APEX Analytix IPERA “Lunch and Learn” Session for Federal Finance Leaders to Focus on Prevention of Improper Payments

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Case studies from federal agencies and Fortune 500 companies will be featured at a July 19 event on the Improper Payment Elimination and Recovery Act. The session will be held at the Rayburn House Office Building in Washington, D.C.

A “lunch and learn” program covering the Improper Payment Elimination and Recovery Act (IPERA) is scheduled for July 19 in the nation’s capital and will focus on how federal agency officials can prevent and recover losses due to improper payments. The free event is hosted by APEX Analytix, an industry leader in recovery audit software and services.

This session will focus on tips for complying with the IPERA (PL 111-204), which requires agencies to reduce improper payments. Sixty percent of recoveries can be reallocated to meet current-year budget shortfalls.

Peter Tyler, a member of the professional staff for the Senate Homeland Security and Governmental Affairs Subcommittee on Federal Financial Management, will share IPERA success stories and provide insights on forthcoming improvements to existing legislation (S.1409) to include grants and 10 Recovery Audit Contractor (RAC) pilot programs.

Two Fortune 500 companies will also present. Dan Baker, accounts payable manager for UPS, and Anna Myers, accounts payable director for Computer Sciences Corp. (CSC), will share how they are using technology and internal controls to prevent improper payments and fraud. The two also will share tips for a successful payment recapture audit.

“IPERA represents a real opportunity for federal agencies,” says Jim Glover, APEX Analytix vice president of strategic government operations. “With a technology-based recovery audit, they can quickly recapture dollars that will benefit current-year budgets – helping to offset any shortfalls. Technology also makes it easier to analyze the root causes of errors, take steps to prevent future losses and report on the results achieved.”

The event is scheduled to begin at noon on July 19 in Room 2226 of the Rayburn House Office Building. Lunch will be included. From 1:30-3:00 p.m., participants will have an opportunity to meet with the presenters for an informal question and answer session.

APEX Analytix will provide documentation to support CPE credits for this session. To register or to find out more, contact Carolina Cely (ccely(at)apexanalytix(dot)com, 800.284.4522).

About APEX Analytix
APEX Analytix helps companies maximize their profitability and safeguard disbursements globally. Our innovative people, processes and FirstStrike® technology have transformed the audit recovery industry, saving our clients billions and making APEX Analytix the world’s leading provider of recovery audit, overpayment detection and risk analysis services. For more information, visit http://www.apexanalytix.com.

Keyword Tags:
APEX Analytix, accounts payable, continuous monitoring software, disbursements, federal budget, FirstStrike, fraud, improper payments, information technology, IPERA, procure-to-pay, recovery audit, risk analysis, shared services, budget shortfall.

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Linda Edgerton
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