Eliminating B2B payment frauds | Check and bulk transfer frauds

Lessons

1. Frauds 101: Do You Have a Fraud Friendly Environment

2. Beginner's Guide to Detect and Prevent Frauds

3. Potential Warning Signs for Fraud

4. How to Prevent Internal Frauds

5. How to Avoid Bulk Transfer Frauds

6. What are Check Frauds

Upcoming Lessons

1. 14 Steps to Avoid Check Frauds

Hour glass
Duration 140 Min
Watch
Lessons 7 Lessons
Globe
Learn 100% Free
Globe
Language English
  • About
  • Course Content
  • Resources
  • Instructors

Course Overview

Companies have lost $42 Billion over the last 24 months to frauds says PwC Global Economic Crime and Fraud Survey Report 2020. And those were the ones that were officially reported! How often do you audit your business to identify these frauds and find why they occur? This course gives credit managers a crash course in frauds detection, prevention, and steps to follow if it happens in your company. It helps you understand 3Es of why fraud happen and the fraud triangle that enables a fraud friendly environment in the company. We will also discuss some internal controls you could leverage to prevent internal frauds, check frauds and bulk sales frauds.

What you will learn

  • Frauds 101
  • Beginner's Guide to Handle Frauds
  • Potential Warning Signs for Fraud
  • How to Prevent Internal Frauds
  • How to Avoid Bulk Transfer Frauds
  • What are Check Frauds
  • 14 Steps to Avoid Check Frauds

Skills you will gain

Credit and Collection Laws
A/R Frauds
Globe
Role: Credit Managers
Designed for Business Credit Managers
Globe
Level : Foundation Course
Designed to educate entry-level professionals
Globe
Topic: O2C Essentials
O2C domain-specific training course
Globe
Type: Theory Course
Theory lectures by credit practitioners
Globe
Completion Time: 3 Weeks
Suggested reading for 2-3 hours/week

1. Frauds 101: Do You Have a Fraud Friendly Environment

How do you know if you have a fraud prone environment in your company? Watch this video to learn about fraud triangle and 3 E's of motivation.

2. Beginner's Guide to Detect and Prevent Frauds

Learn the basics of frauds, why they happen and what are some essential steps you could take to prevents frauds.

3. Potential Warning Signs for Fraud

Detect frauds or the possibility of frauds by keeping check on the warning signs for orders, customers, financial process or history, ownership and internal management processes.

4. How to Prevent Internal Frauds

Understand the real life scenarios of internal frauds through fraud triangle and find how to prevent them using critical steps.

5. How to Avoid Bulk Transfer Frauds

Learn what are bulk transfer frauds and what steps could you take to avoid getting trapped.

6. What are Check Frauds

This module explains what are check frauds and gives examples on bad check schemes. It also recommends internal controls you should have to prevent check frauds.

Lesson Resources

Robert S. Shultz

Robert S. Shultz

Board of Directors Member, CMA
Robert Shultz has had a thirty- year career as a global credit and financial executive for large multi-national companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. He is currently on several Advisory boards including as a Special Advisor to the Credit Management Association Board of Directors and he is the Chairman of the Financial Executive Networking Group’s (FENG) Credit and Working Capital Management professional group.

More courses you might like

Learners who joined this course have also joined:
Course Duration
20 Min

Effective credit and collection strategies during recession

Robert S.Shultz
Link
Course Duration
60 Min

International Trade Credit and Collections Management

Robert S.Shultz
Link
Course Duration
40 Min

Tracking Credit Management Performance on Oracle

Krishna Palepu
Link