The Real Cost of a Lax Company Culture
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,…
Vendor Risk
Risk Lives in the Details
The vendor data you haven't checked is the risk you haven't caught.
Avoiding the Horror Story of Manual Supplier Onboarding: What Every Business Should Know
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…
The Anatomy of B2B Electronic Payments Fraud
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,…
Stop! Do this to Prevent Business Payments Fraud
Think your small business is safe from vendor fraud? Think again. Lackluster security measures are an open invitation for fraudsters.
Why a Weak Vendor Identification Process at Onboarding Makes You Vulnerable to Fraud
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…
Who Are You Doing Business With? A Primer on Supplier Identification
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…
Fraudsters Love Your Company Culture. Here’s How to Fix It (and Stop Fraud) With Vendor Onboarding Best Practices
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.
A Deep Dive Into Vendor Management Job Responsibilities in 2024
Vendor management job responsibilities are changing in a big way. Then again, so is the world of vendor management.
Automating Vendor Onboarding in Higher Education: Ivy Tech Community College Fireside Chat
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.…
The 4 Secrets of Strategic Vendor Management
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…