The Hidden Costs of Not Having a Vendor Information Portal
If you want to make someone in finance visibly twitch, just whisper this phrase: “Vendor info spreadsheet.”
Welcome to the PaymentWorks Blog
Designed to Help You Achieve Your Ideal State in Vendor Management
A Complete Guide to Prevent Payments Fraud
Fraud isn’t what it used to be, and the best ways to prevent payments fraud have changed. Once upon a time, it came in the form of sketchy invoices, shady…
Cleaning Up Vendor Information Management for 2025
Does this vendor information debacle sound familiar: it’s Q1, you’re trying to close out last year’s books, but your AP team just flagged five different records for what turns out…
What is Vendor Fraud and How Do Manual Processes Put Me at Risk?
What is vendor fraud, exactly?
Building a Fraud-Resilient Vendor Risk Management Program: From Culture to Conversation
Vendor fraud is no longer a niche problem—it’s a boardroom issue. In an era of AI-powered impersonation scams, email-based vendor fraud, and business email compromise (BEC), every organization needs a…
Types of Vendor Fraud You Need on Your Radar
Vendor fraud has always been a thorn in the side of finance and procurement teams, but the types of fraud in the digital age have cranked the threat level up…
Six Vendor Management Best Practices for Strategic Value Creation
As we are well into the 21st century, it should come as no surprise that following vendor management best practices means evolving beyond administrative duties to encompass more strategic, analytical…
Your Account Validation is Flawed. Here’s Why.
Let’s talk about a quiet troublemaker in your vendor onboarding process: account validation.
Your Annual Vendor Compliance Management Planning Calendar
Let’s face it—vendor compliance management is high-pressure and high-stakes, even for the most organized teams. Between annual reviews, policy updates, and audit prep, it’s easy to lose track of what…
What is Bank Account Verification and Why Should I Care?
Picture this: You’ve just approved a $150,000 payment to what you thought was a long-time vendor. You sip your coffee, breathe a sigh of relief, and go on with your…