--- title: PaymentWorks Blog | procurement description: procurement | --- [![PaymentWorks](https://blog.paymentworks.com/hubfs/PaymentWorks_February2020/images/logo.svg)](https://www.paymentworks.com/) - How it Works - - [Overview](https://www.paymentworks.com/how-it-works) - [Why it Matters](https://www.paymentworks.com/why-it-matters) - - For Payers - See how they do it at: - [University of Kentucky](https://www.paymentworks.com/case-studies/kentucky/) - [Hackensack Meridian](https://www.paymentworks.com/case-studies/hackensack-meridian/) - [Johns Hopkins](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) - For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) - About - - [About Us](https://www.paymentworks.com/about-us/paymentworks/) - [Our Partners](https://www.paymentworks.com/about-us/partners/) - [Work Here](https://www.paymentworks.com/about-us/work-here/) - [Blog](https://blog.paymentworks.com/) - [Press](https://news.paymentworks.com/press) - [Refer A Lead](https://share.hsforms.com/1NZzs6_82R52Z5GNpdHp4tA49idv) - Contact - - - - - Sales - [info@paymentworks.com](mailto:info@paymentworks.com) - - Support - [support@paymentworks.com](mailto:support@paymentworks.com) - - - Press - [press@paymentworks.com](mailto:press@paymentworks.com) - - HQ - [info@paymentworks.com](mailto:info@paymentworks.com) - 51 Sawyer Road Suite 310 Waltham, MA 02453 - [Sign In](https://www.paymentworks.com/accounts/login/) [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) - [Sign In](https://www.paymentworks.com/accounts/login/) - [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) ![banner-image](https://blog.paymentworks.com/hubfs/PaymentWorks_March2020_Blair/images/paymentworks-hubspot-banner_v2-04.png) ## PaymentWorks Blog ## [What AP Can Learn From Procurement](https://blog.paymentworks.com/what-ap-can-learn-from-procurement) Posted by [Angela Sarno](https://blog.paymentworks.com/author/angela-sarno) on Oct 27, 2021, 10:15:00 AM - [Tweet](https://twitter.com/share) [![team handshake](https://blog.paymentworks.com/hubfs/shutterstock_543333040.jpg)](https://blog.paymentworks.com/what-ap-can-learn-from-procurement) As promised, we have our ‘counterpoint’ to last week’s blog. This week it’s your turn AP!  There is so much you can learn from your peers in procurement. I cannot wait to dive in!  (*Side note: finding just the right image in stock art kept me up late last night.  Please enjoy this wonderful team huddle.)* [Read More](https://blog.paymentworks.com/what-ap-can-learn-from-procurement) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/what-ap-can-learn-from-procurement#comments-listing) Topics: [AP](https://blog.paymentworks.com/tag/ap), [procurement](https://blog.paymentworks.com/tag/procurement), [risk](https://blog.paymentworks.com/tag/risk), [supply chain](https://blog.paymentworks.com/tag/supply-chain), [business payments](https://blog.paymentworks.com/tag/business-payments) ## [What Procurement Can Learn From AP](https://blog.paymentworks.com/what-procurement-can-learn-from-ap) Posted by [Angela Sarno](https://blog.paymentworks.com/author/angela-sarno) on Oct 21, 2021, 10:06:00 AM - [Tweet](https://twitter.com/share) [![fragile supply chain held with a paper clip](https://blog.paymentworks.com/hubfs/shutterstock_331812122.jpg)](https://blog.paymentworks.com/what-procurement-can-learn-from-ap) At PaymentWorks we love Procurement and AP equally. We have amazing champions and customers in both areas, and our platform has strategic benefits to both functions.  Yet, we are constantly surprised that these two seemingly made-for-each-other departments don't always appreciate all they do in support of each other. ![shutterstock_331812122](https://blog.paymentworks.com/hs-fs/hubfs/shutterstock_331812122.jpg?width=397&name=shutterstock_331812122.jpg) So we thought we'd take a stab in this two part series at playing 'counselor' to this couple, and walk through just how much they could learn from each other. Let's begin. [Read More](https://blog.paymentworks.com/what-procurement-can-learn-from-ap) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/what-procurement-can-learn-from-ap#comments-listing) Topics: [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [AP](https://blog.paymentworks.com/tag/ap), [procurement](https://blog.paymentworks.com/tag/procurement), [supply chain](https://blog.paymentworks.com/tag/supply-chain) ## [Bolstering the Team](https://blog.paymentworks.com/bolstering-the-team) Posted by [PaymentWorks Staff](https://blog.paymentworks.com/author/paymentworks-staff) on May 12, 2021, 1:30:57 PM - [Tweet](https://twitter.com/share) [![Auletta and Hynes headshots](https://blog.paymentworks.com/hubfs/5.11.21%20Welcome%20to%20the%20Team%20graphic-1-1.jpg)](https://blog.paymentworks.com/bolstering-the-team)   [Read More](https://blog.paymentworks.com/bolstering-the-team) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/bolstering-the-team#comments-listing) Topics: [compliance](https://blog.paymentworks.com/tag/compliance), [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [procurement](https://blog.paymentworks.com/tag/procurement), [vendor master](https://blog.paymentworks.com/tag/vendor-master), [risk](https://blog.paymentworks.com/tag/risk) ## ["Where is My Vendor?"](https://blog.paymentworks.com/where-is-my-vendor) Posted by [Taylor Nemeth](https://blog.paymentworks.com/author/taylor-nemeth) on Nov 17, 2020, 10:01:00 AM - [Tweet](https://twitter.com/share) [![Wendy Grayauskie and Miguel Silva on PaymentWorks Presents](https://blog.paymentworks.com/hubfs/PW%20-%20presents-Ep4-pix-w-margin_2x1.jpg)](https://blog.paymentworks.com/where-is-my-vendor)   Wendy Grayauskie, Assistant Director for Procurement at Villanova University, and Miguel Silva, Procurement Assistant for CSU Monterey Bay, joined us for the 4th installment of our podcast: [PaymentWorks Presents Risky Business. ](https://podcasts.apple.com/us/podcast/risky-business-wheres-my-vendor/id1580993090?i=1000532288544) Below is an edited excerpt from that conversation where they discuss how the title of this blog is what keeps them up at night. You can listen to the full podcast [here.](https://podcasts.apple.com/us/podcast/risky-business-wheres-my-vendor/id1580993090?i=1000532288544) ![Wendy Grayauskie and Miguel Silva](https://blog.paymentworks.com/hs-fs/hubfs/wendy%20miguel.png?width=557&name=wendy%20miguel.png) [Read More](https://blog.paymentworks.com/where-is-my-vendor) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/where-is-my-vendor#comments-listing) Topics: [higher education](https://blog.paymentworks.com/tag/higher-education), [AP](https://blog.paymentworks.com/tag/ap), [procurement](https://blog.paymentworks.com/tag/procurement), [podcast](https://blog.paymentworks.com/tag/podcast), [vendor master](https://blog.paymentworks.com/tag/vendor-master) ## [5 Ways Your Vendor Master is Costing You Money - Mistakes & Fraud Edition](https://blog.paymentworks.com/5-ways-your-vendor-master-is-costing-you-money-mistakes-fraud-edition) Posted by [Angela Sarno](https://blog.paymentworks.com/author/angela-sarno) on Oct 6, 2020, 10:02:00 AM - [Tweet](https://twitter.com/share) [![Your Vendor Master is Costing You Money](https://blog.paymentworks.com/hubfs/shutterstock_188080733%20(1).jpg)](https://blog.paymentworks.com/5-ways-your-vendor-master-is-costing-you-money-mistakes-fraud-edition) Mistakes are going to happen in any business, at least any business that involves humans. There really isn’t any way around that.  While it would be wonderful to eliminate the scourge of mistakes completely, that just isn't realistic. The goal, instead, should be to minimize exposure to risks while decreasing the high costs that come with onboarding and maintaining your vendor master. And make no mistake, the costs are indeed high. Benchmarking among our customer base indicates it costs $100-200 to onboard and maintain each of your vendors, each and every year you keep them on your vendor master!   ![shutterstock_188080733 (1)](https://blog.paymentworks.com/hs-fs/hubfs/shutterstock_188080733%20(1).jpg?width=644&name=shutterstock_188080733%20(1).jpg) We have five ways your vendor master is costing you money, along with some practical advice on how to keep those costs down. [Read More](https://blog.paymentworks.com/5-ways-your-vendor-master-is-costing-you-money-mistakes-fraud-edition) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/5-ways-your-vendor-master-is-costing-you-money-mistakes-fraud-edition#comments-listing) Topics: [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [AP](https://blog.paymentworks.com/tag/ap), [procurement](https://blog.paymentworks.com/tag/procurement), [ACH](https://blog.paymentworks.com/tag/ach), [vendor master](https://blog.paymentworks.com/tag/vendor-master) ## [Business Payments Fraud in Times of Crisis](https://blog.paymentworks.com/business-payments-fraud-in-times-of-crisis) Posted by [Taylor Nemeth](https://blog.paymentworks.com/author/taylor-nemeth) on Apr 28, 2020, 10:15:00 AM - [Tweet](https://twitter.com/share) [![PaymentWorks Eliminates Business Payments Fraud](https://blog.paymentworks.com/hubfs/PW-BlogGraphic-v2-4.27.20.jpg)](https://blog.paymentworks.com/business-payments-fraud-in-times-of-crisis)   *While the coronavirus pandemic is disrupting businesses all over the world, there’s one industry that’s boo**ming: payments fraud. * [Read More](https://blog.paymentworks.com/business-payments-fraud-in-times-of-crisis) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/business-payments-fraud-in-times-of-crisis#comments-listing) Topics: [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [AP](https://blog.paymentworks.com/tag/ap), [procurement](https://blog.paymentworks.com/tag/procurement) [All posts](https://blog.paymentworks.com/all) ![PaymentWorks-Logo-Black_600tall](https://blog.paymentworks.com/hs-fs/hubfs/Branding/Logos/PaymentWorks-Logo-Black_600tall.jpg?width=272&name=PaymentWorks-Logo-Black_600tall.jpg) Digital Supplier Onboarding for Secure, Compliant, and Optimized Business Payments. - **Eradicate** Fraud - **Ensure** Compliance - **Eliminate** Paper ### Sign up to be alerted when we publish interesting things ### Recent Posts ### Posts by Tag - [payments fraud (28)](https://blog.paymentworks.com/tag/payments-fraud) - [risk (25)](https://blog.paymentworks.com/tag/risk) - [vendor master (19)](https://blog.paymentworks.com/tag/vendor-master) - [insurance (13)](https://blog.paymentworks.com/tag/insurance) - [ACH (12)](https://blog.paymentworks.com/tag/ach) - [AP (12)](https://blog.paymentworks.com/tag/ap) - [compliance (12)](https://blog.paymentworks.com/tag/compliance) - [podcast (8)](https://blog.paymentworks.com/tag/podcast) - [procurement (6)](https://blog.paymentworks.com/tag/procurement) - [social engineering fraud (6)](https://blog.paymentworks.com/tag/social-engineering-fraud) - [business payments (5)](https://blog.paymentworks.com/tag/business-payments) - [higher education (5)](https://blog.paymentworks.com/tag/higher-education) - [Cyber Security (3)](https://blog.paymentworks.com/tag/cyber-security) - [banks (2)](https://blog.paymentworks.com/tag/banks) - [identity (2)](https://blog.paymentworks.com/tag/identity) - [supply chain (2)](https://blog.paymentworks.com/tag/supply-chain) - [tips from the frontlines (2)](https://blog.paymentworks.com/tag/tips-from-the-frontlines) - [#paymentsfraud (1)](https://blog.paymentworks.com/tag/paymentsfraud) - [Insider (1)](https://blog.paymentworks.com/tag/insider) - [vendor management (1)](https://blog.paymentworks.com/tag/vendor-management) See all #### How it Works [Overview](https://www.paymentworks.com/how-it-works) [Why it Matters](https://www.paymentworks.com/why-it-matters) #### For Payers - See how they do it at: [*Hackensack Meridian*](https://www.paymentworks.com/case-studies/hackensack-meridian/) [*University of Kentucky*](https://www.paymentworks.com/case-studies/kentucky/) [*Johns Hopkins Enterprises*](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) #### For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) #### About [About Us](https://www.paymentworks.com/about-us/paymentworks/) [Our Partners](https://www.paymentworks.com/about-us/partners/) [Work Here](https://www.paymentworks.com/about-us/work-here/) [Press](https://news.paymentworks.com/press) #### Contact Us - Sales [info@paymentworks.com](mailto:info@paymentworks.com) - Support [support@paymentworks.com](mailto:support@paymentworks.com) - Press [press@paymentworks.com](mailto:press@paymentworks.com) - HQ [info@paymentworks.com](mailto:info@paymentworks.com) ##### 51 Sawyer Road Suite 310 Waltham, MA 02453 © 2014 - 2021 PaymentWorks, Inc. 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