When: August 7, 2019
Time: 1:00 p.m. EST (noon CST; 11:00 a.m. MST; 10:00 a.m. PST)
Where: Your office
Information about The Master Vendor File Validations Best Practices webinar can be found here.
Until recently, one of the often-overlooked areas in accounts payable, was related to the master vendor file; specifically, the data that was entered without any verification whatsoever. However, the recent spate of new electronic payment frauds highlighted the very real danger of entering information without verifying it.
That’s why we’ve invited Debra Richardson to share her considerable expertise on how validations should be conducted and where to get the information you may need to complete these data validations.
After this session, you will be able to:
Create best practice processes for validating critical vendor data
Identify the 11 vendor validations and know how to perform them
Explain the reasons for these validations to management
Craft practices to validate bank data collected
Recognize other considerations that need to be taken into account when setting up vendors
Bonus: Each attendee will receive their own Vendor Validation Reference sheet, which contains links to or information about 24 different items. While most won’t use all the links, everyone will benefit from at least nine of them.
Program Level: Intermediate
Advance Preparation None
Format: Group Internet-Based (Webinar)
CPE Credits 1.0
About our Expert: Debra Richardson, Owner, Debra R Richardson, LLC, 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 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 authentication techniques, internal controls and best practices to prevent fraud in the vendor master file.
Debra now focuses on helping accounts payable teams protect the vendor master file from fraud.
CRYSTALLUS Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.