A weekly podcast providing fraud prevention and vendor setup training to protect the vendor master file. Immediate takeaways with actionable steps you can implement today into your vendor onboarding and maintenance process to reduce payment fraud, regulatory fines and bad vendor data. Great tips for the Accounts Payable and Procurement teams to clean-up their vendor data, clean-up their vendor processes so that they can pay the right vendor.
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Episode 401: The IRS FIRE System’s Final Chapter: What 1099-NEC and 1099-MISC Filers Can Still File and When
Send us Fan Mail There is still time to process tax reporting files in the IRS FIRE system. For 1099-NEC and 1099-MISC filers, if you want to know what you can file and the deadline you need to file before the FIRE system is retired…. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to…
Episode 400: Employee Makes $6M From $15M in Stolen Funds. Do They Get To Keep It?
Send us Fan Mail An internal employee stole close to $15M from Bridgestone over 4 years and through investments, made and additional $6M. Did they get to keep it and the way the internal fraudster was caught after they left the company. And what question should you ask of your vendor process? Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication…
Episode 399: 11 Signs It’s Time To Clean Your Vendor Master File
Send us Fan Mail If these 11 things are happening, they are signs it’s time to review the data in your vendor master file. What are the 11 signs? Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor data. Check out…
Episode 398: Do You Manage The Vendor Process? Start Here to Build Controls, Manage Risk and Maintain Accurate Vendor Data
Send us Fan Mail Being a Vendor Process Manager is a little like being a referee, detective, and data janitor all at once. In this episode, we'll cover the key priorities that help you reduce risk, improve compliance, and clean up vendor chaos. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best…
Episode 397: 4 Reasons Why This Statement “My Accounting System Catches Duplicates” Is Wrong
Send us Fan Mail If you think you don’t have to worry about duplicate vendors because your Accounting System or ERP catches them – just know – that you probably have duplicate vendors. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments,…
Episode 396: Build a Fraud Response Plan So You Know What To Do If A Fraudulent Payment Happens – In 5 Steps
Send us Fan Mail Do you and your team know what you need to do if there is a fraudulent payment? If you want the five steps that are probably not in your IT team’s fraud response plan…… Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments,…
Episode 395: Your Vendor’s Validations Were Successful - So Why Could It Still Be Fraud?
Send us Fan Mail Many organizations have as part of the vendor validation process to verify vendor’s information against state business registrations, IRS TIN Match records, and bank records. If validations are successful that information is trusted and payments are made. Fraudsters are now taking advantage of this trust. How?.... Keep listening. Check out my website www.debrarrichardson.com if…
Episode 394: Your Vendor’s Bank Routing Numbers Do Change – 3 Ways You Find Out Before Nacha Fines or Returned Payments
Send us Fan Mail Banks merge, get acquired or fail – often. This is not something your vendor normally makes their clients aware of, so if you want three ways to find out before fines or returned payments….. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for…
Episode 393: 5 Reasons to Establish a Vendor Process Audit
Send us Fan Mail Organizations put processes in place when adding new vendors and changing existing vendor information to avoid fraud, regulatory fines and bad vendor data. But are they being followed? Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent…
Episode 392: Nacha Fraud Monitoring Rule Compliance for Non-Consumer Originators - Now Everyone Must Comply
Send us Fan Mail Phase 2 of the Nacha Fraud Monitoring Rule for ACH initiators is here and now everyone has to comply. What are the requirements and are you ready? Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor…
Episode 391: An Article on the Deepfake CEO Call Confirms Why Cybersecurity Awareness Training Is Not Good Enough for AP / Vendor Teams
Send us Fan Mail An article outlines what’s wrong with traditional cybersecurity awareness training against today’s fraudsters but misses the mark on the resolution to evolving fraudster tactics. Let’s fill-in the gaps. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential…
Episode 390: Don’t Miss The August 1st Deadline for Filing 1099 Corrections & 2 Ways To Avoid IRS Penalties
Send us Fan Mail The August 1st deadline for filing 1099 corrections is closer than you think—and missing it could cost your company in IRS penalties. In this episode, I’m breaking down which errors demand immediate correction, which ones may not, and the two options to reduce or avoid unnecessary fines. So, to know exactly what to fix, what to ignore, and how to protect your organization before…
