Fraud: Traditional AP vs. P-Card? Re-Examination of Process Vulnerabilities

Thursday, May 13th; 8:45 - 9:45 AM

Nat Goodman, CAPP - President

Goodman & Associates - Business Services

Best Suited for Companies Processing more than 750,000 Invoices Annually

Presentation Style - Traditional PowerPoint

Field of Study - Finance

Overview # 1900 - New Session

The session will assist procurement and finance personnel in evaluating disbursement risk associated with traditional AP vs. p-cards. Determine which transactions are better suited for credit cards. Look for ways to mitigate risk by embracing up-to-date p-card technology and best practices. In particular:

• Explore traditional AP disbursement's areas of greatest exposure.
• Evaluate conventional myths about plastic vs. the reality of its vulnerability.
• Question when credit cards are a safer and more secure transactional medium than traditional AP.
• Outline what environment / process factors can be enhanced to mitigate p-card risk and therefore allow for program expansion.

Thursday, May 13th; 8:45 - 9:45 AM

Kathy Levin - Managing Director

Payments Information Circle

Co-Presenter TBD

Presentation Style - Traditional PowerPoint

Field of Study - Auditing

Intermediate# 1905 - New Session

The benefits of using automation to remove paper from the payments process are clear, but what about the risks and regulatory requirements that come along with those benefits? The speakers will discuss the fraud, operational, and credit risks from the financial institution and corporate customer perspective in ACH, remote deposit capture, card and emerging mobile payments, what can be done to mitigate those risks, and the regulatory expectations for each payment type. You will learn how to:

• Identify risks in different electronic payment methods.
• Understand regulatory guidance issued on risk and recent and proposed rule and regulation changes.
• Apply best practices and tools to help improve risk management.

The Changing Landscape of Unclaimed Property Compliance and Risk: What AP and AR Managers Need to Know

Tuesday, May 11th; 2:15 - 3:15 PM

Karen Anderson - Senior Compliance Advisor

Abandoned Property Services, LLC - Business Services

Best Suited for Companies Processing more than 750,000 Invoices Annually

Presentation Style - Traditional PowerPoint

Field of Study - Auditing

Basic # 1910 - New Session

This session begins with a primer on states' unclaimed property compliance requirements. The focus of the presentation, however, is to assist the practitioner in taking the step from knowledge to action as the facilitator explains suggested tools for minimizing liability and mitigating the unclaimed property risk. The impact on compliance with the new state due diligence requirements and recent lawsuits surrounding due diligence, release of liability, and voluntary disclosure will be discussed. Practitioners will hear about recent state interpretations, reporting mandates, legislation, and the latest audit trends triggered by the change in economic climate and how these changes may alter the practitioners' compliance alternatives and strategies. A question and answer session will conclude the session.

Time to Find a Real Job, Hackers

Thursday, May 13th; 10:00 - 11:00 AM

Christian Vance - Sr. Sales Executive

DST Output

Presentation Style - Traditional PowerPoint

Field of Study - Business Management & Organization

Basic # 1915 - New Session

Many companies, across all industries, have lost, accidentally distributed, or misplaced CDs/DVDs with unprotected sensitive customer information. How can you prevent your valuable customer and business data from getting in the wrong hands? Can you afford to have a single customer record exposed?

Attendees will walk away with concrete ways to minimize their exposure to security risks through CD/DVD encryption of sensitive data. In this session:

• Explore the seven keys for implementing a robust data security system
• Identify the benefits of encryption that apply to every industry
• Identify the next steps for creating a customer data security implementation plan
• Discover how one of the nation's largest asset management companies applied CD/DVD encryption to proactively respond to growing - and real - security concerns

What Keeps Your Controller Up Nights? What Every AP and AR Pro Should Know About Accounting

Wednesday, May 12th; 9:45 - 10:45 AM

Nat Goodman, CAPP - President

Goodman & Associates - Business Services

Best Suited for Companies Processing 250,000-500,000 Invoices Annually

Presentation Style - Traditional PowerPoint

Field of Study - Finance

Basic # 1920 - New Session

How is your controller or CFO evaluated? How does he/she balance efficiency with effectiveness?

Examine the factors of concern so you can contribute accordingly:

• Days sales outstanding (DSO) and days payble outstanding (DPO)
• Payment terms / nature of cash flow
• Reporting accuracy and materiality
• Inventory, assets, and reconcilement control
• Dressing up the balance sheet at year- or quarter-end
• Fraud avoidance and Sarbances-Oxley
• Expense control

Reduce Corporate Risk and Ensure Timely Revenue Collection with Data Tokenization

Thursday, May 13th; 8:45 - 9:45 AM

Jeff Abrams - Financial Process Improvement Manager, Corporate Finance

Hill-Rom Holdings

Rick Ricker - VP, Business Development, Enterprise Payment Solutions

3Delta Systems

Presentation Style - Traditional PowerPoint

Field of Study - Business Management & Organization

Intermediate #1925 - New Session

Learn how Hill-Rom employed a data tokenization solution for its credit card data which significantly decreased its corporate risk in the event of a data breach and ensures timely revenue collection. Hill-Rom's analysis indentified a potential PCI liability of $4.5 million. Through a comprehensive payments evaluation, Hill-Rom determined that a data tokenization solution would allow them to exchange sensitive customer payment data with randomly generated tokens or aliases while safely and securely storing the card data at a third-party, PCI compliant data center. Hill-Rom can now process card-on-file customer payments with the card data out of their systems. Data tokenization also substantially decreased Hill-Rom's Payment Card Industry Data Security Standards (PCI DSS) scope of requirements.

• Gain an understanding of data tokenization.
• Learn how Hill-Rom successfully implemented a data tokenization solution.
• Discuss the specific benefits Hill-Rom achieved, including $4.5 million in corporate liability risk reduction through PCI compliance, using data tokenization as part of the strategy.
• Describe a framework for how other companies can implement a data tokenization solution to accomplish the same positive results.