California Man Pleads Guilty To Embezzling Nearly $450K by submitting fraudulent vendor invoices for payment
Mark George Jankowski, 51, of Turlock, California has pleaded guilty to six counts of mail fraud for embezzling $448,366 from Ruiz Foods where he had been employed as Marketing Director. According to prosecutors, over a period of more than 5 1/2 years, from December 2004 to July 2010, Jankowski siphoned funds from the company by submitting […]
Combating Fraud with Vendor Data
According to the Association of Certified Fraud Examiners’ (ACFE’s) 2014 Report to the Nations on Occupational Fraud and Abuse, the typical organization loses 5% of its annual revenue to fraud. Approximately one-quarter of the frauds in the report involved losses of at least $1 million and more than 77% of the frauds were committed by individuals in one […]
What does online dating and vendor master files have in common?
What does online dating and vendor master files have in common? How are vendor master files and online dating at all related? Let’s take a look, first, at the concept behind both online dating sites and your vendor master file. First, they are databases of previous, current, and potential relationships. They hold basic profile information, […]
Vendor management drives cost containment and ensures compliance.
The state of your vendor master file directly impacts the amount of profits lost each month due to payment errors. Vendor Lynx, our one-of-a-kind supplier management platform, simplifies the clean-up of your vendor master file. We provide an all-inclusive vendor analysis, identifying duplicate and inactive vendors that put your organizations at risk. Our comprehensive reports […]
Vendor management more than an operational function
An established approach to vendor management requires the understanding that vendor management is more than an operational function. It is a key tool in supporting business strategy. Learn how how Global EDGE delivers the tools for you business strategy.
Maximize the value of supplier relationships
Building strong relationships with your suppliers to maximize the value of the relationship begins with proper vendor management. Expressing your strategic goals for your vendor management process provides the opportunity to allow suppliers to align with your goals. Vendor Lynx
Are you ready to increase operational spend control?
Are you performing random sample audits on your purchase cards? Are you ready to increase operational spend control? Do you want to identify every policy exception that occurs? It’s time to see Encompas! Request a demo today to learn how to have complete visibility into your spending.
Accounts Payable Recovery Audits: When and Why
To maintain sound financial operations accounts payable recovery audits are essential for your best practices. Hiring an outside firm provides an objective view into your accounts payable processes to identify gaps that may be hidden under good procedures. Many organizations incorporate an annual recovery audit within your accounts payable best practices to help identify trends […]
Is your Vendor Master File tax reporting ready?
Each year business pay fines up to $100 per incident for incorrect vendor data. This year don’t let your vendor master file be root cause of fines and penalties from the IRS.
Global EDGE Wins Innovation Award
Global EDGE receives GSDC Innovation Award for Vendor Lynx