Become a Vendor Masterfile Fraud Prevention Specialist

Protect your Masterfile from modern and sophisticated fraud threats

A Framework using a 3 Step Vendor Setup & Maintenance Process to implement Authentication Techniques, Internal Controls, and Best Practices to Protect the Vendor Master File from Fraud.

 

3 Step Process

 

  1. Authentication - Data from fraudulent sources will not be processed.
  2. Validation - Vendors entered into your Vendor Master File will be real.
  3. Management - Your company will maintain a clean Vendor Master File.

 

What You Will Learn

  • 5 Authentication Techniques
  • 12 Vendor Master Internal Controls
  • 13+ Vendor Master Best Practices
  • 8 Step Process for Vendor Clean Up
  • 5 Step Process for Mergers & Acquisitions into your Vendor Master File
  • Download:  Vendor Validation Resource with Links
  • Download:  Authentication Reference Template

Course curriculum

  • 1

    Welcome to CFPS

    • CFPS Overview
  • 2

    Supporting Masterclasses

    • Fraud Mitigation in the AP Process - Masterclass with Debra R Richardson

    • Standardising Your Masterfile to Prevent Fraud

  • 3

    Authentication

  • 4

    Validation

    • Welcome

    • Introduction

    • Module Overview

    • Validation Process

    • Validation of Vendor Data

    • Validation of Vendor Bank Details

    • Other Considerations

    • Validation Recap

    • Validation Summary

    • Vendor Validation Masterclass

    • Validation Module Resources

    • Validation Module Exam Preparation

    • Validation Exam
  • 5

    Management

    • Welcome

    • Introduction

    • Module Content

    • Management Process

    • Best Practices

    • Vendor Data Review

    • Masterfile Mergers & Acquisitions

    • Management Recap

    • Management Summary

    • Management Module Resources

    • Management Module Exam Preparation

    • Management Exam