor of Kyowon Space in Jongno-gu, Seoul.
Since last year, the Regional Innovation-led University Support System (RISE) has been in full swing. As a result, universities are facing a situation where they must operate various government-funded programs with different characteristics and management standards—such as research and development (R&D), RISE, and funds—at the same time. Some universities are even pursuing the Regional Growth Talent Development System (ANCHOR), further expanding the complexity and burden of university financial management.
At the same time, efforts are underway to simplify settlement procedures to create conditions that allow a focus on research and to strengthen inspections and management to prevent fraudulent receipt of subsidies, leading universities to need systematic response capabilities across execution, settlement, and tax management.
Amid these changes, the seminar will comprehensively discuss key issues across university financial management, focusing on the main challenges faced by university finance practitioners—from establishing management standards for R&D·RISE project expenses to addressing tax risks and compliance.
In the first session, Choi Jae-young, head of the SamilPwC Institute for Business Research, will explain the institutional changes and response directions facing universities, focusing on major changes in government subsidies and research and development expense management policies and the regulatory environment.
In the second session, Sun Min-gyu, leader of the nonprofit integrated BPO (business process outsourcing) platform, will present major cases of disallowed project expenses and points to note during settlement, focusing on RISE, research and development, and government subsidies programs.
In the following session, Partner Sun will present on a new standard for project expense settlement using artificial intelligence (AI) technologies and will give a live demonstration of SamilPwC's industry-first, self-developed AI-based platform for monitoring project expense execution and settlement.
In the next session, Jung Min-cheol, university consulting leader, will examine how changes in the institutional environment during the operation of RISE projects affect universities and will present mid- to long-term response directions that universities should consider.
Next, Jung Mi-hyang, leader of the nonprofit tax team, will explain key points in tax risks and compliance management that university finance practitioners should heed, focusing on tax issues arising in the operation of RISE project groups and industry-academia cooperation groups.
In the final session, all presenters will join as panelists to share comprehensive views on major issues that university practitioners face on the ground, focusing on pre-submitted questions and on-site inquiries.
Yoon Kyu-seop, leader of the public and nonprofit platform at SamilPwC, said, "Since the introduction of RISE, the university financial management environment has rapidly become more complex, increasing the burden on universities that must manage various financial programs with limited staff," and added, "Through this seminar, we hope university finance practitioners will explore the potential of management methods that use AI technologies and establish practical response directions that can be applied immediately on the ground."
Seminar registration is available through the SamilPwC website, and attendance guidance will be provided individually only to those who pre-register.