The vendor data you haven't checked is the risk you haven't caught.
Picture this: You’re bringing a new supplier into your system. What should be a simple task turns into a back-and-forth loop of emails, missing documents, manual data entry, and inevitable…
No one in AP enjoys paying a vendor via check. The inefficiencies and costs are legendary. For modern finance teams, electronic payments have become the backbone of business operations. However,…
Think your small business is safe from vendor fraud? Think again. Lackluster security measures are an open invitation for fraudsters.
A business is its own living, breathing thing that has its own identity attributes. Specifically, there are legal attributes: Are you an LLC? Inc? There are compliance attributes: Are you…
Supplier identification can be a touchy subject for vendor managers. Considering the manual labor involved in the process, we don’t blame them. Understanding who you’re doing business with is a…
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.
Vendor management job responsibilities are changing in a big way. Then again, so is the world of vendor management.
Higher education procurement and AP teams are under more pressure than ever: increasing fraud attempts, manual vendor onboarding bottlenecks, and limited staff resources are making day-to-day operations harder to scale.…
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…
We recently sent out a series of emails in an attempt to imagine how fraudsters think. Specifically how they think about you. Sometimes, the best way to fight fraud is…
