Episode 4: 3 Scary Vendor Setup Scenarios: How to Protect Your Vendor Master File from Fraud

How do you handle these 3 “scary” vendor setups?

  1. Urgent New Vendor Setup or Vendor Change with No Supporting Documents

  2. Vendor Name Change

  3. Payments Outsourced AR to a 3rd Party Vendor

Listen for my recommendations. Revise/Adjust based on your company processes and industry requirements.

Vendor Setup & Maintenance Additional Resources: 

 Music Credit:  www.purple-planet.com

#stayhAPpy #puttingtheAPinhAPpy #vendorsetup #vendoronboarding #accountspayable

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Debra R. Richardson,

MBA, APM, APPM, CPRS

Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.

For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five Accounting Systems/ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.