Subscribe in seconds and receive Trustpair's news feed updates in your inbox, on your phone or even read them from your own news page here on follow.it.
You can select the updates using tags or topics and you can add as many websites to your feed as you like.
And the service is entirely free!
Follow Trustpair: Best-in-Class Fraud Prevention and Account Validation Platform - Trustpair
Is this your feed? Claim it!
Invoice fraud targets the invoice: fake, altered, duplicated or inflated bills. Payment fraud targets the payment: money sent to an account that doesn’t belong to the supplier. The two often overlap, but different controls catch them. A genuine, fully approved invoice can still be paid to a fraudster if the supplier’s bank information has been changed.
Most accounti...
Vendor email compromise (VEC) is a fraud where criminals take over a supplier’s real email account and use it to send fraudulent invoices or bank detail change requests to the supplier’s customers. Because the email comes from a genuine address and an existing thread, it gets past most red flags. Only independently checking the bank details stops it.
It’s one of the...
A successful vendor master data migration depends on the quality of supplier records before they reach the new ERP. Companies should inventory every source system, profile vendor data, remove duplicates, standardize critical fields, validate tax and banking information, and test the migration several times before cutover.
The goal is not simply to tra...
Vendor master data management is the process of governing, cleansing, enriching, validating, and monitoring supplier records across an enterprise. Its purpose is to create reliable vendor data that procurement, finance, accounts payable, compliance, and supply chain teams can use with confidence.
A strong vendor master data management program creates ...
A clean vendor master file gives Finance, Procurement, and Accounts Payable reliable supplier information. It reduces duplicate payments, limits payment fraud risks, improves financial reporting, and gives supply chain teams better visibility into their vendor base.
To clean a vendor master file effectively, focus on three priorities: identify duplica...