Episode 138: 4 Questions to Ask of Your Vendor Setup and Maintenance Process For 2021

Putting the AP in hAPpy

In today’s episode, I am giving you 4 questions to ask you and your team about your vendor process – I know you guys are doing double duty – some still working from home and all the risks that come with that – and some have moved to working a hybrid model with some % of remote vs in-office work, and some are back 100%. For all scenarios – ask these 4 questions to make sure you’re not allowing fraud, exposing your company to regulatory fines, and that you are not adding vendor data to your vendor master file.

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.

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Links mentioned in the podcast:

• Blog: 4 Questions to Ask of Your Vendor Setup and Maintenance Process For 2021
• Toolkit: Done for Your Vendor Setup Forms, Company Branded ACH Form, Vendor Communication Templates and Desktop Procedures in the Toolkit.
• Get ready for that AP Automation project with the 5 Day Vendor Master File Clean-Up.
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Desktop Procedure Template: https://www.debrarrichardson.com/desktop-procedures
• Prevent Fraudulent Payments. Get Your Own Copy of the 3 Step Vendor Setup and Maintenance Process eGuide.
• More Podcasts/Blogs www.debrarrichardson.com
• More ideas? Email me at [e-mail]

Music Credit: www.purple-planet.com