Procure to pay is the target for fraudsters of many kinds both inside and outside your organization. Consider the possibility of receiving a perfectly legitimately-looking invoice which gets approved and processed before it is determined that the sender of the invoice is a "ghost" vendor with nothing more than a postal box for an address.
Or-the case of the large retailer whose Accounts Payable department honored the E-mail request of a "vendor" to switch from check payment to ACH payment, only to learn several millions dollars in fraudulent payments later, that the sender was a fraudster.
Why should you attend:
Understand how common procurement, receiving and disbursement frauds are perpetrated
Understand who the primary perpetrators of purchasing, receiving and disbursement fraud are
Understand why purchasing, receiving and accounts payable employees commit fraud
Learn how not to manage P2P from important case studies of frauds committing in this area
Recognize the red flags of common P2P frauds
Know how to apply best P2P fraud detection tools and techniques
Learn to correct P2P control deficiencies in favor of a robust anti-fraud control framework