So your vendor notifies you that they have entered into a factoring relationship with a 3rd party and now you have to remit your vendor’s payments to them.  Now what? Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned in the podcast + other helpful resourc ..read more

Do you need strong methods for verifying vendor banking details to avoid fraud and returned payments? Spot warning signs, set up validation procedures and learn how automation is the key to reducing risks and issues in manual vendor banking validations.    Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand tr ..read more

Instant Payments are here and the FedNow® Service is now available with this new payment rail.  Hear 5 quick facts I learned when I recently attended a meeting where this service was the presentation topic.  I was surprised.   Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.  ..read more

There are two vendor forms that are critical to avoid fraud, fines and bad vendor data.  Each will have its own episode explaining why it is critical and what data to collect on the form and why.  The second form is the Vendor Banking Form.      Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-deman ..read more

There are two vendor forms that are critical to avoid fraud, fines and bad vendor data.  Each will have its own episode explaining why it is critical and what data to collect on the form and why.  The first form is the Vendor Setup Form – with a twist.   Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand traini ..read more

When was the last time you reviewed your security roles and what access is included?  Reduce the potential for fraud by restricting who has access to your vendor data.  Why?  Because the less non-vendor team members that have access to sensitive data, the less potential for them to be social engineered into giving it away - resulting in fraud.  Discover how the vendor team can implement a security audit with minimal IT input - in 5 steps.   Keep Listening.   Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, inte ..read more

If you are worried that artificial intelligence will take your job that’s a sign that you need to take control and flip that around.  Use Artificial Intelligence tools to keep your job!    Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.  Links mentioned in the podcast + oth ..read more

I recently spoke at an in-person conference and while there I attended a session where an accounts payable practitioner revealed what they are doing when making the confirmation call that surprised other attendees – me included.   Keep Listening.   Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team ..read more

I now have access to the newest ChatGPT / GPT-4o, the “Omnimodel”.  The capabilities of this new model triggers reminders to the vendor team to not expose vendor data that can lead to fraud while using this technology.  Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.  &nb ..read more

You may be getting some help from banks finally on avoiding fraudulent payments.  Hear what new Nacha rule is behind it, when it will go into effect, and what to look for, so….. Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.   Links mentioned in the podcast + other helpf ..read more