Available on Demand
Today, risk to your institution can come from anywhere. The procurement processes, and the supplier relationships inherent in them are no exception. In the past, you could rely on internal controls to manage rogue spend, and on simple sourcing due diligence to identify potential supplier risk. However, itís no longer sufficient to rely on risk measures focused primarily on evaluating supplier financial stability and collecting insurance certificates. New risk and compliance drivers such as OCC 2013-29, the Foreign Corrupt Practices Act, and the impact of supplier actions on brand reputation have changed the game by expanding the risk profile of supplier relationships dramatically.
View on Demand: American Banker and SciQuest in an interview with industry risk expert Robert Shecterle to explore the internal and external impact of procure-to-pay and supplier risk on financial institutions including:
- Important risk elements of Procure-to-Pay processes
- The impact of new regulations on supplier relationships
- Key external supplier risk factors and how to address them
- How to balance internal vs. external risk
- The role of technology in effectively managing Procure-to-Pay risk
CEO, Lighthouse Software Strategies
With more than 25 years of experience in solution strategy and advisory services, Bob Shecterle has engineered the design strategies, go to market approaches and product launches of some of the industry's most notable risk management, spend management and supply chain solutions from vendors including Oracle, PeopleSoft and Ariba. He has been on the board of directors of the Supply Chain Council, and was named a "Pro to Know" by Supply and Demand Chain Executive Magazine in 2004 and 2013. In addition, as the leader of the global trade risk, sustainability, supply chain and spend management research practices at the Aberdeen Group, Mr. Shecterle has been an industry researcher, advisor and evangelist. He has presented on topics of risk, regulatory compliance, and spend management issues affecting multiple industries including financial services, pharma, high tech and diversified manufacturing. His work has influenced the direction of entire solution segments, and helped users chart their automation and solution deployment strategies.
***There is a Q&A Session at the end of the presentation.