6 Proactive Steps to Understand and Prevent Commercial Fraud
Robert Shultz Overview:
Today’s technology, the increasing speed of commercial transactions, and the global business environment are a ripe combination for fraudsters to take advantage of companies with poor, or outdated processes and controls.
Commercial fraud takes many forms that will be discussed, along with actions that can be taken immediately to mitigate the growing risks.
Why you should Attend:
It is critical for companies to prepare managers and staff with the knowledge to recognize fraud before their company becomes a costly victim. This is particularly true for Accounts Receivable risk.
This session will cover common types of fraud and the protective actions that can be put in place to prevent it.
Areas Covered in the Session:
- Identifying and Preventing Payment fraud
- Actions When Illegal Bult Transfers Occur
- Processes to Prevent Fraudulent Orders and Shipping Locations
- Preventing Victimization by Breakouts
- Techniques and Strategies to Know Your Customer (KYC)
- Compliance with Embargo, Anti- Money Laundering, and Other OFAC Requirements
Who Will Benefit:
- Staff and Management Responsible for a Company’s Treasury, Credit and Collections, Accounts Payable, and Compliance
Speaker Profile
Robert S. Shultz has had a forty-year career as a credit and financial executive and consultant working with mid-size to large global corporations in numerous industries and countries.
In his last corporate role, he was the Corporate Vice President of Credit and Customer Finance for Sony Pictures Entertainment, (SPE) He had responsibility for all order-to-cash activities, including billing, credit, collections, and accounts receivable management. This encompassed all business units globally.
In 2001 he became a Founding Partner of Quote to Cash Solutions (Q2C) LLC, a consulting firm that focuses on quote-to-cash cycle improvements, skill training, education, and expert witness support in credit and bankruptcy cases.
Robert has proven results in helping clients improve their quote to cash processes, and policies, leading to increased liquidity, reductions in accounts receivable dilution, and effective deployment of automation, outsourcing, and the internal support organization.
Robert is a frequent speaker, writer, and trainer on in all aspects of the quote-to-cash process and related management roles.
As a member of the Editorial Board of the Credit Today Newsletter he has been a regular content provider.
He serves on the UCLA Extension Advisory Board which established the Credit Analysis and Management Certificate program. He is an Instructor for two of the classes, Credit Analysis, and Portfolio Risk Analysis.
Robert is currently the Chairman of the Financial Executive Networking Group (FENG) Credit Management Special Interest Group.
He is a past Chairman of the Board of Directors of the Credit Management Association (CMA) and later served on the Board’s Advisory Committee. In addition to that role, he was an active volunteer for the National Association of Credit Management (NACM) and Credit Research Foundation (CRF) activities and was a member of the Dun and Bradstreet National Advisory Group.