Fight AP Payment Fraud with the Right Controls
Tuesday | October 31 | 12 PM CT
Presenter: Lynn Larson, Recharged Education
Chances are, your organization has experienced actual fraud and/or fraudulent attempts aimed at your accounts payable department. The threats continue to evolve, stemming from both internal and external sources. How prepared is your organization? Are you guilty of only focusing on one or two types of AP fraud? Even worse is ignoring the risks altogether, believing your organization is too big or too small to be a fraud target. The end result could be your organization becoming a victim, suffering huge losses.
Fortunately, there are ample ways to effectively fight fraud. Whether your organization is seeking help in this area or you simply want to confirm that you are on the right path, this webinar is for you. Lynn Larson, a B2B payments veteran, will:
- share some common AP frauds to watch for, including a real-life example
- describe what can allow fraud to happen (hint: actions and inactions are both to blame)
- suggest controls that help reduce the risks, many of which can easily be adopted right away
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LYNN LARSON – Principal, Recharged Education
Lynn Larson, CPCP, has more than 20 years of business-to-business payments experience. In 2014, she founded Recharged Education LLC, which focuses on payment strategies and commercial card training, consulting, and educational resources; learn more at: www.recharged-education.com. Her previous job roles include education manager for the NAPCP, a professional association for the commercial card and payments industry, and p-card program manager for the Federal Reserve Bank of Minneapolis. In addition, her work experience includes many years in the procurement field. She has held the Certified Purchasing Card Professional (CPCP) credential since 2007.