Detecting Fraud Using AI in Procure to Pay
Event description
Are fraud and errors flowing through your procurement to payment business process?
According to an ACFE Global Fraud Study, 5% of a typical organization's annual revenue is lost due to fraud.
Learn how artificial intelligence algorithms can spot and help remove from your spending the leakage due to fraud, duplicate payments, errors and non-compliance.
This CPE course looks at using an AI-powered procurement to pay auditing solution which gives your finance team the details they need to effectively control all spending.
This training seminar looks at how world class organizations are reducing their costs using state of the art AI algorithms.
This seminar offers practical advice for adding AI algorithms to the procure to payment function. It is relevant for all types and sizes of organizations: the private sector, the public sector, the not-for-profit or charitable sectors, local and national governments, and international organizations.
Some firms that have a recovery audit process in place designed to recover spend leakage, ranging from errors, waste, fraud, and non-compliance are so 20th century. Forward thinking CFO operations use the power of AI to keep the disbursement from never leaving the organization in the first place.
An AI platform will automatically review and assess the relative risk of every vendor change, purchase order, receiving report, invoice and disbursement in the procure to pay business process. The finance team will be presented with high-risk adds, changes and approvals for manual review.
An effective set of AI powered analytics on top of your existing rule-based controls makes it possible to reduce spending by two or three times want you get by old style recover audits.
This timely, CPE training seminar is designed for the CFO, controller, accountant, or internal audit director who wants to approach improving the procure to payment function and reducing spend leak.
Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.
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