What is Vendor Fraud and How Do Manual Processes Put Me at Risk?
What is vendor fraud, exactly?
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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…
Vendor fraud has always been a thorn in the side of finance and procurement teams, but the types of fraud in the digital age have cranked the threat level up…
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…
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 face it: vendor onboarding in higher education is often a nightmare. Between the decentralized departments, mountains of paperwork, and the ever-present risk of a typo sending money into the…
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…