Audio Conferences

  September 26, 2006 at 02:00PM ET

P-card programs continue to be embraced by management and AP professionals alike as a reliable tool for saving time and money. In fact, 2005 saw a 33 percent increase in monthly transactions per card—with a four-fold decrease in administrative cost per transaction compared to paper-based processes (source: RPMG Research).

However, a P-card program is only as effective as the internal controls put in place to support it. Program abuses such as employee misuse and various types of fraud—like data that is lost, hacked or improperly kept—often go undetected due to a lack of recordkeeping or ineffective review of cardholder activity.

Join IOMA and our expert faculty to learn best practices for auditing your P-card program—and creating the best foundation for growth!

What will be covered:

• Auditing case study: hear how Sherri Crabtree, Director of Ohio University’s P-card & Travel Office, successfully developed an effective and efficient auditing process
• Best practices to audit P-card programs
• How to develop regular reporting to monitor compliance
• The latest tips and new technologies to manage misuse
• How to bring people and processes together and get all the departments working in sync
• Learn how to identify, record, assess and evaluate procurement card controls and procedures

Featured Faculty

Michael O’Malley
Marketing Manager, GE Corporate Payment Services

Michael O’Malley has more than 20 years of experience in the technology and financial marketplaces. He has worked for GE for 10 years in corporate payment processing and computer leasing. He has helped develop and launch corporate card products and services including a travel rewards program, the large corporate market’s first euro-denominated card, vPayment, a “wired” payment product, and the GE Payroll debit card.

Sherri Crabtree
APM Director, Ohio University’s P-card & Travel Office

Sherri Crabtree has more than nine years of procurement experience in higher education that includes a buying position in Purchasing and director positions in Pcards, Accounts Payable and Travel. She built a benchmark Pcard program at Ohio University that is highly praised for its intensive audit program and best practice controls. She is a much-requested speaker at national conferences and has been an influential member of GE's customer advisory board, particularly with developing their controlled value card.