Overview

Eliminate risk in your supplier onboarding and management process.

PaymentWorks digital onboarding automates complex supplier management processes to eliminate the risk of business payments fraud, reduce costs and ensure regulatory compliance.

Even in our increasingly digital world, supplier management processes continue to be people-intensive and error-prone – making them vulnerable to attacks by fraudsters, costly to manage, and difficult to comply with intense regulatory requirements and scrutiny.

The platform enables government entities of all sizes to automate the collection and verification of information for all their suppliers and allows for the continuous monitoring and updating of the information - while thwarting any efforts to hijack an existing vendor record and redirect payments.

Contracts

State and Local

Illinois Public Higher Education Cooperative (IPHEC)

2011GAL
Jun 30, 2020- Apr 30, 2023
*Additional Option Years Available

NASPO ValuePoint

AR2472
Oct 14, 2016- Sep 15, 2026

National Cooperative Purchasing Alliance (NCPA)

NCPA001-86
Apr 11, 2016- Nov 30, 2023

RCA - Orange County - OMNIA Partners

RCA-017-21010004
May 01, 2021- Apr 30, 2023

Education

Educational Software Solutions and Services - OMNIA Partners, Public Sector

R191902
Feb 27, 2020- Apr 30, 2023
*Additional Option Years Available

The Quilt

MSA - 05012019F
Apr 01, 2016- May 02, 2025

Events

Event Resources

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PaymentWorks Webcast
Payment Fraud and Your Vendor Master: The Origin of the Risk
Event Date: January 20th, 2022
Hosted by: PaymentWorks

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DataLocker Webcast
Payment Fraud and Your Vendor Master: The Origin of the Risk
Event Date: January 20th, 2022
Hosted by: PaymentWorks


During the webcast, attendees learned about:

  • Defining the risk with identity information (aka The Problem)
  • Common entry points for both BEC and VEC scams
  • Three process improvements you can make in less than 30 days to shore up your defenses
  • Key metrics to gather to determine your cost/benefit for technology partners vs manual onboarding efforts.


Resources

Case Study

This case study highlights how the team at Stephen F. Austin State University (SFA), decided to automate vendor onboarding and management with PaymentWorks, a platform that automates the complex vendor management process. Not only did they gain efficiency, which enabled their staff to focus on more ...

74% of companies reported they were the target of an attempted or successful payments fraud attack in 2020. 62% of the time these incidents stemmed from business email compromise as fraudsters pretended to be someone else – often an existing vendor –
in the hopes of changing vendor bank account c...

Account takeover, vendor impersonation, email compromise… by any name, fraudsters are continuing to focus on the vendor master as a point of entry to scam organizations large and small out of signi­cant sums of money. This case study highlights how Cabarrus County fell victim, their search for a sol...

This case study highlights how Chubb has engaged PaymentWorks to help middle market and large enterprise customers control the risk of social engineering fraud. It details how PaymentWorks provided access to their PaymentWorks Business Identity Platform at a reduced cost to Chubb crime insurance pol...

Presentation

Review this slide deck presentation to learn about:Defining the risk with identity information (aka The Problem)Common entry points for both BEC and VEC scamsThree process improvements you can make in less than 30 days to shore up your defensesKey metrics to gather to determine your cost/benefit for...

Resources

If you have been considering the move to automating your vendor onboarding and management process, take advantage of this first and likely ONLY discount like this PaymentWorks is offering as a thank you to E&I Cooperative for their dedication to the higher education community!

Webinar

During the webcast, attendees learned about:Defining the risk with identity information (aka The Problem)Common entry points for both BEC and VEC scamsThree process improvements you can make in less than 30 days to shore up your defensesKey metrics to gather to determine your cost/benefit for techno...