Top 3 Fraud Risks Vendor Teams Need to Watch Out For in 2022 and What Can Combat Them

Thursday, January 20th, 2022 | 2 to 3 p.m. ET

Field of Study: Management Advisory Services
Program Level: Intermediate
Delivery Method: Group Internet-Based
Prerequisite: None
Advanced Preparation: None
Successful completion of this program qualifies you to receive up to 1 CPE credits.

Debra Richardson
Debra R Richardson LLC

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Trying to make a payment to a vendor keeps getting harder. Fraud risks inherit in accepting vendor supporting documentation via email, in answering inquiries via phone or email, as well as monitoring employee fraudulent behavior are three areas need to be addressed as we exit the pandemic but keep those workarounds that helped us make it through the pandemic, while also causing an increase in both internal and external fraud.

Learn what those fraud risks are and what training, tools and resources can prevent them.

Learning Objectives

  • Review 2021 fraud trends and what we learned
  • Review frauds trending into 2022 and how Vendor Teams can combat them
  • What attitudes, processes, and tools the Vendor Team needs to stay up to date and combat new frauds

Speaker Biography

Debra is an accounts payable speaker, trainer, and consultant. An accredited Accounts Payable Manager, accredited Procure-to-Pay Manager, and Payment Reporting Specialist, she has over
20 years experience in accounts payable, accounts receivable, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark. She has worked in the Telecommunications, Automotive, Healthcare, and Oil & Gas industries.

For the past ten years, Debra has focused on Global Vendor Maintenance for US, APAC, EMEA, and LATAM countries, and implemented a vendor self-registration portal for 140k+ global vendors across five ERPs. Responsible for issuing over 24k+ IRS 1099s, she was also successful at establishing internal controls and authentication to prevent fraud in the vendor master file.

Debra now focuses on Helping Accounts Payable Teams protect the Vendor Master file from Fraud by providing both free and paid resources to redesign vendor processes and vendor record clean-up services.