Fraud Prevention for AP and AR

By Debra R. Richardson

Organizations invest in fraud detection software expecting it to identify suspicious vendor activity, prevent fraudulent payments, and strengthen internal controls. However,

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Fraud attempts are growing larger and more frequent, according to IOFM’s year-long study of more than 600 AP teams.

In Summer 2025, just over half of survey respondents said fraudsters had

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Payment fraud often starts with an email that looks routine and legitimate. For vendor teams, every banking change, remittance update, or contact change deserves careful review. This article explains

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As finance professionals at organizations have successfully increased their defenses with multi-factor authentication (MFA), comprehensive phishing awareness training, and rigorous verification

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Vendor onboarding is often treated as an operational process; collecting IRS W-9 and remittance information, performing the required validations and finally creating the vendor in the vendor master

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As many of your organizations receive CP2100/CP2100A notices, returned mailed recipient statements, or notifications of undeliverable electronic recipient statements, you are reminded that even

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Course type: Self-study | On-demand

Registration fee: $375 per learner

IOFM CEUs available: 3

Estimated learning hours: 2-4

Technology Requirements: Most updated version of

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The Automated Clearing House (ACH) network is the backbone of the U.S. financial system, moving trillions of dollars annually through direct deposits, bill payments, and business transfers. There

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The fraud landscape facing AP teams has fundamentally shifted. According to IOFM's latest survey of 150+ AP leaders, fraud attempts have nearly doubled in six months, jumping from 33% to 58% of… Read More