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Free cpe webinars
How to Manage Risk and Reduce Friction in the Supplier Onboarding Process


Cost Free
Presentation Length 1.0 hour

Recorded DateMay 10, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Even with the intense attention to supplier management internal controls due to the impact of the Sarbanes Oxley Act of 2002 and other regulatory compliance requirements, there are still situations in which contracts are established and invoices are paid to fictitious suppliers or suppliers on government watch lists. 
How can a contract be established with a new supplier without any due diligence or validation? How is it possible that “legitimate” suppliers have a private mailbox at the local UPS Store, a private residence, or even a prison address?  Or that invoices a few weeks apart with consecutive numbers both get paid? Or “invoices from a “supplier” whose address happens to match that of a company employee get paid? This webinar provides the best practices that will enhance your supplier management process, reduce buyer and supplier friction and the risk of fraud in the procure to pay (P2P) process.  
Learning Objectives: 

  • Recognize a solid understanding of the supplier onboarding process within the procure to pay (P2P) process.

  • Identify insight into the specific risks within the supplier master file process.

  • Associate how to better manage risks with supplier management internal controls.

  • Recognize about the challenges and best practices for the supplier onboarding process and where friction occurs.

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Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard 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 internal controls, policies, and corporate governance processes. She fine tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.

As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations.

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). Chis is also a Certified Internal Controls Auditor (CICA), and  a Certified Professional Controller (CPC).

About Our Sponsor

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Veem is a next generation platform for business to business payments. We enable businesses to send and receive payments in local currency via a simple and inexpensive manner by using our unique multi-rail technology across several global networks.