Press Release: PaymentWorks Celebrates Business Milestones in the First Half of 2023
Billions in Indemnified Payments Processed, Explosive Network Growth, and an Expanding Customer Base
Boston, MA – July 26 –PaymentWorks, the digital supplier onboarding platform for secure, compliant and optimized business payments, concluded the first half of 2023 with several significant milestones. The company saw demand for digital supplier onboarding explode during the pandemic, and momentum has continued as demand for automation proliferates to combat the growing sophistication of vendor impersonation fraudsters.
“The first half of 2023 solidified what we have always known: every organization of every size in every industry struggles with onboarding and managing vendor data,” said Thayer Stewart, CEO of PaymentWorks.
“Recognizing that the only true means of achieving a clean vendor master file is relying on the vendors themselves to input their data has built a vast opportunity for our customers and our company. And by tying our warranty for vendor payments directly to the onboarding process, we are in a key position to influence payment types, impacting the time value of money for both our customers and their suppliers.”
PaymentWorks is the foundation of vendor master data. With a digital supplier onboarding platform, PaymentWorks provides customers with secure, compliant, and optimized business payments. Featuring the industry’s only payments security warranty for fraudulent payments and a network of tier one partners, PaymentWorks enables customers in healthcare, higher education, K-12, state and local government, enterprise and more to capitalize on the opportunity to digitize the vendor management process while reducing risk, controlling costs and earning revenue. To learn more about how we do it and the partners we work with, visit our website, check out our blog or listen to our podcast, Risky Business.
For media inquiries, please contact:
Sarah Greenberg (firstname.lastname@example.org), Content Strategist, PaymentWorks