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Any progress on this - I am sure we use to get an alert a few years ago so not sure why this is no longer active

All changes to bank accounts is a serious fraud avoidance matter!! Notifying other nominated users when supplier bank accounts are changed should be implemented without delay - and given this feature operates in Payroll, it shouldn't be that hard to roll out to Supplier bank accounts!!! We have experienced theft from our business directly as a result of not realising that supplier bank accounts were being changed! Please implement this urgently!!! This is a massive short-sightedness on XERO's part in my opinion - and I otherwise love XERO products!

Hello,

I have previously raised a request that an alert be sent our when a bank accout is changed. This is an internal control process is needed due to the prevalence of fraudulent bank account scams.

This facility is available in payroll, when will it be available in Contacts / AP?

The lack of this feature is a serious disadvantage for Xero.

Regards, Les

Very important, this is needed asap

Very important so that the administrator is notified of any authorised or unauthorised changes.

This is also a requirement from our Auditors. It seems silly to not be able to nominate who gets advised of bank account details updates.

Can you please listen to the feedback here and make this a priority. Sending an alert to the person that made the change as your security measure makes no sense at all.

This is imperative in this time and age.

I suspect that auditors will appreciate this function as a way of ensuring that bank accounts are not changed fraudulently

This is a fundamental requirement for a system like Xero in 2024. Realistically if this feature isn't added in the near future we will have to reconsider our continued usage of Xero.

Our auditor wants to make sure that when a new supplier gets added to xero that the bank account is checked by a second user. This is the same for any edits to an existing supplier that a second user checks the bank account.

With the additional requirements of specific cyber security insurance for business' this process is a direct question that gets asked when applying for insurance.

A lack of action by Xero is increasing the cost of business to owners

Xero already has a security alert for employee bank detail changes, why are we still waiting for this to be implemented regarding suppliers.

This is a compliance issue for Xero, and one that currently allows fraud to committed.

Come on, this has been a request for 8 years now!

When is this going to be prioritized??

Please priorities this idea as a critical security and data integrity feature. This is a fundamental finance internal control requirement which should be a standard built in notification or audit trail accounting system feature.

This is really important from a system integrity and fraud prevention perspective; irrespective of whether the change is made directly in the contact or from the dashboard whilst making a payment.

I cannot stress enough how much we need new bank accounts or changes to existing bank accounts to require approval. ie.

Step 1: Accounts payable staff member adds a new contact for a supplier and enters the bank account details.

Step 2: Another user with the appropriate permissions, such as a manager, gets notified to approve the new/changed bank account

The new/changed bank account should need to be approved before the contact can be added to any payment batch.

With so many subscribers supporting this feature does Xero have an installation date.

Think this is really important. I am sure xero used to have this feature?

I agree - this should be a simple fix. Xero Team - when are you going to get this sorted?

Hi,

I commented on this back in Sept 22 and still can't believe it hasn't been addressed. Every year our auditors ask what systems we have in place to prevent fraud and we have to advise we still cannot get notifications from Xero sent to our accountant to advise if supplier bank details are changed.