Reducing Risk in Vendor Onboarding
Do not overlook the risks inherent in bringing in new vendors to your organization. The level of risk varies in degree according to types, amounts and…
-
-
OFAC-Issued Guidance: A Sanctions Compliance Framework
If you are mystified by your company’s compliance responsibilities related to sanctions, there is help. In 2019 the Department of Treasury’s Office of Foreign Assets…
-
Payment Fraud: ACH Is Not Immune and Email Is Not Safe
An Association of Financial Professionals (AFP) survey on payment fraud shows 80 percent of organizations experienced attempted or actual payment fraud in 2022. Payment fraud…
-
The VMF, Vendor Onboarding and the P2P Process
Procure-to-pay—also called purchase-to-pay or source-to-settle—refers to the entire process of procuring goods and services from start to finish. The process begins with identification of need…
-
Strong Passwords: Vital to Security
Vendor information management specialists have heard it before. Strong passwords are vital to security. Their value cannot be overstated. Passwords are gatekeepers to our online…
-
Best Practices for Vendor Bank Account Verification
Bank account verification is a crucial security measure for any organization engaging in business-to-business (B2B) commerce. By ensuring the legitimacy of bank account details before processing…
-
Understanding Bank Account Verification in Business-to-Business Transactions
Ensuring the security and accuracy of financial operations is paramount in business-to-business (B2B) commerce. One critical aspect of financial security is understanding and executing bank…
-
Vendor Master File Cleaning: Nine Steps to Ensure Accuracy and Compliance
There are nine essential steps involved in cleaning up a vendor master file. These steps include several actions that should occur at vendor onboarding but…
-
A Classic Case of Vendor Email Compromise
Criminals are compromising emails to steal money from businesses, governments and institutions. Any organization can be a target: businesses of any size, health care organizations,…
-
Special Report: Criminal Business Email Compromise
Are You Prepared? Aggressive Cybercriminals Are Sophisticated; Security, IT and Finance Teams Must Be Too People receive more than 120 emails at work per day…
-
Are You Certifying Your Payees?
U.S. organizations that issue payments of U.S. source income to U.S. or foreign payees are required to solicit and obtain valid certification of the payee’s TIN, name,…
