Procure-to-Pay Fraud: Detection and Prevention Best Practice Webinar

• Conduct a quick and cost-effective Fraud Risk Assessment of Procurement, Receiving and AP
• Implement effective P2P fraud detection techniques and build audit practices to detect the red flags of the many frauds threatening your P2P operations
• Implement best-practice anti-fraud control strategies for P2P
• Advise management on fraud risk mitigation
• Recommend a better anti-fraud control structure

Goldmann will show you……

• Who commits fraud in each segment of the P2P Cycle and why they do it
• Inside secrets from actual fraudsters
• Vendor billing schemes
• Vendor Master File frauds
• Shipment diversion/theft schemes
• Shipping document falsification
• Latest payments schemes (ACH hijacking, social engineering and more
• Check fraud and tampering
• How easy it can be for Procurement to collude with vendors in costly kickback schemes
• Abusing the competitive bidding process for personal gain
• Conflicts of interest