This guide looks at the top four areas where the typical one-time vendor payment process allows for fraud and explores ways to make these payments secure, properly approved and evidenced.
Poor internal controls, missing evidence and journal entries, and multiple human touchpoints where data can be changed make them the focus of auditors hunting out fraudulent activity.
Download this guide to learn:
- How to rearrange your internal controls to protect the manual payments.
- How to eliminate the threat of payment tampering.
- What the most reliable way of closing the payment loop and securing the entire process is.
- How to track payment irregularities and provide a clear audit trail.
