Stop! Do this to Prevent Business Payments Fraud
Think your small business is safe from vendor fraud? Think again. Lackluster security measures are an open invitation for fraudsters.
Welcome to the PaymentWorks Blog
Designed to Help You Achieve Your Ideal State in Vendor Management
Why a Weak Vendor Identification Process at Onboarding Makes You Vulnerable to Fraud
A business is its own living, breathing thing that has its own identity attributes. Specifically, there are legal attributes: Are you an LLC? Inc? There are compliance attributes: Are you…
Who Are You Doing Business With? A Primer on Supplier Identification
Supplier identification can be a touchy subject for vendor managers. Considering the manual labor involved in the process, we don’t blame them. Understanding who you’re doing business with is a…
How to Achieve Vacation-Ready Vendor Management With the Right Vendor Management Policy
Vacation should be a time to relax and recharge, but for many professionals, especially those involved in vendor management, taking time off can be a big source of stress. The…
Fraudsters Love Your Company Culture. Here’s How to Fix It (and Stop Fraud) With Vendor Onboarding Best Practices
This article was originally published in July 2024 but has been updated to reflect the latest (and not so greatest) in fraud as a result of lackluster vendor onboarding practices.
Your Vendor Administrator is a Liability
Once upon a time, in the not-so-distant past, the vendor administrator was tucked away behind mountains of paperwork, deep within the labyrinth of administrative duties. I know you can picture…
A Deep Dive Into Vendor Management Job Responsibilities in 2024
Vendor management job responsibilities are changing in a big way. Then again, so is the world of vendor management.
Why You’re Not Maximizing Virtual Card Rebates (And How to Fix It)
Organizations can win big with virtual cards, both in terms of secure, seamless vendor payments and optimizing a payments strategy. They not only offer unparalleled convenience but also bolster security…
Modern Supply Chain Takeaways from the Gartner NA Supply Chain Symposium/Xpo
This year, the PaymentWorks team had the privilege of attending the Gartner NA Supply Chain Symposium/Xpo. This cornerstone event brings together the sharpest minds in procurement supply chain management. The…
The Benefits of B2B Virtual Card Payments You Probably Don’t Know
So you’re ready to get serious about B2B virtual card payments? Good news: this is one of the best things you can do for your business. Better news: by coupling…