Learn nine best practices for your supplier master file, from TIN matching to compliance screening. Get an overview for each of the benefits and suggested outcomes from implementating these processes.
More resources like this
9 Best Practices for Your Supplier Master File
Managing supplier information in-house can be one of the most complicated and time-consuming tasks for an accounts payable team. Augment internal controls and ensure compliance with tax &...
Safer B2B Payments in 2018 Require a Payment Service Provider
Digital workflows are a great way of countering corporate fraud. Learn how a payment service provider not only transforms your accounts payable workflow for efficiency, but protects your business...
How to Identify Problem Invoices
You can't work toward a solution without understanding the problem. Here's a list of the top 25 invoice-related problems that accounts payable commonly faces, where they fall in the AP process,...
Risk Management and Internal Controls for Accounts Payable
Industry expert Chris Doxey explains the best strategies for managing risk and fraud in the accounts payable department.
Get to Know a Fintech Expert — PCI and SOCs
An interview with Nvoicepay's Compliance Director on the importance of security and compliance standards like PCI and SOC—all through the lens of B2B payments.
Internal Controls Checklist: P-Card Usage & Invoice Processing
P-card and invoice fraud happens. It's inevitable in any department that handles large sums of money. But you can limit your risk with these internal controls.
New Perspectives on Fraud and the T&E Process
Choosing the right T&E solution can do more than make the process more efficient, it can help prevent fraud. Learn 8 of the most common tricks dishonest employees use to inflate travel and...
Taking Control of Your Supplier Master File
Keeping fraud out of the AP department includes proper supplier management. These are the steps you can start using for fraud prevention in the MVF.
Supplier Master Coding Standards
Avoid duplicate & missed payments with uniformity in your supplier master file. Use this list of standards to follow when managing supplier names & addresses.
Get to Know a Fintech Expert — How to Prevent Network Attacks
The end-user is the most susceptible and exploitable part to any computer network. Learn the biggest red flags to look for (such as an urgent request or spoofed email domain) in social engineering...
Are Your AP Payments Real?
An accountant's job of averting fraud is never over. These two internal controls can help stymy fraud and prevent phony payments from ever being issued.
How to Create an Automated AP Self-Audit Process
Self-audit tools provide powerful analysis and reporting for accountants in AP. Here's a list of 5 tools to help create an automated AP audit process.
How to Combine Your Compliance Screening Requirements
Today's organizations are on the hook for compliance screening. Here’s a list of regulatory organizations and the specific department in their crosshairs.
Combining KYC Controls with Other Regulatory Requirements
Need to establish a new customer-supplier relationship screening process? Combining regulatory and compliance screening programs can help. Here's how to do it.
When and Why Do I Apply KYC Controls to My Organization?
When and why to apply the Know Your Customer (KYC) laws are complicated. Here are 4 ways to reduce the complexity of applying KYC controls.
Developing Effective Anti-Money Laundering Internal Controls
From real estate to retailer, money laundering affects many industries. Instead of allocating an ever-growing part of the budget for AML efforts, take these steps to ensure your company is...
Cyber Fraud: Common Schemes & How to Protect Your Business
With the increased use of technology in our lives, cyber criminals have more chances to steal. A list of common cyber attacks and tips for fraud prevention.
What’s New in Compliance in 2017?
The FCPA continues to take strides in stamping out corrupt business practices through compliance requirements. Here's a list of what's on FCPA's radar for 2017.
The Top Foreign Corrupt Practice Act (FCPA) Cases In 2016
With penalties levied in amounts surpassing a small country’s GDP, the FCPA seeks justice for companies that break the law. Here are 2016’s top offenders.
10 Ways that P2P Automation Can Mitigate Fraud Risk