Procurement Cards (P-Cards) - Fraud Detection Prevention and Deterrence

P-Card usage is on the rise and so are the cases of P-Card fraud!  Many companies have implemented P-Cards as a means to reduce invoice volume and increase efficiency within accounts payable department and within the procure to pay (P2P) cycle. But the increased use of P-Cards has resulted in additional risk which creates an enhanced focus on internal controls and spotlights the role of the P-Card Administrator. 

Overall, P-Cards provide a means for streamlining the procure-to-pay process, allowing organizations to procure goods and services in a timely manner, reduce transaction costs, track expenses, take advantage of supplier discounts, reduce or redirect staff in the purchasing and/or accounts payable departments, reduce or eliminate petty cash, and more. Learn how to detect and prevent fraud throughout this important process.

• Learn about P-Card Program best practices and the top internal controls.
• This webinar spotlights the role of the P-Card Administrator.
• Obtain the Twenty Best Practices for Detecting and Preventing P-Card Fraud
• This webinar will also provide examples of critical P-Card Policies and Procedures that can make an immediate impact at your company.
• Learn about the cardholder’s agreement.
• Learn the types and definitions of corporate cards.

• P-Card Statistics
• P-Cards, T&E Cards, Corporate Credit Cards, and Payment Cards
• Why Companies Implement a P-Card Program
• Introduction to Fraud Awareness
• The Red Flags of P-Card Fraud
• Preventing P-Card Fraud: The Top Five Controls
• Your P-Card Internal Control Toolkit
• Case Study: A Case of P-Card Fraud
• Q & A
   

The instructor will identify the ‘red flags” of P-Card fraud and will provide a practical internal controls toolkit that will help reduce the potential for fraud and mitigate risk within the process. We’ll present a timely case study that describes what can happen if a good P-Card controls program is not in place. We’ll identify the specific “red flags” and how the situation could have been prevented.

• CFOs
• Controllers
• Procurement Professionals
• Accounts Payable Managers and Directors
• P-Card Administrators
• Internal Auditors

Chris Doxey, CAPP, CCSA, CICA, CPC

Chris has been the owner and president of Doxey, Inc. since 2012.  She provides management consulting services to clients such as NACHA, Oracle and Mastercard. She advises her clients on how to implement leading edge best practices and automation in the areas of internal controls, risk management and metrics for financial operations. She specializes in the procure to pay (P2P), order to cash (O2C) and record to report (R2R) processes.

Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard and MCI which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of SOX 404, internal controls, and corporate governance policies and procedures.

Chris also held senior management positions at accounts payable recovery firms which included APEX and Business Strategy, Inc. (BSI). As a consultant, she worked with PRGX to implement a self-audit tool for the accounts payable payment process.

She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management.  She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chris is also a Certified Internal Controls Auditor (CICA), and a Certified Professional Controller (CPC).

Chris is a member of the Institute of Internal Auditors (IIA), the Institute for Internal Controls (The IIC), and the Institute of Management Accountants (IMA). She is also a member of the advisory board for The IIC and The Exchange Summit.

Chris a sought after speaker at global conferences and presents several webinars each year. As a published author, she writes numerous blogs and whitepapers. Her books, “The Internal Controls Toolkit” and “The Fast Close Toolkit” will be published by Wiley later in 2019.