Purchasing Cards: Overcoming Risks and Creating an Effective Program

A purchasing card program can make buying easier, but only with the right controls. This 60-minute webinar sets out the components of a successful p-card program and how it fits your organization's overall strategy.

You'll learn why to use purchasing cards, the types of cards available, roles and responsibilities, and how to write an effective p-card policy. The session covers commonly identified risks, including fraud and misuse, how to assess risk and build preventive controls, and pointers for flagging high-risk transactions such as cybercrime.

It also explains internal controls and governance and how to audit your p-card program.

• Determine how purchasing cards fit within your organization's strategy
• Identify the components of a successful p-card program
• Develop an effective purchasing card policy
• Implement controls and governance that reduce fraud and misuse
• Identify the highest-risk transactions, including cybercrime
• Apply auditing techniques to your p-card program

• Why use purchasing cards and how they fit organization strategy
• Types of purchasing cards available
• Roles and responsibilities in p-card programs
• Components of a successful program
• Developing an effective purchasing card policy
• Commonly identified risks, including fraud and misuse
• Assessing risk and building preventive controls
• Identifying the highest-risk transactions, including cybercrime
• Internal controls and governance
• Auditing techniques for your p-card program
• Avoiding common purchasing card fraud

If your organization hesitates to launch or expand a purchasing card program, simple but effective controls can address those concerns. This session recommends practical controls and best practices for avoiding common purchasing card fraud.

It suits CFOs, controllers, procurement professionals, accounts payable managers and directors, p-card administrators, internal auditors and treasury leaders.

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

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 the 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.