Putting the AP in hAPpy

Send us Fan Mail Have you ever thought about outsourcing your vendor payments?  Want to know what is involved and what you need to look for?  Get educated with Mark Penserini from Corpay about what 3rd Party Payment Solution providers can do for your payment process.  Then find out what else they can do that I agree with but may have you sweating…initially…. Keep listening.  Check out my website w...

Send us Fan Mail If your company is a US entity, then there are at least five free validations that you should be doing when you onboard vendors.  Three of the five can help you with 1099 and 1042 distribution and filing – which ones are those? Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques,...

Send us Fan Mail Are you just starting to clean your vendor master file in preparation for distributing and filing 1099s and 1042s?  I have some tools and resources that may help you validate vendor data, find missing vendor data, and identify duplicates– so….  Keep listening.   Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authenti...

Send us Fan Mail Do you know your Business Email Compromise history?  From “pig in a poke” to today, my guest Darrell R James a former FBI agent is here to talk business email compromise scams. If you want to know what “pig in a poke” means (and how many hundreds of years ago it was) and more…… Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor mas...

Send us Fan Mail Don’t know what to buy that team member for the holiday party?  Or want to buy gift cards for that membership group?  Especially around the holidays, gift card scams make their rounds - always with at least one new twist.  I have 5 gift card scams trending today and I am saving the one I didn’t know about for last…..  Keep listening.  Check out my website www.debrarrichardson.com...

Send us Fan Mail Do you have any Segregation of Duties conflicts?  No? You sure?  Here is one area that you may not recognize that may reveal a Segregation of Duties conflict.   Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent paymen...

Send us Fan Mail This week is International Fraud Awareness Week and so very fitting – I am going to share an experiment from a company that wondered what a scammer would do with $500 worth of gift cards! Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to...

Send us Fan Mail Right now in your vendor master file – do you have hotels and or restaurants setup as vendors?  And if so – why can that be bad for your company?  Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory...

Send us Fan Mail Scam alerts and LinkedIn – are we surprised anymore? Here is a list of 11 that I found and hear about the 3 security features that LinkedIn has just rolled out that may help with the fake profiles that perpetrate these scams… Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, in...

Send us Fan Mail Are there any differences in onboarding non-us vendors that are companies vs individuals?  And how does the vendor team member fare dealing with this scenario…..hint – not as good as the last episode…. Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and bes...

Send us Fan Mail Are there any differences between onboarding vendors that are companies vs individuals? And this is going to be a two-parter, so stick around to hear next weeks’.  Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent pay...

Send us Fan Mail It’s that time of year again – yes – time to clean the Vendor Master File!  And stick around I’ll tell you where you can spend 30 minutes and get some great resources and tools to help with the process.  Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and...

Send us Fan Mail Move over Business Email Compromise (BEC), now there is a new term Business Identity Compromise (BIC) – what is it, where did it come from, and what do you do about it?  Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudule...

Send us Fan Mail Yes it’s more efficient and it costs less, but there are at least 4 reasons by you may not want to convert your check payment vendors to ACH.  Also, if you want more information on the conversion I’d recommend….. Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal contr...

Send us Fan Mail So you were approved for a tool to check bank account ownership, and you’re checking each time you add or change a vendor banking details – but why are your match rates lower than you expected?  One reason may be…. Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal con...

Send us Fan Mail The Institute of Financial Management or IOFM is an organization that educates, certifies and supports Accounts Payable and other financial operations, professionals. Every year they have a Finance and Accounting Appreciation Week – and guess what – it’s coming up in September, then 2 more in October. Need ideas for a remote team?   Keep listening.  Check out my website www.debrar...

Send us Fan Mail You’re probably used to annual IRS changes to the 1099-MISC and 1099-NEC forms by now.  But this time, one of the two changes to the forms as you prepare for the 2022 Tax Year will actually help you.   Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and bes...

Send us Fan Mail The City of Portland made a confirmation phone call before a larger wire transfer.  They paid a fraudster anyway.  To find out what mistakes were made and why the confirmation phone call is just not enough…. Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, a...

Send us Fan Mail When you or your team communicates with vendors, does everyone know what NOT to say to vendors to prevent fraud? Also, did you miss last week’s 200TH episode? listen to the end for a special discount code so you don’t feel completely left out.   Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentic...

Send us Fan Mail In celebration of my 200th Episode – I am giving away a free template ($24.99) value to help you fight Business Email Compromise (BEC).  If you want to hear what it is, learn about it get the discount code, and download it for free before it’s too late…. Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing...

Send us Fan Mail Are you looking for ways to validate vendor bank account information to prevent fraud?  In this episode, I talk about why you may want to (or not) use Micro Deposits versus the popular Early Warning/GIACT platforms…  Keep listening. Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal co...

Send us Fan Mail Does your company have ACH transactions? That answer is most likely yes – then if you or your team handles vendor invoices or vendor bank details – then you want to hear this episode.  My guest today is Amy Morris, Senior Director, ACH Network Rules for Nacha and she is here to talk about an operating rule that requires security of your vendor’s bank account number wherever it is...

Send us Fan Mail Payment fraud resulting from receiving a fraudulent request to change vendor banking isn’t the only fraud threat to the Vendor Team Members that keeps rising.  It’s not new, but it used to be rare and it’s back – job fraud.  If you want to know how it can affect you, your team members, and your company ….. Keep listening. Check out my website www.debrarrichardson.com if you need h...

Send us Fan Mail Stay Tuned. It’s common practice for Accounts Payable (AP) Vendor Maintenance to call the vendor when there is a change requested to the vendor’s bank account.  There is no shortage of fraud being reported, for AP teams not to know that additional validation protects companies from making fraudulent payments.  The question is: Are AP teams driving up the volume of required vendor...

Send us Fan Mail If you are like many companies – when your vendor team receives a change of banking, before making that change a team member is confirming the change with the vendor….or are they? Or is it a valid confirmation? Keep listening.  Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal control...