Putting the AP in hAPpy
A weekly podcast providing fraud prevention and vendor setup training to protect the vendor master file. Immediate takeaways with actionable steps you can implement today into your vendor onboarding and maintenance process to reduce fraud and regulatory fines. Great tips for the Accounts Payable and Procurement teams to clean-up their vendor data, clean-up their vendor processes so that they can pay the right vendor.
Putting the AP in hAPpy
Episode 32: 4 Vendor Maintenance Fraud Prevention Tasks That Can Be Automated Using RPA
In my last two blog posts “Check Payment Method? Still Needs to be Protected from Cybercriminals” and “4 Steps to Protect Your Vendors Banking from Being Changed by a Cybercriminal Includes a Critical Step Most Companies Leave Out” I identified additional steps that will need to be done when making changes to existing vendor data. In fact, many of the fraud prevention techniques I recommend to protect the vendor master file from fraud require additional steps. And, since less than 30% of Accounts Payable (AP) Vendor Maintenance teams have a vendor self-registration portal, these additional tasks are manual and are added to an already manual or mostly manual Vendor Setup & Maintenance process. RPA to the rescue.
Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication, internal controls and best practices to it from fraud.
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Links mentioned in the podcast:
- Read the Blog: https://www.debrarrichardson.com/blog/4-vendor-maintenance-fraud-prevention-tasks-that-can-be-automated-using-rpa
- AUTHENTICATION. VALIDATION. MANAGEMENT. TM eGuide or Toolkit
- RPA Tools & Vendors provided by AI Multiple.com. Click here for a list
- Blog: Check Payment Method? Still Needs to be Protected from Cybercriminals”
- Blog: 4 Steps to Protect Your Vendors Banking from Being Changed by a Cybercriminal Includes a Critical Step Most Companies Leave Out
- More ideas? Email me at debra@debrarrichardson.com