IPERA represents a real opportunity for federal agencies, especially when they speed the recovery process with a technology-based audit.
Greensboro, NC (PRWEB) February 14, 2013
A “lunch and learn” program today in the nation’s capital will cover the Improper Payment Elimination and Recovery Act (IPERA) and 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.
The program will feature specific case studies and tips for complying with IPERA, a recently updated law that requires agencies to reduce improper payments. Sixty percent of any past overpayments identified and recovered can be reallocated to meet current-year budget shortfalls.
Among the presenters are representatives from Boston Scientific and SunTrust Bank – two corporations known for their best-in-class recovery programs. Scott Christensen, director of global business services for Boston Scientific, and Lisa Miles, vice president of accounts payable for SunTrust Bank, will share lessons learned and explain how they are using technology and internal controls to prevent improper payments and fraud.
An IPERA 2 Leadership Panel will share success stories and lessons learned from overpayment recovery and prevention initiatives in the federal arena. Panelists include Peter Tyler of the Senate’s Homeland Security and Government Affairs Committee and Ben Rhodeside, Legislative Assistant to the House of Representatives.
“IPERA represents a real opportunity for federal agencies, especially when they speed the recovery process with a technology-based audit,” says Jim Glover, APEX Analytix vice president of strategic government operations. “By shortening the audit cycle, they can quickly recapture dollars that will benefit current-year budgets and help them offset any shortfalls. Technology also makes it easier to analyze the root causes of errors, make improvements to prevent future losses and produce the extensive reports required on the results they’ve achieved.”
The APEX Analytix IPERA event is scheduled for noon to 1:30 p.m. in Room B340 of the Rayburn House Office Building. Lunch will be included. From 1:30-3:00 p.m., participants will have an opportunity to network with their peers and to meet with the presenters for an informal question and answer session.
APEX Analytix will provide participants with documentation to support CPE credits, as well as instructions for submitting the information to the American Institute of CPAs or other certifying organizations.
About APEX Analytix
APEX Analytix helps companies maximize their profitability and safeguard disbursements globally by recovering lost profits, preventing future errors and improving their operations. 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.