So, a vendor called in because their payment was not received.  You research it or send it over to whoever does that on your team or in your company and found out the payment failed because the bank account was wrong.  Your vendor then says that they changed it on the invoice – and now both your vendor and your internal team member wonder why you didn’t notice the change and request it to be updated.  Was it really your fault?

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:   

• Address Standardization and Status:  SmartyStreets
• Blog:  Should You Change Your Vendor Banking Based on An Invoice?
• Podcast Episode 115:  Quick Episode on Authentication
• YouTube:  Authentication | Vendor Master File Tip of the Week
• 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
• 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 [email protected] 

Music Credit:  www.purple-planet.com