Vendor and supplier risk management can be tricky—how do you “grade” vendors and suppliers? How do you ensure that contracts are being adhered to? How do you empower your organization’s resources when it comes time for negotiating? Effective data utilization is a crucial component of vendor and supplier risk management, because it provides valuable data points into contract adherence and other vendor evaluation criteria. In our interactive presentation, you will learn how to Recover Lost Revenue Using Vendor Audit Analytics.We will walk through an example where data analytics was used to identify newly recognizable revenue for a client, by leveraging vendor sales data, purchasing data, and contract information. We automated the contract audit and helped ensure that negotiated costs structures were being followed -- and when they weren’t -- we recovered (otherwise) lost revenue. We also fixed future transactions, and quickly discovered negotiation opportunities.Learning Objectives: • Gain a basic understanding of the value of data visualization & in-memory reporting for vendor management• Learn how to apply advanced data analysis & data integration to traditional supplier / contract audits• Learn how to automate transactional or “data heavy” audits using data analysis tools like QlikCost: ISACA Members: ComplimentaryNon-Members: $25Students and Individuals in Transition: ComplimentaryAgenda: 2:30-3:00 - Networking & Hors D'Ouvres3:00-5:00 - CPE Learning SessionCPE Credits: 2CPE Subject Area: Computer ScienceProgram Level: BasicPrerequisite Knowledge: NoneProgram Delivery Method: Group-liveCPE Note: Chapter meeting presentations are designed to benefit members of all skill levels. No advanced preparation or prerequisites are required.ISACA - Chicago chapter is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.Cancellation Policy: In the event the ISACA–Chicago Chapter (the "Chapter") cancels a program, seminar or course, registrants who have prepaid will receive a full refund. In the event a registrant cannot attend a program, seminar, or course, the Chapter requests notification two (2) weeks prior to the date of the event. Generally, the Chapter does not charge registrants a cancellation fee or penalty. However, at its discretion, the Chapter may assess a fee up to the full amount of the registration fee for “no-show registrants” to offset Chapter expenses related to the event. Substitution of another individual for a confirmed registrant will be accepted at any time prior to the date of the event. For more information regarding refund, complaint and program cancellation policies, please contact us at email@example.com.
Thursday, November 17, 2016 2:30 PM - 5:00 PMCentral Time
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