Takes, breakdowns, and hard truths about vendor identity and AP.
Vendor validation—when done correctly—is an excellent frontline defense against payment fraud, identity spoofing, and internal control breakdowns. With billions of dollars lost each year to fraudulent vendor activity, the stakes…
Managing public funds comes with an enormous responsibility. Every dollar spent—whether it’s on infrastructure projects, higher education, public safety, or social services—ultimately belongs to taxpayers. That means every purchase, every…
Universities rely on a vast network of vendors to keep operations running—from IT and construction to catering and research partnerships. But these relationships come with significant compliance risks. Fraud threats,…
If vendor onboarding were a reality show, government agencies would have the toughest gig: high stakes, constant scrutiny, and no room for error. From navigating complex compliance rules to avoiding…
Let’s be honest—vendor management for the government sector isn’t exactly a walk in the park. Between navigating complex compliance requirements, keeping up with evolving fraud tactics, and managing mountains of…
A new year brings new opportunities to do better, and let’s be honest—vendor management in higher education institutions could probably use some love. These institutions face unique challenges when it…
Waltham, MA, December 17, 2024 —PaymentWorks, the digital supplier onboarding platform for secure, compliant, and optimized business payments, today announced the 2024 winners of the Vendor Management Appreciation Day customer…
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…
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…
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,…
