Keys to Verifying Vendor Banking, TIN, OFAC Information and More

For many organizations, verification of vendor information – banking, TIN, identity – is more critical than ever, even though vendor information gathering, verification and input is time-consuming, especially when done manually.  But it is a very important task that needs to be done securely and efficiently.  Vendor onboarding is the best time to collect and verify vendor information, before your pay your vendors. 

This webinar will address what information should be verified before entering a new vendor into your vendor master file:

• Bank account information
• Tax identification numbers
• Address
• OFAC
• Other watchlists

Attend this information-packed program to:

• Uncover best practices to securely capture sensitive vendor information (without emailing)
• Learn how to verify vendor information to stay compliant with IRS and state regulations
• Discover tools to verify bank account information
• Examine best practices and procedures to mitigate the risk of fraud
• And much, much more!

Mark Brousseau
President, Brousseau & Associates 

Over the past 26 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Phil Binkow
Chief Executive Officer, Financial Operations Networks

Phil Binkow is founder and CEO of Financial Operations Networks (FON). FON specializes in vendor self-service and vendor relationship management software-as-a-service applications. In 2002, Phil founded The Accounts Payable Network (TAPN), the leading resource for individuals with management and oversight responsibility for accounts payable operations. More than 5,000 members used TAPN’s best-practices libraries, case studies, research, analysis, technology evaluations, practical tips, discussion forums, continuing education programs and customizable tools for AP planning and problem-solving. Phil is also co-founder of The Accounts Payable Certification Programs which has enrolled over 35,000 accounts payable professionals worldwide. TAPN was acquired by Diversified Business Communications in 2013.

Prior to starting Financial Operations Networks, Phil founded and served as CEO of PayTECH, an electronic payables processing, disbursements and information services provider serving companies such as Oracle, Cisco, Charles Schwab, Turner Broadcasting, NCR and Viacom. PayTECH grew to process over 100 million invoices annually and was acquired by PRGX in 1999.