Beyond the Nacha Deadline: The AP Fraud Controls Readiness Checklist

Your fraud policy is documented.  Responsibilities have been assigned.  Employees have completed their training.  But would your controls stop a fraudulent payment, and could you prove that they were consistently followed?  With Nacha’s expanded fraud-monitoring requirements now in effect, accounts payable teams need more than policies that look good on paper.  They need risk-based, repeatable, and auditable processes for identifying payments initiated through vendor impersonation, compromised communications, fraudulent bank-account changes, and other false pretenses.

During this webinar, our speakers will guide attendees through a practical assessment of the people, processes, technology, and documentation supporting their fraud defenses, from vendor onboarding and vendor master-data changes through payment approval and release.  Along the way, they will help attendees identify potential gaps, distinguish strong controls from controls that merely create a false sense of security, and develop a prioritized plan for strengthening their organization’s defenses.

What you’ll learn:

• Determine whether fraud procedures reflect actual workflows, not just written policie
• Identify the vendor events and payment scenarios that require heightened scrutiny
• Evaluate how vendor identities, TINs, sanctions status, and bank account ownership are validated
• Assess whether approvals, exceptions, and verification results create a defensible audit trail
• Prioritize the most important improvements based on risk, urgency, and potential financial exposure

Mark Brousseau
President, Brousseau & Associates 

Over the past 30 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Phil Binkow
CEO, Financial Operations Networks

Phil Binkow is CEO of Financial Operations Networks, developer of the InvoiceInfo and VendorInfo vendor portals. In 2002, FON founded The Accounts Payable Network, the leading training, certification and best-practice resource for individuals with management responsibility for accounts payable operations. Prior to starting Financial Operations Networks, Phil was CEO of PayTECH, one of the world’s largest invoice processing and spend analysis Software-as-a-Service companies.