The Hackett results are in. Don’t be the last to hear what vendor data is costing you. Live Nov 18.
Reserve Your SpotDesigned to Help You Achieve Your Ideal State in Vendor Management
A vendor record looks identical whether it belongs to a real supplier or to someone who impersonated one convincingly enough to get paid. That single fact explains how the software…
The market for vendor payment solutions has never been bigger. There are platforms for payment automation, invoice processing, early payment programs, virtual cards, cross-border payments, dynamic discounting, and a dozen…
Vendor fraud succeeds by reusing one stolen asset: a standing account or routing number a criminal can hit again and again. The question most AP and procurement leaders are now…
Vendor payment automation replaces the manual, paper-based steps in government accounts payable with controlled digital workflows that onboard vendors, approve invoices, pay electronically, and reconcile to the ledger. Done right,…
Most finance teams know their vendor master is messy. Few can say how messy, what it costs, or how exposed it leaves them. The Hackett Group set out to answer…
Every year, AP teams across the country spend Q4 doing the same thing: chasing vendor data.
Ask most AP teams what vendor compliance looks like, and they'll point to the W-9.
Most AP teams have some version of a vendor setup process. What most don't have is a vendor authentication process.
The phrase "know your vendor" has been circulating in AP and procurement circles for years. It sounds straightforward. It sounds like something most organizations already do.
