3 Reasons Why it Should Take Longer to Add a New Vendor or Change an Existing Vendor

April 15, 2019


Question: Why did the fraudster cross the road to Accounts Payable?  Answer:  (In the Podcast) Today I want to talk about the fact that setting up a vendor or changing an existing vendor will take longer than it has in the past and why should.   

Check out my website if you need help cleaning your vendor master file or protecting it from fraud.   

Subscribe today to be entered into the subscriber only monthly drawing to win a free Putting the AP in hAPpy Coffee Mug. 

Blog Post:  “Send a Notification to Vendors After Updates in the Vendor Master File”

Kip Boyle’s book: “Fire Doesn’t Innovate: The Executive’s Practical Guide to Thriving in the Face of Evolving Cyber Risks” 

Here is one published this week where a City Treasurer wired $128K to a fraudster.

eGuide: 3 Step Vendor Setup and Maintenance Process – Authentication. Validation.  Management.  

Music Credit: www.purple-planet.com 

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Featured Speaker: 

debra-richardson.jpg Debra R Richardson, MBA, APM, CPRS
Owner, Debra R Richardson, LLC
President, Oklahoma Central Region IOFM Chapter
Accounts Payable Speaker | Consultant | Trainer
www.debrarrichardson.com | [email protected]

Debra-R-Richardson-logo.pngDebra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.

For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.

Debra now focuses on protecting the vendor master file from fraud.

She hosts a weekly podcast: “Putting the AP in hAPpy”.

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