Accounts Payable Fraud – Ways to Detect and Prevent AP Fraud

There are several approaches you can try to tighten up your AP operations and thereby perform an internal audit; which in itself will be fruitful for future audits and investigations.

These approaches require some data gathering, procedural changes, and employee education. However, the implementation of these changes should not be a burden to you, your staff, or the company.

This webinar will discuss several key areas to investigate, how to uncover fraud, and put a plan in place to prevent it from going forward. We will discuss duplicate payments where a simple quarterly scan can uncover potential issues. By identifying some strategic areas to review, you can educate your staff on what to look for and modify some applications, either internal or vendor developed, to identify potential hazards. With these two steps only, you may be able to pinpoint leakages that otherwise may go unnoticed.

Areas Covered in the Session :

  • Data gathering
  • Establishing the scope and objectives
  • Assessing your risk and resources
  • Quality of policies, procedures, and limits
  • Risk assessment for specific payment types
  • Specific incidences to research
  • Which controls are necessary
  • Incentives or punishments?
  • Infrastructure and governance
  • Implementing solutions
  • Cost/benefit and decision process
  • Optimizing operations
  • Managing risk
  • New payments technology and innovation
  • Managing the risks
  • Management approach
  • Summary
Who Will Benefit:

  • Accounts Payable Managers
  • Payments professionals
  • Operations managers
  • Cash management product and sales staff
  • Treasury managers
  • Commercial bankers
  • Corporate treasury professionals
  • Payments network providers
  • Payments processors

 

 

 

RELATED TRAINING

 

Protecting the Payments Franchise An Opportunity for Greater Customer-Centricity

Payments Fraud Detect & Prevent Check, ACH and P-Card Schemes

Navigating the Financial Regulations of Cybersecurity

FN2341

Ray Graber

Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research and consulting at TowerGroup, best practices Internet security, policies, and procedures at FleetBoston Financial, wire transfer operations and product launches at Citibank and BankBoston, and treasury operations for a $325 million public company.

Ray was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, theMBA Leadership Workshop, and Corporate Finance. Previously, he taught the Financial Management of Commercial Banks in the Boston College Carroll School of Management Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.

Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.

membership

JUST RELEASED
SEMINARS
&
WORKSHOPS
 





  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance
.