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ASUG: Plugging Leaks in SAP Accounts Payable

Fraudsters are constantly trying to infiltrate supply chains.

Date:
Time:

June 24, 2020

1:00pm EDT

Speakers:

• Danny Thompson, SVP, Market & Product Strategy at apexanalytix

• Joni Geurts, Director, Director of Accounts Payments, Fraud at JetBlue Airways

Joni Geurts, Acting Director, Payments at JetBlue Airways, tells her story of joining the AP department, found she couldn’t get the information she needed about suppliers, and uncovered solutions to address the company’s risk of duplicate payments, fraud and regulatory fines. She elaborates on how fraudsters are constantly trying to infiltrate their supply chain, ways suppliers are creating unwanted duplicate invoices, and compliance requirements with $650k fines attached to them. (Hint: She found apexanalytix.)

The discussion will focus on:

• What keeps the AP team up at night: duplicate payments, fraud, & fines

• How duplicate invoices slip through SAP but can still be caught before payment

• Why a supplier on-boarding portal with automated bank account ownership validation will replace callbacks and eliminate payment fraud

• Technology and process improvements that ensure supplier compliance and stop fines

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