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Accounts Payable Movies [Fraud in the Real World]

Most people don’t usually think that accounts payable would make an interesting movie. Luckily, Hollywood, Leonardo Di Caprio and Willie Garson, Matt Bomer didn’t agree. We’ve got three movies that were based on real-life episodes (of fraud) that we’d like to share with you. They are instructive in that they demonstrate how the frauds were committed and you can easily see how they could have been prevented. Embezzlement is key in only some of these. #accountspayable #movies #fraud

Real life frauds happen because certain best practices are not used. These movies demonstrate that the lack of appropriate best practices can and does lead to fraud. The movies and or documentaries cover real life frauds and show how real life people stole from the companies where they worked. The broadcast also discusses best practices that would have prevented these frauds from occurring.

The broadcast also reveals where listeners and viewers can find these movies and watch them themselves. One of them was only released towards the end of 2021. The others have been around for a while. Whenever Hollywood decides to make a movie or documentary around something that happened in accounts payable, you know you’ll have a great piece of entertainment. They are instructive in that they demonstrate how the frauds were committed and you can easily see how they could have been prevented.

Watch AP Internal Controls: People
https://youtu.be/57oT9nYn4_8

Host: Mary Schaeffer( www.ap-now.com)

Zelle Scams 2022: Protection

Zelle Scams, Zelle fraud, A new twist on Zelle fraud, these headlines seem to be everywhere. We’re here with this special update on the newest twist on current Zelle scams. Zelle accounts are becoming more popular and as they do, crooks looking to get their hands on your money are getting more innovative. In this episode we discuss the latest twist or innovation criminals are using to defraud ordinary citizens of their hard earned money. They are doing this using Zelle.

Zelle payments or payments made using the Zelle app are sometimes referred to as Instant Payments or Real Time payments. Although many sign up for Zelle through their bank, the bank does not have ultimate responsibility for these accounts. This has led to a lot of heartache and complaints when there was a fraud or scam perpetrated using a Zelle account.

Don’t let the Zelle dream turn into a Zelle nightmare, because you fell for one of the many Zelle scams. This handy payment app makes it easy to transfer money from person to person simply by using an app on your phone. But without the proper care and controls, the
app can become a nightmare. Recent stories in the press reveal how the app was used to scam college students and others out of thousands of dollars. Let’s take a look at some safety precautions every Zelle user should take to ensure they don’t get Zelle scammed. Stick around until the end when we share an often-overlooked Zelle safety precaution.

Listen to Lynn Larson’s longer explanation of Zelle Frauds
https://youtu.be/L02mUitjsKc

Guest: Lynn Larson (recharged-education.com)

Host: Mary Schaeffer (www.ap-now.com)

Wordle FAQs [Most Famous Player + More]

WORDLE FAQs or Wordle frequently asked questions are addressed here in this video. The Wordle game has taken over the Internet with players from countries around the world playing it. New players as well as veterans still have many questions, which is why we made this video entitled Wordle FAQs. People ask about what is Wordle, who owns #Wordle, is wordle free, where can I play wordle, where can I play wordle more than once a day, what is the best wordle strategy, what is the best Wordle first word and more. The #WORDLEFAQS are addressed in this very short piece. #Wordlestrategy is another topic discussed hotly on the Internet.

We decided to make this video to answer all the different Wordle questions in one place, making it easy for viewers to find the information they want about Wordle.

Questions answered include:

1. What is Wordle?
2. How do you play Wordle?
3. Who created Wordle?
4. Who owns Wordle?
5. Has Wordle gotten harder since the NY Times purchased it?
6. Is Wordle free?
7. Is there a new Wordle every day?
8. Who’s the most famous Wordle player?
9. Can you play Wordle more than once a day?
10. Is there a secret Wordle strategy to winning every day?

 

Follow me on Twitter: @MarySSchaeffer

 

Link to The Book: Wordle: The Rules, Strategy and Expert Tips
https://www.ap-now.com/snip/111.htm

 

Link to the Wordle Play List: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HefxYm4ymJ0RSWKFC_c9Lys

 

Interested in learning more about issues impacting accounts payable. Sign up for AP

Now’s free ezine at: www.ap-now.com

Link to Wordle Secret Winner Tactic
https://youtu.be/E5EbN23ZOYY

Link to Wordle Best First Word Revisited
https://youtu.be/4FY28GWPddI

Host: Mary Schaeffer (www.ap-now.com )

Fraud in the Vendor File: How to Prevent It

Fraud through the vendor file. Most business professionals never think the weak master vendor file practices can facilitate fraud and thus don’t prevent it. Whether you call it the vendor file, the supplier file, the master vendor file or the vendor master file, the outcome is the same. #Fraud facilitated by poor practices related to the #mastervendorfile happens more frequently than you might imagine. These weak practices sometimes also enable duplicate #payments.

The issue of Fraud in the Vendor File and How to Prevent It is one that is frequently overlooked and thus Vendor file fraud is allowed to flourish. Frauds in the Vendor File happen everywhere if you don’t know how to Prevent Them. Learning how to detect vendor
fraud is not difficult, especially with common vendor fraud schemes that are not overly sophisticated. Usually, fraud facilitated by weak master vendor file practices is a type of occupational fraud.

Link to Fraud Protection Roundtable Discussion
https://youtu.be/CqEPqoO-n_I

Link to Password Stupidity
https://youtu.be/ChiqWwJ-DIo

Master vendor file and fraud and be prevented by using master vendor file best practices and regularly reviewing changes made to the vendor file. The master vendor file function is often not given the attention it deserves, making the vendor master file prone to the mal  intentions of fraudsters. The supplier file is used for making payments. Ideally, the master vendor file and separation of duties are strong. Changes to the master vendor file should be verified to prevent accounts payable fraud. The techniques used to prevent vendor file fraud will also put a damper on duplicate payments.

Host: Mary Schaeffer (www.ap-now.com)

The Accounts Payable Process: Three-Way Match Accounting

Accounts Payable Process: Three-Way Match Accounting answers the basic question what is the three-way match and what are you supposed to match. The Three-Way Match is the foundation for the accounts payable function and sometimes the accounting function, as well. It involves matching quite a few issues such as price, quantity, etc.

Accounts payable and accounting best practices absolutely always include a three-way match. The accounts payable process, if it includes accounts payable best practices, also includes a three-way match. It is considered a strong #accountspayable internal controls
and all #accounting professionals recommend it. #threewaymatch

The three-way match concept is an old approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to What You Need to Know to Work in Accounts Payable
https://youtu.be/UGFaUkiNPP0 [260]

What do you match in the three way match in the accounts payable or accounting process? Are you looking to match the price or the quantity asked a podcast viewer? Both, I replied, and a lot more.

What’s A Unicorn in Business

What’s A Unicorn in Business? [Unicorn Companies and Unicorn Startups]

What’s a unicorn in business? There’s great interest in unicorn companies and unicorn startups. Suddenly everywhere you turn your hearing and reading about unicorns in business, unicorn companies and unicorn startups. This broadcast explains what a unicorn in business is, why unicorn startups are so desirable and gives a quick rundown on the status of unicorns in the business world in 2022. #unicorn #unicorninbusiness #unicorncompanies

What's a unicorn in business is a frequently asked question along with what is a unicorn company? Unicorns in business have been discussed in the popular press for some time, often without a precise definition. This broadcast attempts to shine some clarity on the definition or explanation of what’s a unicorn. The number of unicorn companies and unicorn startups have been growing each year.

In 2022 unicorn companies are all the rage and new unicorn startups 2022 are even more popular. Any company lucky enough to be considered a unicorn is well on its way to success. The broadcast also identifies some of the unicorns that provide services to the AP and P2P community.

Link to Verifying Change of Bank Account Requests
https://youtu.be/iBJDDrh3e0k

 

Host: Mary Schaeffer (www.ap-now.com)

Ransomware Attack Explained: Insights from A Former FBI Agent

Ransomware explained; what ransomware is, it how ransomware works and how to protect against a ransomware attack. That’s what we’re here to discuss. The topis is of such broad interest that John Oliver discussed ransomware on Last Week Tonite a number of months ago. A #ransomewareattack can do serious financial damage to an organization. A ransomware attack is a form of #fraud and as such steps need to be taken to protect the organization. #ransomwaretips

What is ransomware is a question frequently asked by those who have heard the term ransomware but aren’t exactly sure what it means. The want to know how ransomware works, and more importantly, how you can protect against a ransomware attack. That is why it is so important that everyone understand and why we offer this tutorial on ransomware explained, as well as a ransomware attack explained. 

Most importantly, the guest offers ransomware protection advice including what to do if your organization is a victim of a ransomware attack as well as what steps everyone can take to protect themselves. What ransomware is, how ransomware works and how to protect against a ransomware attack are all covered in this broadcast.

The guest on this session is Vic Hartman, retired FBI agent and author of The Honest Truth about Fraud

Link to YT video on The Honest Truth about Fraud
https://youtu.be/NUIxIc4ZXY8

Information about/purchase book: The Honest Truth about Fraud (https://hartmanfirm.com/author/)

Guest: Vic Hartman (https://hartmanfirm.com/ )
Host: Mary Schaeffer (www.ap-now.com )

AP Technology Week: The CEO Panel on Invoice Automation

This AP Technology Week session focuses on Invoice Automation. The panel discusses AP Automation, innovation in accounts payable automation, tips on AP automation projects and insights on accounts payable automation project. This is part of AP Now’s Accounts Payable Technology Week which is designed to bring the accounts payable, accounting, P2P and payments community together to discuss all things related to technology and its impact on the AP, P2P and payment functions. This session of #APTechWeek focuses on #APautomation as it relates to the #accountspayable function and the role AP Automation will play in the future of accounts payable departments everywhere.

Some of the issues discussed in this session include the biggest innovation in AP automation, the issues impacting the success of an accounts payable automation project, the lack of utilization of some AP automation solutions and what you can do to improve usage, the importance of having someone from accounts payable eon the team that selects an AP automation solution, advice for those just starting the AP automation jourvey and what the business community can expect from AP Automation service providers in the next few years.

Learn more about AppZen at www.appzen.com

Accounts Payable Technology Week is devoted to discussing the most current issues related to AP and P2P and technology. One of the ways professionals can stand out from the crowd is to learn how to get the most out of whatever AP automation solution their organization selects.

Playlist of the 2022 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HeTeFa4eBOVeHvE2NbY4KEz

Playlist of the 2021 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HfvKQrScgUdpa3thmmRqg3s

Guest: Anant Kale (www.appzen.com )
Guest: Jamie Radford (https://ap-association.com/ )

Host: Mary Schaeffer (www.ap-now.com )

AP Technology Week: AP Automation

This AP Technology Week session focuses on Accounts Payable Automation, or AP Automation, AP automation software, AP automation app. The panel discusses AP Automation, innovation in accounts payable automation, tips on AP automation projects and insights on accounts payable automation project. This is part of AP Now’s Accounts Payable Technology Week which is designed to bring the accounts payable, accounting, P2P and payments community together to discuss all things related to technology and its impact on the AP, P2P and payment functions. This session of #APTechWeek focuses on #APautomation as it relates to the #accountspayable function and the role AP Automation will play in the future of accounts payable departments everywhere.

Some of the issues discussed in this session include the biggest innovation in AP automation, the issues impacting the success of an accounts payable automation project, the lack of utilization of some AP automation solutions and what you can do to improve usage, the importance of having someone from accounts payable eon the team that selects an AP automation solution, advice for those just starting the AP automation jourvey and what the business community can expect from AP Automation service providers in the next few years.

Learn more about AppZen at www.appzen.com

Accounts Payable Technology Week is devoted to discussing the most current issues related to AP and P2P and technology. One of the ways professionals can stand out from the crowd is to learn how to get the most out of whatever AP automation solution their organization selects.

Playlist of the 2022 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HeTeFa4eBOVeHvE2NbY4KEz

Playlist of the 2021 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HfvKQrScgUdpa3thmmRqg3s

Guest: Matthew Wright (www.appzen.com )
Guest: Jen Samper (https://www.linkedin.com/in/jennifer-samper-27813162/)
Guest: Mandy Jenkins (https://www.linkedin.com/in/mandy-jenkins-apam-312617a9/  )

Host: Mary Schaeffer (www.ap-now.com )

 

AP Technology Week: Payments

This AP Technology Week session focuses payments and the changes and innovations bombarding the business word. The panel discusses payment innovation and the strategic move away from paper checks. This is part of AP Now’s Accounts Payable Technology Week which is designed to bring the accounts payable, accounting, P2P and payments community together to discuss all things related to technology and its impact on the AP, P2P and payment functions. This session of #APTechWeek focuses on #paymments as they relates to the #accountspayable function. Included in the discussion are paper checks, wire transfers, digital payments (crypto), company credit cards, instant payments (real time payments) ACH and wire transfers.

Some of the issues discussed in this session include a discussion of common misconceptions about different payment tools, a discussion about some of the change that has occurred in the payment space over the last few years, an in-depth discussion on the finality of payment issue, tips on moving away from paper checks, the obstacles companies encounter when trying to move to new payment tools, what the business community can expect from
the payment world in the next few year and the best advice related to payments the B2B community needs to hear.

Accounts Payable Technology Week is devoted to discussing the most current issues related to AP and P2P and technology. One of the ways professionals can stand out from the crowd is to learn how to use the best payment tool for each different type of payment situation.

Lynn Larson discussing Zelle Fraud
https://youtu.be/L02mUitjsKc

Lee Ann Perkins discussing Digital Payments (Crypto)
https://youtu.be/I45FEn0vnI8

Rob Unger discussing Real Time Payments
https://youtu.be/jKgmu-fye_E

Playlist of the 2022 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HeTeFa4eBOVeHvE2NbY4KEz

Playlist of the 2021 AP Technology Week Sessions
https://youtube.com/playlist?list=PLtL6rWSXZ-HfvKQrScgUdpa3thmmRqg3s

Guest: Lynn Larson (https://www.recharged-education.com/ )
Guest: Lee Ann Perkins (www.thepassionatetreasurer.com )
Guest: Rob Unger (https://www.spendmend.com/ )

Host: Mary Schaeffer (www.ap-now.com)