4 Vendor Maintenance Fraud Prevention Tasks That Can Be Automated Using RPA

May 28, 2019

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In my last two blog posts “Check Payment Method?  Still Needs to be Protected from Cybercriminals” and  “4 Steps to Protect Your Vendors Banking from Being Changed by a Cybercriminal Includes a Critical Step Most Companies Leave Out” I identified additional steps that will need to be done when making changes to existing vendor data.  In fact, many of the fraud prevention techniques I recommend to protect the vendor master file from fraud require additional steps.  And, since less than 30% of Accounts Payable (AP) Vendor Maintenance teams have a vendor self-registration portal, these additional tasks are manual and are added to an already manual or mostly manual Vendor Setup & Maintenance process.  RPA to the rescue.

Check out my website if you need help cleaning your vendor master file or implementing authentication, internal controls and best practices to 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.  

Links mentioned in the podcast:    

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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