PaymentWorks

Just a reminder that the season of ✨gratitude✨is also an opportunity to tighten 🔒 up your vendor management operations. If you want to learn more about how a fraud-free vendor ecosystem starts with 🙏THANKS🙏, check out our latest article 👇 https://hubs.li/Q02Zct8N0 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud

Is your company’s 💥“culture of exceptions”💥 putting you at risk? When leadership routinely asks to skip steps ❗ in vendor management, it opens the door to significant fraud risks. Here are five red flags that it’s time for a fraud conversation with the C-suite: ⚠️ Quick Approvals: If the onboarding process is rushed 📃💨or chaotic, key checks get skipped. ⚠️ Skipped Validations: Overlooking steps leaves room for fraudsters 🦹 to exploit gaps. ⚠️ Unverified Vendors: Bringing in “trusted” vendors without 🚫 checks can lead to major fraud issues. ⚠️ Exceptions as the Norm: When bending the rules 🤞 becomes standard, fraud defenses weaken. ⚠️ No Documentation: Making undocumented changes to processes? You’re losing accountability and transparency 🔎. Take a ✨proactive✨ approach to vendor management and secure your processes. Grab our latest guide: Table Talk: 5 Clues It's Time to Have a Fraud Talk With Leadership 👇 https://hubs.li/Q02Z1nhg0 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud

It’s the season of ✨gratitude✨, but did you know that extends to your vendor management operations, too? 👉Sure does👈 In fact, we’re positive a fraud-free vendor ecosystem starts with 🙏THANKS🙏: 🤝 T - Teamwork: It takes a village to stop fraud ✋ H - Heads-Up: Stay one step ahead 🦾 A - Automation: Work smarter, not harder 🚫 N - No Excuses: No exceptions in a fraud-free vendor ecosystem 💋 K - KISS (Keep It super simple) 🎯 S - Strategy: Plan the work and work the plan Find out how to put these to good use to keep your vendor ecosystem—and organization—safe 🔐from fraud in our latest article below👇 https://hubs.li/Q02YLzW60 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud

Do manual processes have you on edge 😩? Not only can they grind things to a halt ✋ (bottlenecks, anyone?), but they exponentially increase your exposure to fraud. All it takes is one fat-finger type or another human error ⚠️ to open the door to bad actors who can take your organization for millions💸💸. Or what if your vendor gets hacked (eeek!😱) Wouldn’t you feel better knowing that all the proper checks ✅✅ are automatically happening on the back-end so you can focus on optimizing your payments strategy? And wouldn’t it be awesome if payments were indemnified🔐. See how all this (and more!) is possible. Check out our self-guided demo below👇 https://hubs.li/Q02YmC_50 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #vendorfraud #fraud #b2bpaymentsfraud

When it comes to company culture, letting things slide could cost 💰 more than you think. A lax company culture doesn’t just make things "easygoing" 😎; it creates the perfect breeding ground 🧬 for fraud 👎, financial losses 👎, and morale-killing inefficiencies👎👎. Imagine this: Your team makes exception ❗after exception to appease the CFO (she always needs things “asap” 🏎️💨). Verification steps get skipped. Things get glossed over. What could go wrong? Well, fraudsters are thrilled by your relaxed approach 🦹👍. Before you know it, “small exceptions” become routine, and a simple vendor email change costs you hundreds of thousands…if not millions💸💸😱 Want to protect your bottom line and tighten the ship 🚢? Start with strong processes ✅, automated vendor verification ✅, and clear, zero-exception policies ✅. Read our article to dive into the details on why a laid-back culture can lead to big problems—and how you can avoid them with some proactive strategies. Because trust us, fraudsters thrive on what you're not watching 👀! Read more 👉 https://hubs.li/Q02YmnNc0 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud

Does your vendor management strategy need a 💫revamp💫? It might if you find that the higher-ups are constantly asking for exceptions ❗ to the (very important, very documented 📝) rules. Exceptions open the door to bad actors 🏴☠️ looking to exploit ⚠️ organizations that play fast and loose. Just Google “business email compromise” or “deepfake fraud” 🥸 to see the scary but very real consequences of letting this become a habit. There is something you can do, and we highly recommend you do it! Start documenting ✍️ each time you’re asked to make an exception to the process. You’ll have a log 📃 of how many times this happens (and who 👩💻 are the biggest offenders) to make the case for a tighter process. Good news! We made a tool to streamline this. Grab it for yourself👇 https://hubs.li/Q02WJLm00 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile

Halloween 🎃 might be over but fraud is scary 👻 year-round. To help, we put together a “Fraudpocalypse 🧟 Survival Kit” to help you transform your team into fraud-fighting 🥷 pros! It has everything you need to guard ⚔️ against fraud and the steps to follow if you do get attacked. Trust us, you haven’t seen anything like this! The guide is packed with: ✅ Immediate action steps to take when fraud hits to stop losses and alert the authorities. 🦾 Tips to strengthen your defenses post-incident. 🔐 Ultimate fraud prevention strategies to keep fraudsters at bay all year long. Don’t wait until it’s too late—arm 💪 yourself with the knowledge to fend off the Fraudpocalypse! Grab the guide below👇 https://hubs.li/Q02VWdxD0 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud

Gather round the campfire 🔥🏕️, and take heed in what we say… Today is going to be a spooky-story-filled 🎃 sort of day…. About fraud 🥸! And what’s scarier than that? Join us TODAY at 2 𝐩.𝐦. 𝐄𝐒𝐓 for ⚡𝑭𝒓𝒂𝒖𝒅 𝑯𝒐𝒓𝒓𝒐𝒓 𝑺𝒕𝒐𝒓𝒊𝒆𝒔: 𝑯𝒐𝒘 𝑩2𝑩 𝑷𝒂𝒚𝒎𝒆𝒏𝒕𝒔 𝑭𝒓𝒂𝒖𝒅𝒔𝒕𝒆𝒓 𝑯𝒂𝒖𝒏𝒕 𝑨𝑷 𝒂𝒏𝒅 𝑷𝒓𝒐𝒄𝒖𝒓𝒆𝒎𝒆𝒏𝒕 𝑻𝒆𝒂𝒎𝒔⚡ Our own Angela Sarno will be joined by financial crimes detective 🔎 and certified fraud examiner Marc Evans to talk about exactly how these frauds succeed. You👏 Don’t👏 Want👏 To👏 Miss👏 It👏 Grab your seat below👇 https://hubs.li/Q02Wjz3Z0 #fraud #fraudprevention #vendorfraud #vendorimpersonation #anatomyoffraud #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile

Manual ⚙️ vendor management isn’t just painful, it can be dangerous🏴☠️, too. We get it; organizations are strapped for cash and cobble 🚲🛴 together the best processes they can. Which seems like the right thing. Until one day 💥BAM💥 a fraudster hits. No one thinks it will happen to them, but a quick headline 👩💻 search proves otherwise. Besides, even if fraud hasn’t happened to you 💫YET💫, you’re still dealing with a process that’s clunky, unpredictable, and definitely not built for long distances. A patchwork of solutions is prone to missteps—and an easy target for fraud 🦹 to roll right in. Why settle for a duct taped 🩹 solution when you can streamline vendor management with automation 🦾? Get rid of the wobbles, speed past fraud risks, and keep your business rolling smoothly. Give it a spin for yourself👇 https://hubs.li/Q02VW6220 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile

👻 Is your organization ready to face the Fraudpocalypse? 👻 🕸️ Get your “Fraudpocalypse Survival Kit” 💼 and transform your team into fraud-fighting ⚔️ pros! In our comprehensive guide, we cover everything you need to know about handling fraud when it strikes ⚡, from Business Email Compromise (BEC) to protecting your organization with ironclad 🦾 defenses. Here’s what you’ll find: ✅ Immediate Action Steps: Know what to do when fraud hits to stop losses and alert the authorities. 🦾 Rebuilding Stronger: Tips to strengthen your defenses post-incident. 🔐 Ultimate Fraud Prevention: Learn strategies to keep fraudsters at bay all year long. Don’t wait until it’s too late—arm yourself with the knowledge to fend off the Fraudpocalypse! Grab the guide below👇 https://hubs.li/Q02VG6Kl0 #vendormanagement #vendoronboarding #procurement #vendorlifecycle #supplieronboarding #supplierfile #vendorfile #fraud #fraudprevention #vendorfraud