Ecommerce Finance Podcast
Ecommerce Finance Podcast
Podcast Description
Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce.Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face. On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts.Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce.Tune in and transform your ecommerce business today!
Podcast Insights
Content Themes
This podcast focuses on critical financial aspects of ecommerce, including budgeting, accounting practices, sales tax compliance, and social commerce strategies. Specific episodes cover topics such as the rising costs of selling on Amazon, changes in Shopify Plus sales tax, and the implications of TikTok Shop for brands, all tied to their financial impacts.
Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce.
Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face.
On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts.
Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce.
Tune in and transform your ecommerce business today!
Stop accounts payable fraud before it hits your bottom line. Learn how to protect your ecommerce business from risky overseas inventory payments.
In this episode of the ecommerce finance podcast, Stephen Brown and Rachel Wright break down the mechanics of accounts payable fraud. We examine real-world scenarios where businesses lose capital to sophisticated scams and discuss the exact internal controls needed to secure your outgoing payments.
This discussion is essential for finance teams and ecommerce owners looking to strengthen their payment security. By identifying common red flags in international vendor transactions, you will gain actionable strategies for preventing business fraud and safeguarding your inventory budget against unauthorized outflows.
Today’s Key Takeaways:
- Why Ecommerce Businesses Are the Highest-Value Target for Accounts Payable Fraud
- The $60,000 Fake Invoice With a Real Company Name and EIN
- How Business Email Compromise Lets Hackers Spoof Your Vendor and Your CEO
- Separation of Duties in Accounts Payable
- When to Add Multiple Approvers to Your Bill Payment Process
- Vendor Management Permissions
- Lookalike Domain Tricks: .co vs .com and rn vs m
- Why International Wire Fraud Is Almost Impossible to Recover From
- How AI Voice Cloning and Better Grammar Are Erasing Fraud Warning Signs
- The 30-Second Review That Prevents Most Payment Fraud
Chapters:
- 00:00 Understanding Accounts Payable Fraud
- 01:52 Real-Life Horror Stories of Fraud
- 05:21 Psychological Tactics Used by Fraudsters
- 09:49 Preventative Measures: Separation of Duties
- 14:13 The Importance of Vendor Management
- 19:00 Identifying Red Flags in Communication
- 22:54 The Future of Fraud: AI and Voice Spoofing
Guest Info:
Rachel Wright, accounts payable and senior accounting specialist at LedgerGurus. Rachel works directly with ecommerce clients on AP processing, vendor management, and payment controls, and has personally caught multiple fraudulent invoices before they were paid.
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LedgerGurus handles accounts payable for ecommerce businesses, including vendor verification and the approval controls covered in this episode. More at ledgergurus.com.
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