Why Should You Attend:
Controls are essential to a strong AP operation. Too many controls slow down AP operations, delaying payments. Too few controls leave the organization exposed to errors and fraud. Segregation of duties can conflict with customer service needs and the desire to get work done quickly and efficiently. How do you establish the proper balance?
In this webinar, attendees will learn how to use controls and segregation of duties to build a bullet-proof AP operation without compromising the efficiency of AP operations or the ability to deliver excellence in customer service. They will also learn common controls that are ineffective, and the not-so-common controls that are the best protection against those looking to take advantage of weaknesses in the AP process.
Areas Covered in the Webinar:
Role of AP in preventing fraud
AP mistakes that create risk
Risks of AP fraud
Basics of segregation of duties
Sample AP segregation of duties
Overcoming common challenges in segregation of duties
Real cases of fraud
Vendor file controls
Invoice approval controls
Expense report controls
Purchasing card controls
Payment controls
Ineffective/fake controls
Preventing duplicate payments
Controls are essential to a strong AP operation. Too many controls slow down AP operations, delaying payments. Too few controls leave the organization exposed to errors and fraud. Segregation of duties can conflict with customer service needs and the desire to get work done quickly and efficiently. How do you establish the proper balance?
In this webinar, attendees will learn how to use controls and segregation of duties to build a bullet-proof AP operation without compromising the efficiency of AP operations or the ability to deliver excellence in customer service. They will also learn common controls that are ineffective, and the not-so-common controls that are the best protection against those looking to take advantage of weaknesses in the AP process.
Areas Covered in the Webinar:
Role of AP in preventing fraud
AP mistakes that create risk
Risks of AP fraud
Basics of segregation of duties
Sample AP segregation of duties
Overcoming common challenges in segregation of duties
Real cases of fraud
Vendor file controls
Invoice approval controls
Expense report controls
Purchasing card controls
Payment controls
Ineffective/fake controls
Preventing duplicate payments
