The AP risk you can’t afford to ignore: Maverick Spend
The webinar reveals how weak supplier and PO controls expose finance teams to fraud and compliance risks, stressing the need for proactive spend management for greater resilience.
Webinar
In today’s complex environment, control and compliance aren’t just procurement’s concern, they’re critical for finance too. Yet in many organisations, retrospective supplier creation and after-the-fact PO raising still sit with AP teams, creating significant exposure to financial and operational risk.
From suppliers being onboarded without proper due diligence to invoices processed without valid POs, these practices can open the door to fraud, compliance breaches and missed savings opportunities.
In this webinar, Proactis’ Solution Engineer, Sean Cheasley, uncovers the hidden dangers of maverick spend in Accounts Payable, and explains why getting ahead of these risks is essential for finance transformation and resilience.
Why retrospective supplier creation and late PO raising put your organisation at risk.
How maverick spend undermines compliance, audit readiness, and cashflow.
Practical ways to improve control and eliminate manual workarounds in AP.
Best practices to drive collaboration between Finance and Procurement.
Watch on demand
The webinar highlights how poor control and compliance in procurement and finance - such as late supplier onboarding and after-the-fact PO creation - can increase fraud and compliance risks. Proactis’ Sean Cheasley explores the dangers of maverick spend in Accounts Payable and shows why proactive risk management is crucial for financial resilience and transformation.