Get training to avoid fraud, fines and bad vendor data
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3 Step Vendor Setup & Maintenance process Workshop - Specialist certificate
Session Description
The vendor master file in your Accounting System or ERP is the foundation of the purchase to order process. It requires vendor records to be set up and maintained with accurate data and in a manner so that invoices can be posted correctly, payments can be made successfully, and related tax reporting is valid. Preventing fraudulent payments is most relevant in the vendor setup and maintenance function as fraudsters target the vendor team to submit fraudulent payment details to divert legitimate vendor payments. This training workshop is a foundation for vendor setup and maintenance processes to reduce the potential for fraud, regulatory fines, and bad vendor data. The focus is comprehensive, including onboarding new vendors, changes for existing vendors, collection of vendor banking and other sensitive data, vendor privacy considerations, and tips to keep a clean vendor master file. Authentication Techniques, Internal Controls, Best Practices and Vendor Validations work whether you have no clearly defined process, a paper/electronic form, or a vendor self-registration portal.
After session, participants will be able to:
Live Session: Limited to 25 attendees. Some dates may not be available to attend live.
To enroll in this training session:
After session, participants will be able to:
- Identify 5 Authentication Techniques to confirm the identity of the requestor
- Identify 29 Internal Controls to add to the vendor process to avoid fraud, regulatory fines and bad vendor data
- Identify 17 Best Practices to add to the vendor process to avoid fraud, regulatory fines and bad vendor data
- Identify 18 Vendor Validations to confirm that the data entered on the vendor record is accurate and not fraudulent
- Discover an 8-step process to clean the vendor master file
Live Session: Limited to 25 attendees. Some dates may not be available to attend live.
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.
Vendor Process Specialist Certificate
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 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.
Vendor Process Specialist Certificate
- Exam Required: 24 Questions / 80% to Pass
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Download: Authentication Reference - TEMPLATE
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Download: Vendor Validation Reference List - TEMPLATE
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Download: PDF of the Presentation
Published! Small Business Association of Michigan's Focus Magazine September/October 2025!
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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: 4
Earned ACFE CPE Credits: 4
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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: 4
Earned IOFM CEUs: 4
Session Content
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