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 payment fraud, regulatory fines and bad vendor data. 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 378: 3 Reasons Why I Don’t Recommend ACH Prenotifications To Avoid Payment Fraud Or For Nacha Fraud Monitoring Compliance
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You may already be sending pre-notes when vendors submit banking for an ACH payment method, or maybe you’re thinking about it as a way to comply with the upcoming Nacha rule. Here’s why pre-notes don’t help to prevent fraud and are not recommended for Nacha compliance.
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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor data. Check out the Vendor Process Training Center for 173+ hours of weekly live and on-demand training for the Vendor team.
Links mentioned in the podcast + other helpful resources:
- Nacha: RISK MANAGEMENT TOPICS – (Fraud Monitoring Phase 1) https://www.nacha.org/rules/risk-management-topics-fraud-monitoring-phase-1
- Free Nacha Compliance Webinar: Last Minute Compliance: 3 Ways To Meet Nacha’s ACH Fraud Monitoring Rule Before the Deadline! https://attendee.gotowebinar.com/register/7321756135093063258
- Customized Vendor Validations Session: https://debrarrichardson.com/vendor-validation-session
- Free Download: Vendor Validation Reference List with Resource Links https://debrarrichardson.com/vendor-validation-download
- Vendor Process Training Center - https://training.debrarrichardson.com
- Customized Fraud Training: https://training.debrarrichardson.com/customized-fraud-training
- Free Live and On-Demand Webinars: https://training.debrarrichardson.com/webinars
- Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
- YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
- More Podcasts/Blogs/Webinars www.debrarrichardson.com
- More ideas? Email me at debra@debrarrichardson.com
- Music Credit: www.purple-planet.com