Remove Invoicing Remove Risk Analysis Remove Risk Management Remove Technology
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Supplier Risks And Confronting Supply Chain Unknowns

PYMNTS

When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it.

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A New Reality For Supplier Risk Management

PYMNTS

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. “Before, companies would think they needed to assess risk once a year,” Frank said.

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For Mastercard/OpenText and the Automotive Industry: Have Trust, Will Trade

PYMNTS

She said that Mastercard Track, which integrates with procure to pay processes (from invoicing all the way to electronic payment), “is not about writing another digital platform that is operating in isolation …but creating a platform that is about access to Mastercard and its partners.” Technology, she said, is the enabler of efficiency.