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 Verification
Know Before You Pay
Authenticating who vendors are before data hits your ERP isn't optional—it's the whole game.
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…
Trick or Treat… or Fraud? Stop Being Scammed by Executive Impersonation
As cyber threats get more clever, executive impersonation has become one of the scariest tricks haunting the vendor management world. This isn’t your run-of-the-mill phishing attempt; it’s far more devious.
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…
Your Vendor Administrator is a Liability
Once upon a time, in the not-so-distant past, the vendor administrator was tucked away behind mountains of paperwork, deep within the labyrinth of administrative duties. I know you can picture…
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…
Why Vendor Sanction Screening is a Critical Part of Vendor Onboarding
Trustworthy, reliable vendors are the lifeblood of any business. Unfortunately, making sure those vendors are compliant and not on any sanctions lists is often the bane of the vendor desk’s…