Implementing P-Card Policies, Procedures, and Internal Controls Best Practices

This training program will discuss how purchasing cards (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. It will also illustrate how a P-Card program can create additional fraud risk and requires robust policies, procedures, and internal controls.

Why Should You Attend:

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.

This webinar will spotlight the role of the P-Card administrator and will provide twenty best practices for detecting and preventing P-Card fraud that you can immediately implement at your company. This webinar will also provide examples of critical P-Card policies and procedures that can create an immediate impact in your organization.

Areas Covered in the Webinar:

Why Implement a P-Card Program?

• P-Card Usage and Fraud Statistics
• Critical P-Card Policies and Procedures
• Your Best in Class Internal Controls Program
• Ten Tips for Success
• What Went Wrong: A Case of P-Card Fraud
• Q & A

Who Will Benefit:

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