The Authentication.Validation.ManagementTM is a 3-Step process for vendor setup and maintenance can help reduce the potential for fraud, regulatory fines, and bad vendor data. Learn 5 Authentication Techniques, 26 Validation Resources, 27 Internal Controls and 17 Best Practices with immediate takeaways to implement now whether you have no clearly defined process, a paper/electronic form, or a vendor self-registration portal.

In this interactive in-person workshop, you will be guided to document your own process, then walk through what and where to add in authentication techniques, internal controls, and best practices to avoid fraud, regulatory fines and bad vendor data. You will emerge with a comprehensive set vendor of processes specific for your company to include onboarding new vendors, changing existing vendors, collecting, and validating vendor banking and maintaining vendor information in your vendor master file. When you are done you will have customized processes and reference documents to support the changes you know you need in your vendor setup and maintenance process.

Learning Objectives:

• Authentication – Create your Authentication Reference to reduce fraud risk when communicating with vendors or when collecting documents for vendor adds or changes to your Vendor Master File.
• Validation – Customize you Vendor Validation Reference List specific to your company and industry. Include what validations are required ensure your vendors are real and the data is accurate before adding vendor data to your Vendor Master File.
• Management – A customized step by step process to manage the vendors in your Vendor Master File to keep the data accurate.