Even with today’s intense scrutiny to supplier compliance and internal controls due to the impact of the Sarbanes Oxley Act of 2002 and other regulatory compliance requirements such as the Foreign Corrupt Practices Act (FCPA), there are still situations in which contracts are established with phony suppliers, employees posing as suppliers, or entities on government [...]
Thank you to the Institute of Financial Operations for recognizing Lavante SIM as the best-in-class software solution in the Supplier Information Management (SIM) category and the top innovation across the entire Procure-to-Pay space! This award marks the second major year-end technology award that Lavante SIM has received for our innovations in the SIM marketplace. Last [...]
The Office of Foreign Assets Control (OFAC) released information on October 20th about yet another violation of their sanctions program and the dollar amount is sure to raise some eyebrows. Crédit Agricole Corporate and Investment Bank (CA-CIB) settled their civil liability for apparent violations of multiple sanctions programs. For a number of years, dating back to [...]
