Exchange Summit Americas: How Automating Your P2P Controls Can Mitigate Risk 2017

Given today's turbulent supply markets and volatile global business environment, Procure to Pay (P2P) professionals need to be in a position to make timely decisions about their suppliers and to properly manage risk. We suggest that an automated internal controls process can support a formal, structured risk management capability. This approach creates visibility into supplier performance and also spotlights supplier risk issues and enables additional supplier collaboration. Workshop Objectives This hands on and interactive workshop takes a look into internal controls and risk management best practices for the P2P process and takes things a step further by exploring the benefits of continuous controls monitoring (CCM) and continuous transition monitoring (CTM). Attendees will learn how the tools available today can help mitigate risk within their P2P process which can help prevent cash leakage.