Prepping Your 2025 Vendor Management Plan
It’s time to document your 2025 vendor management plan, but where do you start? Effective vendor management isn’t just about ticking boxes; it’s about building a resilient system that delivers…
Welcome to the PaymentWorks Blog
Designed to Help You Achieve Your Ideal State in Vendor Management
How a Good Vendor Management Strategy Can Deliver Year-Round Results
Why does a good vendor management strategy need to be a priority? For starters, vendors are an extension of your business. They’re essential to everything from delivering products and services…
Why a Fraud-Free Vendor Ecosystem Starts with T.H.A.N.K.S.
Navigating today’s vendor ecosystem can feel like stepping into a high-stakes chess game with a sneaky opponent. The fraudsters? They’re not just trying to play the game; they aim to…
The Real Cost of a Lax Company Culture
We’ve all heard the saying, “What you allow is what will continue.” But when it comes to company culture, letting things slide can cost you way more than you think—financially,…
Avoiding the Horror Story of Manual Supplier Onboarding: What Every Business Should Know
Picture this: You’re bringing a new supplier into your system. What should be a simple task turns into a back-and-forth loop of emails, missing documents, manual data entry, and inevitable…
Trick or Treat… or Fraud? Stop Being Scammed by Executive Impersonation
As cyber threats get more clever, executive impersonation has become one of the scariest tricks haunting the vendor management world. This isn’t your run-of-the-mill phishing attempt; it’s far more devious.
Spot These 5 Scary Fraud Tactics and Fortify Supplier Fraud Prevention
Supplier fraud prevention is a lot like living in a horror movie, except instead of masked villains chasing you through dark alleys, you’re dealing with fraudsters lurking in your inbox,…
Press Release: PaymentWorks Announces Call for Submissions for Vendor Management Appreciation Day Awards
BOSTON, MA. October 1, 2024 — PaymentWorks, the digital supplier onboarding platform for secure, compliant, and optimized business payments, today announced a call for submissions for the second annual Vendor…
The Anatomy of B2B Electronic Payments Fraud
No one in AP enjoys paying a vendor via check. The inefficiencies and costs are legendary. For modern finance teams, electronic payments have become the backbone of business operations. However,…
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.