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Better Master Vendor Files: Preventing Duplicate Payments & Fraud




May 29, 2018 at 1:00 PM (ET)

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It is critical that accounts payable professionals regularly maintain the master vendor file to stop duplicate payments, errors, fraud and eliminate dormant accounts. How can your company better gather and organize your vendor information and produce error-free 1099s?

Join us to learn ways you can improve AP processes, cut out waste, and improve vendor relations with well-developed master vendor files. In our 60-minute webinar you and your team will discover:

  • Best practices to maintain your vendor master file
  • Strategies to prevent, detect, and deter fraud
  • How to greatly reduce the chance of duplicate payments & errors
  • Ensure compliance with current regulations to avoid penalties

Program Highlights

  • Solve Problems within Your Existing Vendor Master File Practices

    • How to find & recoup monies paid to suppliers by mistake
    • Keys for cleansing your vendor files to ensure accurate updates
    • Comply with privacy rules on information in your vendor master file
    • Implement Techniques to Ensure a Fraud-Resistant Master Vendor File
  • Best Practices for Setting Up Your Master Vendor Files

    • Tips to eliminate duplicate payments and cash misappropriations
    • How to proactively prevent internal fraud
    • Checklist for conducting through audits & reviews of your VMF
  • Stay Compliant with IRS Regulations,Tax Reporting & TIN Services

    • Tax reporting updates: How to stay compliant & have an error-free 1099
    • Avoid fines from the IRS: What vendor information you MUST obtain
    • Implement best practices that will enable proper TIN solicitations
  • Live Question & Answer Session - Have your questions answered by the expert!

About The Speaker

Pam Shull is both a Certified Payroll Professional (CPP) and a Senior Professional in Human Resources (SHR). Pam possess more than 38 years of experience as a director of human resources and payroll, controller, auditor, businesswoman, consultant, instructional designer, and trainer.

  • If you want practical, real-world, effective guidance on accounting topics from payroll to overtime exemptions under the Fair Labor Standards Act you want Pam to help you.
  • She has presented several thousand seminars, workshops, and webinars to businesses in all major business sectors. A true pro!

Program Benefits

This 60-minute webinar will provide you with techniques and guidelines to reduce errors and fraud in your company's master vendor file.