Source One Management Services, LLC and have partnered to present "Cost Management; Eliminate Procurement Practices that Increase Costs and Risk" as an hour-long webcast on October 3, 2012, at 2:00 p.m. EST.  Instructors Bill Dorn of Source One and Richard B. Lanza of Cash Recovery Partners, LLC will address an audience of financial executives on the risks of common procurement practices and how they can lead to increased costs and risk for an organization. 

“Partnering with allows us to draw the attention of financial executives to the growing risks in their supply chains and how misconceptions can expose an organization to risk and excess costs. Our real-world examples demonstrate how supposed best practices are actually the worst practices for your business and will provide insight and tangible solutions to improving efficiencies and reducing risk,” said Bill, Vice President of Operations for Source One.

Based on over twenty years of experience in their respective industries, Bill and Richard will identify the difference between traditional "best practices" and actual procurement best practices that can lead to cost savings and reduced risk.  This course is specifically designed for CFOs, controllers, internal auditors, business owners, and business unit managers who should be examining their organizations' procurement practices for risk and potential fraud.

“As a leader in the fraud detection industry for over twenty years, I’ve seen the havoc imposed by traditional procurement practices. Webcast attendees will learn how to identify and prioritize the red flags of corruption and potential noncompliance as well as the reporting tools that, when properly applied, can help detect fraud,” said Richard, President of Cash Recovery Partners.

To register for this event, visit the CFO webcast page

CFO Publishing is a recognized news source by financial executives who visit for daily news, benchmarking tools, buyers' guides, special reports, and educational seminars. The website features educational webcasts on a variety of topics to help their readership learn about new accounting standards, recent capital-raisings, risk management, and professional career development. Recent online editions of CFO magazine are also available to visitors.
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Maddy Miller

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