Episode 250 | Optimizing Vendor Management with PaymentWorks

On the 250th episode of the Millennium Live Podcast, we delve into the intriguing world of vendor management with a great partner who had the idea to put all vendor information in one place, in the cloud, securely, across all businesses. Despite the prominence of digital transformation in procurement and supply chain realms, why does manual vendor onboarding still reign supreme? Angela Sarno, the VP of Marketing at PaymentWorks joins the podcast to share insights into a groundbreaking initiative - the creation of Vendor Management Appreciation Day, so don’t forget to mark your calendars for December 12th. But why invent a holiday for vendor management, and what's its significance?As we explore the intricacies of vendor onboarding and change management, Angela sheds light on the persistent challenges faced by organizations, talking us through the complexities of automation adoption and the lingering allure of social engineering scams, which continue to haunt businesses worldwide.Angela offers actionable strategies for mitigating risks associated with vendor management, emphasizing the importance of addressing fraud, compliance, and inefficiency head-on, and outlines the critical considerations for organizations contemplating investments in automated vendor onboarding solutions.Tune in to our 250th episode of our amazing podcast to uncover the pivotal role of vendor management in organizational success, the transformative potential of embracing automation in today's dynamic business landscape, and why PaymentWorks stands out from the crowd!Hosted on Ausha. See ausha.co/privacy-policy for more information.