Best practices for vendor fraud prevention

January 16, 2020


Q.¬†What are some of the best practices the panelists have deployed to control vendor bank add/changes to prevent fraud? I was hoping IOFM could share some information with the advisory panelists and also ask the panelists to share best practices for vendor banking adds/changes with the group. I believe we can all learn from one another to ensure we have the most appropriate levels of control to mitigate and ultimately prevent fraud. Cyber threats are on the rise and Accounts Payable departments…

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