Guarding Your Revenue: Understanding and Preventing Accounts Receivable Fraud

External accounts receivable (AR) fraud is a growing threat to businesses of all sizes. Perpetrated by external parties such as customers, vendors, or cybercriminals, this type of fraud often involves tactics like identity theft or diverting payments before they get to you. Join this webinar to understand the warning signs and prevention strategies that are crucial for organizations aiming to safeguard their revenue.

Immediate Takeaways:

• Understanding of the types of accounts receivable fraud tactics by customers and cybercriminals.
• Recognizing the red flags of fraud with your customers at time of setup or customer-initiated communication.
• Fraud prevention strategies including vetting customers and team member awareness and training to spot external fraud.

Speaker:

Debra Richardson

Debra is an Accounts Payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors, and Aramark. In her consultancy, she works with vendor onboarding teams to add authentication techniques, internal controls, best practices, and vendor validations to prevent fraud, fines, and bad vendor data. A Certified Fraud Examiner (CFE), she is the President of the Central Atlantic Region IOFM Chapter and IOFM’s Ask the expert for the Vendor Master File category. She hosts a weekly podcast “Putting the AP in hAPpy” and has a YouTube channel here she posts weekly tips on the vendor setup and maintenance process.

Moderator:

Grace Chlosta
Content Manager, IOFM

Grace Chlosta joined the Institute of Finance & Management (IOFM) in 2022 in a new role for the team as the Content Manager. She is responsible for the planning, organization, development, and implementation of all the content for IOFM’s digital products and (virtual and in-person) events. Grace is committed to ensuring that IOFM’s content stays timely, relevant, and actionable for all financial operations professionals, and works closely with a team of content developers, industry leaders, and subject matter experts to guarantee this happens.

Continuing education credits available!

 Continuing Education for IOFM Certification

Receive 1 CEU toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here. 

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

For more information:

Contact Customer Service:

Phone: (207) 842-5557

Email: [email protected]