From Vendor Compliance to Competitive Advantage: Rethinking Supplier Management Processes
Supplier management used to be about one thing: compliance. Were the right forms collected? Were the tax IDs correct? Did the onboarding box get checked?
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Supplier management used to be about one thing: compliance. Were the right forms collected? Were the tax IDs correct? Did the onboarding box get checked?
Few modern businesses could exist without third-party vendors. From contractors and consultants to tech providers and facilities partners, organizations rely on a vast and growing network of outside entities to…
Waltham, MA and Reston, VA – July 8, 2025 — PaymentWorks, the only digital supplier onboarding platform that indemnifies vendor payments and optimizes for preferred payment types, today announced it…
In 2025, vendor risk management (VRM) is no longer a back-office checkbox. It’s mission-critical. Why? Because the risks tied to third-party vendors—fraud, compliance failures, and reputational fallout—are more complex and…
Your CFO walks in holding a printout of a $98,000 wire transfer. The problem? The payment didn’t go to a vendor—it went to a fraudster impersonating one. And the worst…
If you want to make someone in finance visibly twitch, just whisper this phrase: “Vendor info spreadsheet.”
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…
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, exactly?
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…