PaymentWorks Presents: Risky Business

In our latest episode of Risky Business, we sat down with Tom Rogers of Vendor Centric to discuss the evolution of vendor management and its progression from an administrative focus to a strategic one.

Top Takeaways on the Top Trends in Vendor Management

#1: Vendor risk mitigation is moving from compliance to value creation

#2: Vendor management has evolved from admin to strategic quarterback

#3: The importance of a strategic vendor “analyst” is growing

#4: AI ***may*** help create value in vendor management

Jens Brown from Huron teaches our host Angela Sarno a few things about ERP migrations, the expectations organizations have on their human vendor managers, and what AI has in store for vendor data.

Jenn Glassman has spent a lot of time thinking about optimizing payments strategies for public organizations. In this episode she shares how securing vendor onboarding allows an organization the peace of mind to move to electronic payments for vendors, without fear of fraud.

The role of vendor desk manager is largely undervalued and underfunded at almost all organizations of all sizes. Our podcast guest shoulders the burden of too much responsibility coupled with manual processes. She agreed to guest on our podcast anonymously so she could tell you what your vendor desk manager isn't telling you.

Kristen Drobnis is passionate about managing corporate risk. She sees the risk team as instrumental to cost avoidance and helping the bottom line. Interview recorded in August 2021.

The American Rescue Plan Act is a once in a lifetime opportunity for governments to invest in infrastructure- including SaaS platforms to bolster security. Our guest, the general counsel of the Arkansas Municipal League, breaks down the buckets of spending that are covered by ARPA, and how to calculate Lost Revenue due to Covid to give your government the maximum flexibility in spending your ARPA funds.

Email is the starting point for almost all social engineering payments fraud scams. Christopher Arehart from Chubb walks through why you should have zero trust in email, and what you can do instead.

Julie-Anne White makes the case that investing in a clean vendor master has an immediate ROI.

David Birch is an author, advisor, commentator on digital financial services and is regarded by many (including everyone at PaymentWorks!) as a top money expert. But the area where he may have the most mastery is identity, a topic he believes isn't quite as complicated as some choose to believe.

With 40 years of experience in financial services, covering a wide range of functions globally, including Operations & Technology, Risk Management, Audit, and Regulatory Compliance, Yakut Akman joined us to spell out a prescription for managing third parties, and the pile of risk that comes with them.