How do you make sure you’re paying the right vendor? Verifying and managing vendors’ banking details, especially when you work with vendors from all over the world, can be challenging. The exponential rise in Business Email Compromise (BEC) scams and other forms of fraud also makes it incredibly risky. This webinar with AP expert and consultant Debra R. Richardson, nsKnox COO Nithai Barzam, and Sara Quail, Accounting Manager at Viega LLC, will walk you through how best to collect vendors’ banking details and protect your outgoing payments.
We will cover everything you need to know, step-by-step:
- How to authenticate vendor data source and delivery method
- How to validate your vendor’s banking details with appropriate signifiers
- How to manage and update your vendors’ details in the long term
- Why an automated solution is the best way to go
