Vendor Master File Fraud Prevention Strategies
In recent years, I’ve seen cybersecurity go from an afterthought to a very real risk in the corporate world. Cybercriminals go to work in an office every day, just like you and I do to con businesses out of their money. IT teams have responded to this threat with firewalls, system, and software controls, but Accounts Payable and Vendor Setup & Maintenance processes remain a weak point because we still must pay our vendors often using manual or partially manual processes.
What You Will Learn:
• How to identify fraudulent inquiries and requests received via email, text and phone
• How to avoid adding fraudulent vendors and data in your vendor master file
• What you should be doing to maintain existing vendor data in your vendor master file