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An Internal Control System to Combat Business Email Compromise - More Effective than the Confirmation Phone Call Alone

Includes 7 Tools & Templates So You Can Implement Immediately

Are you still receiving vendor information via email, fax, or hard copy? Then no security awareness training program or confirmation call will fully protect you from sending a fraudulent payment. Just ask cybercriminals who view Accounts Payable as a bank that has already sent them more than $55 Billion between October 2013 and December 2023 (FBI Alert Number I-091124-PSA). And it’s not slowing down. Accounts Payable is a special team that needs special processes to protect themselves, the vendor, and the company from payment fraud. You will learn an internal control system to avoid fraud when vendor remittance information is changed. Come away with a Fort Knox mindset and a process that is complete with the forms and scripts you need to implement today.

After this session participants will be able to:

Implement up to 6 steps to avoid fraud when vendor remittance details are changed based on requests received via email, fax, or hardcopy
Identify what validations are required to verify a vendor is real, their information is accurate, and in compliance with regulatory requirements
Customize and use the included tools and templates to implement authentication techniques, internal controls, best practices and vendor validations to improve their current vendor process.

To enroll in this training session:

1. Click the "PURCHASE" or "ACCESS" button above.

2. Attend Live: Click the link in the first section to register separately for the live training session(s).

3. Watch On-Demand: Access the recording and handouts sections.

Additional Information:

Session Recording: On-demand recordings will be available within 24 hours of the live session. The last recorded session will remain available until the next live session recording replaces it.
IOFM CEU Credit(s) is (are) earned for live, in-person or recorded sessions after the successful completion of the exam.
ACFE CPE Participant Credit(s) is (are) earned for live or in-person after the successful completion of the exam.
ACFE CPE Self-study Credit(s) is (are) earned for or recorded sessions after the successful completion of the exam.
Session Access: Access is available for one year from original enrollment date, or at the expiration of a Training Pass membership.
Prerequisites: None
Who Should Attend: This training session is for employees performing or managing the vendor setup and maintenance process. This includes adding and updating vendor records, as well as responding to vendor inquiries regarding vendor data included on the vendor record.
Advanced Preparation: None
Program Level: Beginner
Delivery Method: Group Internet, Self-Study, In-Person
Field of Study: Accounts Payable, Procure-to-Pay, Production, Fraud Prevention and Deterrence
Live Attendance: All students attending live sessions must log on within the first 20 minutes. Debra R Richardson LLC reserves the right to end any scheduled live training session after 20 minutes if no registered students have logged into the session.
Refunds and Cancellations: Requests for refunds must be received in writing. A full refund is available for any training session not attended or recording not viewed. Rescheduling to a future session is available at no cost up to one year after the original purchase. Vendor Process Training Pass Members will not be subject to a refund nor a cancellation fee as this session is included in the cost of the training pass, and the member will have access until the expiration date of the training pass. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 313-572-1598.

Download: Authentication Reference Template – Discover what it needs and how to use it to confirm you are communicating with your vendor and not a fraudster
Download: Vendor Banking Form Template – Learn why you need it and what you need to include to verify your vendor (and not a fraudster) completed it
Download: Global Vendor Validation Reference List – Review vendor validation resources for 100+ Countries and determine which validations are required for your company
Download: Confirmation Phone Call Scripts Template – Discover what to say, what not to say, and how to verify you are confirming with your vendor and not the fraudster
Download: Confirmation Log Template – Document vendor confirmation attempts to not lose sight of pending confirmations
Download: Desktop Procedure Template – Vendor Inquiries / Help Desk – Document your process for handling vendor inquiries and requests complete with standardized scripts for FAQs
Download: PDF of the Presentation

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Debra R Richardson LLC is registered with IOFM as a sponsor of continuing education credit for any Accounts Payable or Procure-to-Pay Certification. These Certifications are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge. IOFM holds final authority on the acceptance of individual courses.

Earned IOFM CEUs: 2

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Debra R Richardson is as Certified Fraud Examiner (CFE) through the Association of Certified Fraud Examiners (ACFE) and offers training to other CFEs. CFEs can earn both Participant Credit(s) and Self-Study Credits. Trainings offered fall under one of two categories acceptable by the ACFE: 1) ACFE Category > Fraud Prevention and Deterrence; and/or 2) NASBA Category> Production.

Earned ACFE CPE Credits: 2

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With over 20 years at Fortune 500 companies including Verizon, General Motors, and Aramark, she trains you and your team with the authentication techniques, internal controls, best practices and vendor validations to avoid fraud, fines and bad vendor data.

A Certified Fraud Examiner (CFE), Debra has extensive experience with many of the most prevalent ERPs, including SAP, PeopleSoft, NetSuite, Intacct and Munis, and have helped those in the private or public sector prevent internal and external fraud.

She serves on the NACHA ACH Network Advisory Board, is the Ask The Expert for vendor master file questions with IOFM, is the Chapter President for the Central Atlantic Region IOFM Chapter, and was named one of the Top 10 AP Influencers three years by the AP Association.

The BANK of AP: An Internal Control System to Combat Business Email Compromise

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Trainer

Debra R Richardson, MBA, CFE, APM, APPM, CPRS

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The BANK of AP: An Internal Control System to Combat Business Email Compromise

session description

session content

Trainer

Debra R Richardson, MBA, CFE, APM, APPM, CPRS

Follow Me on LinkedIn

pages

training

Policy Pages

get in touch

5 Steps to Improve Your Vendor Confirmation Call