This training program will detail how to create a bullet-proof AP operation that is setup to detect and proactively prevent fraud from occurring. During this session, the webinar presenter will discuss real cases of AP fraud and the controls that organizations later realized needed to be added to their AP operation, unfortunately too late to prevent these costly incidents. In addition to discussing good controls, he will also discuss common controls that are ineffective, provide no value, or even leave AP departments with a false sense of security while they are in reality still very much exposed.
Fraud is more common than companies realize as it is chronically underreported. AP departments have a vital role in preventing instances of fraud within their department. How do AP managers, already facing large workloads and staff and technical resources, able to effectively prevent costly mistakes or fraud from occurring.
While too few controls leave an organization exposed, too many controls can create bottlenecks in processes and prevent AP from getting work done quickly and efficiently. How do you establish the proper balance? Just one change to your controls can save your organization hundreds of thousands or even millions of dollars.
