Accounts Payable - EFT Banking Information Update

Completed

EFT Banking Information Update

What we’re doing:

When a vendor’s banking information is changed, an email will be sent to vendors to notify them of the change to ensure the validity of the change.

Why we think you’ll like it:

The education sector is being targeted for fraud using social engineering. This additional automated control of an email telling the vendor their banking information has been changed could help detect potentially fraudulent vendor file banking changes and could have the vendor bringing them to the district’s attention before payments are misdirected.

Learn more:

This enhancement is activated within vendor changes, vendor interface, and employee update from payroll.

Profile Activation

1. It’s recommended that you set up the global email procedure first for the reply-to address, subject line, and email message to use to send to vendors when their banking information has been changed. This may require some advance preparation to determine acceptable wording. In Atrieve Web Finance, go to Finance Setup > Global Parameters > Global Email Profile. Product is BAS, then under Procedure, select VENDOR.
2. In Atrieve Web Finance, go to Finance Setup > Profiles > User Profile > Page 5, Set Field “Send Vendor Notification when Bank Changes are made” to Y.