session description

Are You A Public Sector and Not Sure if you are performing all required vendor validations? Do you want to know which validations can prevent payment fraud?

Validating vendor information is critical to avoid regulatory fines, payment fraud and bad vendor data. Walk through 18 vendor validations and understand which are required for public sector entities to avoid regulatory fines and which are recommended to avoid payment fraud and bad vendor data. Vendor validations reviewed include vendor tax identification numbers, addresses, sanctions lists and banking information along with explanations for why the validations are required or recommended. Attendees will receive a Vendor Validation Reference List with Resource Links with 28 potential resources for the 18 validations reviewed. 

Immediate Takeaways:

• Understand 18 vendor validations and when they are required to be performed
• Immediately implement validations to avoid regulatory fines, payment fraud and bad vendor data
• Know how to identify hidden vendors in your vendor master file that are Non-US which require additional validations
• A copy of the Vendor Validation Reference List with Resource Links to customize and share with your team!