Welcome to the 170 System's "Ask the Expert" Podcast series focusing on Key Trends for Core Financial Processes such as AP, AR and General Accounting. In this series, we will interview industry experts on the important issues facing today's financial executives.

Podcast #1 features Nat Goodman, President of Goodman and Associates. Nat is an expert in procure-to-pay processes. He has held hundreds of seminars on best practices and fraud control in Accounts Payable and Purchasing. He is the author of IAPP Certification Manual and The Accounts Payable Guide for Associates, is a licensed CPA in Texas and an AICPA member.

In this podcast, Nat talks about the fraud risks of poorly maintained Vendor Master files. Nobody enjoys maintaining a clean master vendor file. It is tedious work that is often overlooked. And yet the master vendor file is a strategic asset that must be managed properly with strong internal controls... otherwise, your company is unnecessarily exposed to material risks.