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Vendor Change Approval - Changes to Vendor Bank Account Record Need to Be In Scope

Keith Siggers on 2/13/2019 11:14:52 PM
The new vendor change approval framework is good but probably the most critical piece of vendor data is not included in the available fields. Changes to vendor bank account fields like account number are one of the most common way fraud can be undertaken.
Currently the Bank account option tracks changes to the default bank account selected on the vendor master so that may catch really stupid fruadsters but an employee who can edit a bank account record to change account data is far more critical to need change control.
Please extend the framework and you will have happy Financial Controllers and Auditors.

Thanks,
Category: Vendor Experiences
STATUS DETAILS
Completed
Ideas Administrator

Administrator on 2/12/2023 6:46:26 PM

We are pleased to announce that this idea has been implemented and released in 10.0.32. To activate this feature, you need to enable:

  • Vendor bank account change proposal workflow feature in the Feature management
  • Accounts payable parameters > Vendor bank account approval section

Comments

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RE: Vendor Change Approval - Changes to Vendor Bank Account Record Need to Be In Scope

Mikkel Sjørslev on 7/2/2020 8:29:14 AM

The idea has also been posted by Maximilian Katholnig under Workflow.
https://experience.dynamics.com/ideas/idea/?ideaid=ba6c782a-e52f-e911-9461-0003ff68c55f

Category: Vendor Experiences

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RE: Vendor Change Approval - Changes to Vendor Bank Account Record Need to Be In Scope

Ravi Nagarajan on 7/2/2019 4:12:40 AM

Also, we are unable to use this feature as currently in place because Microsoft provided GER payment export files pick up bank account details from correct routing number and bank account number fields. The current workflow only picks up if the user changes the default bank account to pay into.

As mentioned by Keith Siggers above, users do not have to change the default bank account but only need to change the actual bank account number values within the bank account number form itself. Therefore, it is imperative to extend the applicability of workflow to bank account number form.

Category: Vendor Experiences