Vendors

Invitation

Global EDGE has partnered with a number of Clients which may have asked you to complete the Vendor Registration or Authentication process.

1. You will have received a letter or email with a Reference ID.
2. Log on to www.GlobalEDGEGateway.com/Registration and enter your Reference ID

Create a Username and Password and Logon

After logging into the Global EDGE Platform with your new username and password, you will be asked to begin the Vendor Registration process.

1. Provide Business, Guarantor, Contact, and Address information
2. Provide a valid and up-to-date W-9 or W-8
3. Provide Minority Ownership and Non-Profit Certification (if applicable)
4. Provide banking information for ACH (Automated Clearing House) client payments (if applicable)
5. Pay Registration Fee (if applicable)
6. Follow prompts to log on to your personal Solutions Gateway

Additional Documentation

Upon completion of the authentication, you will gain access to your personal Vendor Solutions Gateway, where you will upload all additional documents as requested by your Client.

What	Why?
Company Name	This is used to authentication your business against public records and allows Global EDGE to build your W-9 form automatically
Contact Information	Used to provide your Client with updated, accurate contact information for your organization. Today, many Vendor Master Files don’t have current contact information.
Guarantor Information	Used to complete authentication of your business by matching public records to an individual who is responsible for your organization.
W-8, W-9 and Business Address	Used to ensure your Client has appropriate address information for 1099 reporting (physical business location)
Minority or Non-Profit Certification	Used to help our Client understand the appropriate distribution of specialty Vendors within their profile. This profile information may also be used in application for Government Funding.
Payment	Used to cover the cost of capturing and storing the data, completing an Authentication review for your client and for maintenance of your Vendor Solutions Gateway platform.
Additional Documents	Your Client may require additional documents for their records. Global EDGE may require additional documents to resolve conditions returned as part of the Authentication research.

Why a Solutions Gateway?

Our Clients have spoken and we’ve listened. Our Clients understand the value of creating an ongoing relationship with their Vendors, and current Accounts Payable and Procurement platforms don’t allow for integration of Client and Vendor Data.

What is the Solutions Gateway?

Upon completing your Registration, you will gain immediate access into the Solutions Gateway giving you:

1. Direct visibility to payments sent via ACH from your Clients, as well as your transaction history including invoice numbers, dates and amounts paid
2. A complete log of electronic broadcast communications from your Clients
3. Ability to maintain contact, address, and other business details for your Client
4. Secure storage for your organization's most important documents
5. Visibility to key Client documents; for example their W-9

We want your feedback!

Global EDGE was created on the foundation of generating value from Client and Vendor feedback and insight to build an application that benefits both our Clients and their Vendors. If you have comments, concerns or questions regarding the process, please contact us.

The most recent fraud research shows that 1 in 3 organizations are targeted for fraud. Fraudsters do not just target large, Fortune 500 companies: quite the opposite, in fact. According to the Association of Certified Fraud Examiner's (ACFE) 2012 Report to the Nations,

Small businesses are particularly vulnerable to fraud.

These organizations typically have fewer and less-effective anti-fraud controls in place. And due to their size and limited resources, the losses experienced by small businesses tend to have a greater impact than they would in larger organizations. ACFE's data suggests that small organizations were victimized by fraud more frequently than larger organizations and they suffered a disproportionate median loss of $147,000.

The types of fraudulent schemes most prevalent in small businesses also differ from their larger counterparts. Billing schemes were the most common fraud committed in smaller organizations, according to the ACFE's Report to the Nations. In addition, check tampering was three times as common, and payroll and skimming schemes were noted almost twice as often in smaller organizations than in their larger counterparts.

According to Dictionary.com (Random House Dictionary), Fraud is defined as:

deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.

The term fraud has come to encompass many forms of misconduct, including health care fraud, manipulated financial statements, and kickbacks, with new schemes emerging constantly.

Who is the typical fraudster?

Research indicates that the typical corporate fraudster is: Male, well-liked and respected, greedy, has pressing financial need e.g. has a gambling or drug problem, college educated, close relationship with suppliers, and hardworking. Other research indicates that women over age 45 are most likely to commit inter-office fraud and embezzlement in hospitals (HFMA, 2007).

Who can commit fraud in a business setting?

Fraud can be committed by a number of different entities: an individual within the Client’s organization; an individual within the vendor’s organization, or by the supplier itself. The ACFE reports that the vast majority (77%) of all frauds in their study were committed by individuals working in one of six departments: accounting, operations, sales, executive/upper management, customer service and purchasing.

How can fraud be committed by someone in our Client’s organization?

There are many different methods that can be used to siphon money within an Accounts Payable department: a clerk or purchasing agent can use a personal social security number as a “Vendor Number” and submit invoices to be paid; the employee can alter a returned check to be payable to himself; business checks can be stolen and written out to someone posing as a vendor (in which case, there would be no Purchase Order to back up that transaction).

Whether you are a Fortune 500 company, or a small privately held start-up with just a handful of employees, Global EDGE has the solutions to assist your business.  In fact, according to the Association of Certified Fraud Examiners, small businesses with less than 100 employees are most at risk for fraud and payment issues.  Contact Global EDGE and see what we can do to assist your company, and protect your bottom line.

Is Global EDGE Right for Me?

Global EDGE has architected its risk management tools in a way that allows for deployment in virtually any environment.  In fact, many of our products are subscription based and do not require multi-year contracts.  Our goal, to provide Risk Mitigation, Cost Containment, and Revenue Recovery, can be achieved with very little out-of-pocket cost, and the level of assurance it delivers is immediate.

What Solutions Are Available to a Small Business?

• Global EDGE Platform: Global EDGE has built a one of a kind platform that spans the procure-to-pay process.  Our platform links seemingly unrelated data into a single Risk Management Solution for our Clients. Now you have the ability to identify risk; stop fraud, waste and abuse; and, recover lost dollars that were misappropriated throughout the accounts payable process, all through a highly secure web-based platform.
• Supplier Authentication: Global EDGE provides organizations with a risk mitigation platform that is resourceful and thorough in screening and managing compliance of new and existing vendors.
• eBusiness Solutions: With Global EDGE, you can improve Accounts Payable efficiency with ePay, and streamline vendor communication with eBroadcast and eNotice, saving your organization time and money.
• Card Management Solutions: Encompas^TM focuses on Travel Cards, Purchase Cards, and Fleet Cards. The platform hosts a series of customizable scorecards that are used to monitor and track cardholder usage. This powerful tool will give extensive insight into usage patterns, policy violations, and exceptions to cardholder permissions.

Can I Afford the Global EDGE Solution?

• No hardware or software purchase required
• Most enhancements to our platform are free (with limited exception), pushed out to clients with a release notice
• Minimal monthly fees (due to self-service model)
• No need for long term contracts
• Can be accessed from anywhere, using an Internet connection
• Easy-to-use with low learning curve
• Optional full-service support
• Best  practice implementations
• Highly scalable as your business grows

Step One

Contact Us for a Demonstration: We would be happy to review the Global EDGE Suite and Platform with you and the leaders of your organization.

Step Two

Subscribe to the Products You Need:  Pick the products you think will most benefit your business and work with Global EDGE to activate the service. Global EDGE was designed with ease in mind. The solution operates on a hosted platform: eliminating the need to install hardware and software, and providing client organizations with the benefit of leveraging new features and enhancements immediately.

Step Three

Work Directly with our Team of Experts:  Upon partnering with Global EDGE, you are assigned a dedicated Relationship Manager and IT Support Representative.  These individuals will guide you through the process from start to finish:

• Ensuring successful implementation of chosen products and services;
• Preparing your Vendor Master File for our Global EDGE Platform;
• Working through questions, updates and  issues as they arise to produce maximum benefits;
• Identifying opportunities and sharing best practices; and
• Fostering an effective business feedback relationship.