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.”
Takes, breakdowns, and hard truths about vendor identity and AP.
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…
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…
Let’s talk about a quiet troublemaker in your vendor onboarding process: account validation.
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…
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…
Government agencies are more dependent than ever on third-party vendors. Whether it’s IT infrastructure, public works, or defense contracts, vendors play a critical role in keeping government operations running. But…