Episode 83: Are Your Vendor Processes Manual? Here Are Automated Options for Authenticating Vendor Bank Change Requests

I know that due to recent events many of you are putting in extra effort to convert check payment vendors to ACH/EFT. Well, Cybercriminals also know and are taking advantage. Think.Digital Partners have reported that hackers attacked the world’s businesses 22 million times between April 13th and April 19th. This episode I talk about ways you can automate authentication to avoid fraud when you are using a manual process to update your vendor bank details. What do I mean by that?

Keep listening.

Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls and best practices to prevent fraudulent payments.

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Links mentioned in the podcast:

• On-Demand Webinar: Protecting Vendor Bank Details When Changes Are Received via Email - Beyond the Phone Call
• Think.Digital Partners: https://www.thinkdigitalpartners.com/news/2020/04/21/hackers-attacked-the-worlds-businesses-22-million-times-in-the-last-7-days-alone/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Get ready for that AP Automation project with the 5 Day Vendor Master File Clean-Up.
• Prevent Fraudulent Payments. Get Your Own Copy of the 3 Step Vendor Setup and Maintenance Process eGuide.
• More Podcasts/Blogs www.debrarrichardson.com
• More ideas? Email me at [email protected]

Music Credit: www.purple-planet.com