Chris Doxey

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Season’s Greetings from Lavante!

The Lavante Elves have been hard at work constructing world class educational content throughout the entire year.  We thought this holiday season was a good time to look back over the work they've done in 2015 and send one last holiday gift to everyone on the "nice" list - and everyone on the "naughty" list [...]

How to Manage Risk in Your Procure to Pay (P2P) Operation through Continuous Controls Monitoring (CCM) and Continuous Transaction Monitoring (CTM)

In my last blog, we discussed the challenges in managing risk in the supplier management process within the procure to pay (P2P) process. If we dive deeper into the day-to-day P2P transactional operations we find that that is virtually impossible to manually screen each supplier or invoice for fraudulent trends and anomalies, especially in “real [...]

By | December 3rd, 2015|Categories: Lavante|Tags: , , , , , , , , |0 Comments

Five Best Practices to Ensure Supplier Compliance throughout the Procure to Pay (P2P) Process

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 [...]