Verify your vendor payments and reduce fraud

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Overview

According to the Global Fraud and Risk Report, “Mapping the New Risk Landscape,” published by Kroll in 2019, fraud by external parties (suppliers, vendors, business partnerships) was 28% globally, a 10% increase from last year.

Such fraudulent attacks can often be very expensive and time-consuming when they happen.

This webinar titled, “Verify your vendor payments and reduce fraud,” introduces and explains BELLIN’s vendor verification tool, which allows tm5 users to create centralized directories of verified or unverified vendors, suppliers, and payees. With the use of block and allow lists, you can prevent internal and external fraud.

 

Key learnings in this webinar include:

  • What is vendor verification?
  • Challenges and existing concerns
  • Main features and key benefits of a vendor verification tool

Webinar run time: 55:12

Participating presenters

Nikolai Diekert
Adrien Dumont

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