Authenticating who vendors are before data hits your ERP isn't optional—it's the whole game.
What is vendor identity management? First, it’s critical to understand that vendor fraud has become one of the most persistent and costly risks threatening procurement, finance, and accounts payable (AP)…
Ask any accounts payable or procurement leader what keeps them up at night, and you’ll get a familiar list: payment fraud, bad supplier data, compliance failures, duplicate vendors, and the…
Procurement is having a moment.
Fraud is no longer a hypothetical risk. It is a daily reality for organizations managing vendor payments and supplier relationships.
If you work in procurement, finance, or accounts payable, you have probably asked yourself: Who exactly are we paying? That question is at the heart of business identity.
Does the phrase “supplier verification” raise your blood pressure just a little bit? If you’re responsible for paying vendors or protecting your company from fraud, chances are, it does.
Vendor Onboarding Software: How to Find the Best Platform
It’s time to retire the outdated notion that supplier data management is just “admin work.”
If you want to make someone in finance visibly twitch, just whisper this phrase: “Vendor info spreadsheet.”
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…
