Settings and activity
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89 votes
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Graeme Teasdale
commented
We recently have had a case of fraud against us by the fact that Xero does not notify other users with credentials to changes in bank account details of suppliers.
As Shaun Walker has advised below, a note or some other notification regarding bank account change is a critical feature to minimise impropriety. Personally I would like to be able to assign to Advisors that they are notified when bank account details are changed to confirm that the change is correct
If, as in our situation, a person who has the security credentials to change bank details, is the only person notified of the change, how does Xero allow the appropriate oversight to ensure that this doesn't happen? It can't.
Under the current system it relies on a individual to go through each individual payment and cross check bank account details, that is exhaustive when batch payments get longer and longer
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4 votesGraeme Teasdale
supported this idea
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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!