Purchasing Cards: Overcoming Risks and Creating an Effective Program - HRCI & SHRM Accredited

On-Demand Schedule Mon, November 23, 2020 - Mon, November 30, 2020
Duration 60 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW20C0317

Learning Objectives:

  • Determining how purchasing cards fit within the overall organization strategy
  • Components of a successful purchasing card program
  • Implementing proper purchasing card controls
  • How to identify highest risk transactions including cybercrime
  • Types of risk including fraud and misuse
  • Auditing techniques
  • Internal controls and governance
  • Discussion of types of purchasing cards available
  • How to avoid common purchasing card fraud
  • Develop effective purchasing card policies

Areas Covered in the Webinar:

  • Why use purchasing cards
  • Roles and responsibilities in purchasing card programs
  • Commonly identified risks
  • Components of a successful program
  • How to audit your p-card program
  • How to develop an effective purchase card policy
  • Assessing risk
  • Building preventive controls

Overview of the webinar

This training program will detail the components of a successful purchasing card program. It will also discuss implementing proper purchasing card controls, types of risk including fraud and misuse, auditing techniques, and more.

Who should attend?

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

Why should you attend?

If your organization is reluctant to implement or expand a purchasing card program, this webinar will recommend simple yet effective controls that can overcome these concerns. The course will help attendees determine how purchasing cards fit within the overall organization strategy and discuss components of a successful purchasing card program.

Further, the webinar will also discuss implementing proper purchasing card controls and highlight pointers that can help you identify high risk transactions (including cybercrime). The course instructor will highlight the types of purchasing cards available and best practices to avoid common purchasing card fraud.

Faculty - Mr. Brian G. Rosenberg

Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers, and nearly 20 years of experience with implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine, and is a published author, and speaker, on procure-to-pay best practices.

Credits

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

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