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

This webinar on procurement cards fraud prevention will help you 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.

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 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.

During this session, 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.

Areas Covered in the Webinar:

• 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.

Who Will Benefit:

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