At A Glance

  • Online Study
  • 5 – 10 Hours
  • Self Paced and On-Demand
  • No Entry Requirements
  • Certificate from The Institute of Financial Operations and Leadership

What you will learn

A 3 Step Vendor Setup & Maintenance Process to implement Authentication Techniques, Internal Controls, and Best Practices to Protect the Vendor Master File from Fraud.

  • 5 Robust Authentication Techniques
  • 12 Vendor Masterfile Internal Controls
  • 13 Essential Vendor Masterfile Best Practices
  • 8 Step Process for Vendor Clean Up
  • 5 Step Process for Mergers and Acquisitions into your Vendor Masterfile

The Syllabus

The CFPS program is built on a Framework using a 3 Step Vendor Setup & Maintenance Process to implement Authentication Techniques, Internal Controls, and Best Practices to Protect the Vendor Master File from Fraud.

Learning requirements – in order to earn the CFPS credential and certificate participants must complete all modules and exam within 12 month of enrolling.

  • Fraud Mitigation in the AP Process Masterclass. 50 Minutes
  • Best Practices for Standardizing you Vendor Masterfile Masterclass. 93 Minutes
  • Introduction and Module Overview
  • Sensitive Data
  • Business Email Fraud Class
  • Authentication Overview
  • Authentication Techniques for Callers
  • Authentication Techniques for Email
  • Authentication Techniques for Email When You Are Suspicious
  • Authentication of Bank Details
  • Authentication Recap and Summary
  • Authentication Module Resources
  • Authentication Module Exam Preparation
  • Authentication Module Exam
  • Introduction and Module Overview
  • Validation Process
  • Validation of Vendor Data
  • Validation of Vendor Bank Details
  • Important Considerations
  • Validation Recap and Summary
  • Vendor Validation Class
  • Validation Module Resources
  • Validation Module Exam Preparation
  • Validation Module Exam
  • Introduction and Module Overview
  • Management Process
  • Management Best Practices
  • Vendor Data Review
  • Dealing with Masterfile Mergers and Aquisitions
  • Management Module Resources
  • Management Module Exam Preparation
  • Management Module Exam

About the Trainer

Debra R Richardson, MBA, APM, APPM CPRS

Accounts Payable Trainer

Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.

For ten years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five ERPs. In her consultancy, she focuses on authentication techniques, internal controls and best practices to prevent fraud in the vendor master file. 

Debra now focuses on helping IFOL members and students improve their knowledge of the Accounts Payable process and protect the vendor master file from fraud.

Study Online

  • 24/7 Access To The CFPS Course
  • Edge of your seat online learning
  • Take up to 12 months to complete the course and exam
  • Real world, case-based learning

The IFOL Virtual Academy offers a unique and highly engaging way to learn vital business concepts. Immerse yourself in real challenges faced by business leaders.

Included When You Enroll

Instant access to course materials

Providing 12 hours of study material and learning resources including video, reading, audio and practical assessments and questions.

Online Exam

No requirement to attend an examination centre. Take the CFPS exam when you’ve completed the course and exam preparation.


Completion certificate

After passing the online exam (80% to pass), you’ll join the register of certified professionals and receive your official certificate and designation instantly.

Personal Development Plan

Set out your development plan with a SWOT analysis and Short, Medium and Long-Term goals which will help you reach your career potential

Fees

The fee for the programme is $295.00 USD. This includes all study programme materials, pre-recorded masterclasses, tutor support, exam entry and certification.

Online Enrolment

  • Enroll anytime online
  • Pay course fees monthly or in one single payment
  • Instant access to the e-Learning platform and course
  • Learn at your own pace with 18 months access
  • Exam included – take it when you’re ready

How to Enroll

The CFPS course is developed and administered online by the Institute of Financial Operations and Leadership (IFOL). 

Enrolments are processed online and can be completed in just a minute or two, which means you can begin the course straight away.

Get started by firstly creating your IFOL Academy user account, followed by payment of course fees via credit or debit card. If you require an invoice for you employer or would prefer to pay fees by bank transfer, please use our invoice request facility below.

When can I start?

In short, whenever you’re ready. Open enrolment means you can begin today!

Enrolments are processed online and can be completed in just a minute or two, which means you can begin the course straight away.

What kind of support is provided?

All students are offered ongoing support from our team of expert Trainers. Our team are available for 1-2-1 Zoom Sessions or via email.

How quickly can I complete the programme?

The programme requires on average 12 hours of study to complete, however the programme is entirely self paced so you can complete quicker if preferred.

Got Questions?

Book a Certification Demo

Experience the IFOL Virtual Academy for yourself during a 1-2-1 demonstration with a member of our team.

Why Become a CFPS

Find out why CFPS is chosen by companies around the world such as Meta (Facebook), Google and Verizon, for reducing fraud risk in Accounts Payable.

Enrolment Eligibility

Enrolment in open to all, regardless of experience or qualifications, so no need to worry about your enrolment being rejected.