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Mandatory electronic disbursements
June 21, 2022
Q. In this new world of remote work, I remain determined to streamline disbursement of funds to vendors/supplier/payees. In doing so, I would like to require that all disbursements occur through electronic means only – ACH/Payment Cards/Ghost Cards, for example – thereby eliminating the distribution of the more risky and highly fraudulent paper check distribution.
Has anyone on the IOFM Advisory Panel done this at their organization? And can they share the language that was communicated to all…
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