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RegisterTakes, breakdowns, and hard truths about vendor identity and AP.
This article was originally published in July 2024 but has been updated to reflect the latest (and not so greatest) in fraud as a result of lackluster vendor onboarding practices.
Once upon a time, in the not-so-distant past, the vendor administrator was tucked away behind mountains of paperwork, deep within the labyrinth of administrative duties. I know you can picture…
Vendor management job responsibilities are changing in a big way. Then again, so is the world of vendor management.
Organizations can win big with virtual cards, both in terms of secure, seamless vendor payments and optimizing a payments strategy. They not only offer unparalleled convenience but also bolster security…
This year, the PaymentWorks team had the privilege of attending the Gartner NA Supply Chain Symposium/Xpo. This cornerstone event brings together the sharpest minds in procurement supply chain management. The…
So you’re ready to get serious about B2B virtual card payments? Good news: this is one of the best things you can do for your business. Better news: by coupling…
Are you still paying vendors with paper checks? Things have changed a lot in vendor management over the past decade and even over the last few years…. And maybe even…
Do you have a dusty, worn-down vendor compliance checklist? Maybe you don’t have one at all. I know this: you need one, and it should be accurate and current.
Leaders often recognize the negative impacts of bad vendor management (higher costs, increased compliance and fraud risks, data security issues, and legal woes), but what about the benefits of good…
Trustworthy, reliable vendors are the lifeblood of any business. Unfortunately, making sure those vendors are compliant and not on any sanctions lists is often the bane of the vendor desk’s…
