How you bring vendors in sets the tone for everything that follows.
Vendor management has grown far beyond just issuing payments or updating contact details. Today, it touches risk management, cybersecurity, regulatory compliance, and operational efficiency. A modern vendor management strategy must…
Choosing the Right Vendor Management Tools: Features, Use Cases, and Evaluation Criteria
Let’s be honest: supplier onboarding isn’t the most glamorous topic in finance or procurement. It doesn’t typically make headlines or draw much attention. Until something goes wrong.
Managing vendor relationships isn’t just a behind-the-scenes task anymore. It’s a key part of running a smooth, secure, and scalable operation. The way you onboard, validate, and manage vendors can…
Last week’s virtual event brought together industry experts from PaymentWorks (me!) and Nacha Consulting (Mark Dixon) to unpack the implications of Nacha’s sweeping new ACH Operating Rules, which will come…
Supplier management used to be about one thing: compliance. Were the right forms collected? Were the tax IDs correct? Did the onboarding box get checked?
If you want to make someone in finance visibly twitch, just whisper this phrase: “Vendor info spreadsheet.”
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…
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…
Vendor relationships are the unsung heroes keeping institutions running smoothly, but what are the costs of manual vendor onboarding in higher education? Vendors play a pivotal role, whether they’re supplying…
