Using Controls and Segregation of Duties to Build a Bullet Proof AP Operation

Duration: 60 Minutes
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.
Role of AP in preventing fraud
Instructor: Brian G Rosenberg
Product ID: 504288
Objectives of the Presentation
  • 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
Why Should you Attend
Controls are essential for 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.

Who will Benefit
  • Accounts Payable Managers and Directors
  • Chief Financial Officers
  • Vice President of Finance
  • Procure to Pay Leaders
  • Shared Service Leaders
  • Treasury Leaders
  • Loss Prevention Personnel
Topic Background
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 a proper balance? Just one change to your controls can save your organization hundreds of thousands or even millions of dollars.
$200
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Brian G. Rosenberg, chief executive officer of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years experience in the design of accounts payable shared service centers, and nearly 20 years of experience with implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine, and is a published author, and speaker, on procure-to-pay best practices.

Mr. Rosenberg has assisted companies of all sizes with scaling and growing their businesses. He has helped companies to select and implement key technologies and led large business transformation projects. He has guided small and mid-size firms with developing growth strategies and developing scalable processes. He provides regular presentations at industry conferences and has published articles, white papers, and was a contributing author to a book on emerging technologies. He is certified in Six Sigma, Kaizen, and Change Management as well as other professional credentials.
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