Course Description

Most business leaders are savvy enough to realize they need to be concerned about payment fraud, but not everyone realizes they can also experience losses if they don’t have the proper controls around all aspects of their AP function. Duplicate and erroneous payments, audit issues, and lost vendor credits all have a lethal impact on the bottom line. Control problems can creep in at almost any point in the process. They can impact the procure-to-pay cycle at almost any point througout the transactions. In this webinar, Mary Schaeffer, will show you how to take advantage of instilling controls across the entire accounts payable spectrum. 

Learning Objectives

• Identify A/P controls that no longer work.
• Learn how to ensure your segregation of duties regime does not fail.
• Learn how to create the “building blocks” of a strong internal control master plan.
• Learn how to evaluate your own processes to identify weak controls that need tightening.
• Identify best control practices for the entire procure-to-pay process.

Prerequisites

• A basic knowledge of the accounts payable processes.

Who Should Attend

*Accounting and finance professionals who work with the accounts payable function. 
*Managers, executives, and business owners who want to implement better controls over the A/P function and reduce losses throughout the A/P processes.