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Leading organizations recognize the importance of comprehensive supplier qualification processes but struggle to communicate qualification requirements to potential suppliers, and have difficulties creating a baseline for evaluating supplier risk levels. Ardent Partners reports that 51% of the respondents in “The CPO’s Top Goals for Investing in Technology” survey report improving compliance as a goal. The Hackett Group includes customizing supplier onboarding, identifying fraud and addressing internal policy non-compliance as the best practice tactics for a world class P2P organization.
To support tax and regulatory compliances requirements, there are several best practices to consider when onboarding your suppliers. This webinar will present seven best practices to consider in your supplier onboarding process.
Learning Objectives:
- Gain an understanding of supplier onboarding best practices
- Learn about the impacts of supplier master compliance for all company types and sizes
- Learn to about the seven best practices to consider for your supplier onboarding process
- Determine how these seven best practices reduce risk in your Procure-to-Pay (P2P) process.
Throughout this webinar, Chris Doxey will cover the following topics:
- How do I define the Procure-to-Pay (P2P) process from supplier selection to payment?
- What are the key controls for the P2P process?
- Why is the supplier onboarding process so important?
- What are seven best practices that can reduce risk?
- How do I implement these best practices?
- What are the critical compliance requirements for the supplier onboarding process?
Christine Doxey, CAPP, CCSA, CICA, CPC
Doxey Inc.
President
[email protected]
(571) 267-9107
Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard, which allowed her to develop and implement internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) to implement internal rules, 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). Chris is also a Certified Internal Controls Auditor (CICA) and a Certified Professional Controller (CPC).
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