2023 ACH Risk Assessments: Lesson Learned

In today's digital age, Automated Clearing House (ACH) transactions have become a crucial component of most organizations' financial operations. While ACH payments offer numerous benefits, they also expose organizations to various risks, including compliance violations, fraud, and operational disruptions. To mitigate these risks and ensure the smooth functioning of ACH processes, it is essential for organizations to conduct regular ACH Risk Assessments.

NPG's expert auditors have conducted numerous risk assessments for organizations of all sizes, and through our extensive experience, we've identified the top 10 most common ACH compliance issues that put organizations at risk. These issues range from insufficient ACH reporting to the Board of Directors, lack of periodic ACH training, absence of ACH Risk Management Policies, and inadequate vendor management, among others. By proactively identifying and addressing these risks through comprehensive ACH Risk Assessments, organizations can safeguard their financial health, maintain compliance with industry regulations, and protect their reputation. Read the full report to learn more about our top findings.