The Mosaic Company Case Study: “Business As Usual” Creates Overpayments - I Don’t Have Time to Find Them All, But You Do

In her ten years at The Mosaic Company, Laureen Stephens, currently EBS/North America Shared Services Accounts Payable Manager, has focused on improving processes and controls in procure-to-pay.  Part of her strategy is to bring apexanalytix in to conduct a recovery audit.  “You find what we don’t catch,” says Laureen - over $3M to date.  Laureen also relies on the detailed reporting from the recovery audit process to help identify the control gaps that are causing the errors – in areas like pricing errors, returns, material POs, service POs, and more.

Tune in to this webinar and learn:

• How errors occur in the normal course of running a $12.4B mineral production business.
• Why Mosaic shifted from an internal supplier statement reconciliation process to a third-party recovery audit.
• How Laureen manages the time and effort of the Mosaic side of the recovery audit partnership.

The webinar will be co-presented with Pete Erdner, apexanalytix Vice President, Commercial Operations.

Mark Brousseau
President, Brousseau & Associates 

Over the past 30 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Laureen Stephens
Accounts Payable Manager – EBS/North America Shared Services, The Mosaic Company

Laureen has 30+ years of management experience ranging in various fields such as medical, retail and banking.  She is from Bloomington, Minnesota, but now lives in the sunny state of Florida.  She sings in her choir at church as well as in a women’s trio ensemble and has traveled with both in ministry.   Laureen has two daughters who are both married; she is blessed with three wonderful grandchildren who adoringly call her “LaLa”.

Pete Erdner
VP, Commercial Audit Operations, apexanalytix

As Vice President, Commercial Audit Operations, Pete leads the apexanalytix commercial audit division and works directly with clients on strategic client audits.  His team is responsible for the oversight, management, and client satisfaction of commercial audit engagements.  His goals are to ensure audits are completed timely, that they meet or exceed revenue expectations and performance objectives, and they deliver client value in recovered monies and enhanced internal controls.

Pete has been in Operations for over 24 years, the past 20 in management.  Prior to joining APEX, Pete’s career experience includes public accounting, tax preparation and auditing.  Pete holds a BA in Corporate Communications with a Business Administration Minor from Elon University.  Pete is also a Certified Public Accountant and a member of the AICPA, NCACPA, IIA.