It’s Time to Tell the CFO “No.”
It’s not personal. It’s a fraud thing.
A “culture of exceptions” might seem like a way to get things done quickly, but it opens the organization up to significant fraud risks. This guide highlights 5 clues it’s time to talk to leadership about the risks of making exceptions.
What readers are (probably) saying about this guide*
Jane Doe
Vendor Manager
“No one wants to tell the CFO ‘no.’ But we had a close call after our own CFO’s email got hacked. It was too close of a call, and we’re lucky we caught it when we did.”
John Doe
Vendor Manager
“Getting the ‘where’s my payment?’ email from a vendor when you’ve already sent the payment is…something you feel in the pit of your stomach. This happened to us—at great cost—and we had to reevaluate why processes were getting bypassed. This meant pointing out to leadership the importance of sticking to documented processes. I wish I would have had this guide *before* all this went down.”
Jules Doe
Vendor Manager
“This and the Document the Exceptions tool are, hands down, the best thing that have happened to the vendor desk. It helps us keep things (::cough:: leadership ::cough::) in check in a way that makes sense and benefits the entire org.”
About PaymentWorks
PaymentWorks is the foundation of vendor master data. With a digital supplier onboarding platform, PaymentWorks provides customers with secure, compliant, and optimized business payments. Featuring the industry’s only payments security warranty for fraudulent payments and a network of tier-one partners, PaymentWorks enables customers in healthcare, higher education, K-12, state and local government, enterprise, and more to capitalize on the opportunity to digitize the vendor management process while reducing risk, controlling costs and earning revenue.
For vendor management teams, PaymentWorks digital supplier onboarding enables rapid vendor onboarding and data validation so that your entire finance and P2P process operates with clean, risk-free, vendor data. We also take on the risk related to fraudulent vendor payments so you can sleep better at night.
