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.
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).