Fraud Prevention for AP and AR

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

The article “Are Your Internal Team Members Collecting Your Required Vendor Documents?  It’s Risky” discusses the risks associated with collecting sensitive vendor information

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As fraud schemes grow more sophisticated, conventional safeguards are often bypassed.  During the last 90 days there were four fraud scams that highlight that not only do fraudsters know your

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Adding or changing a vendor requires the collection of sensitive information, which can introduce risks if handled by internal team members. These risks include outdated data and exposure of

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