Vendor information management specialists have heard it before. Strong passwords are vital to security. Their value cannot be overstated. Passwords are gatekeepers to our online identities, financial information, and processes, and they are the first defense against cyber threats. Understanding how to create a robust password is essential for anyone navigating the internet. Yet, cybersecurity…
Are you required to change your password every quarter? Do you have to include special characters in your passwords? It is annoying but also easy to update your password, right? Just add a “1” at the end of it. Then, next month or quarter, change the “1” to a “2,” and so on. Unfortunately, such cleverness…
How do you collect your vendors’ W-9 information? What about bank information for ACH payments? Here is an instruction that one organization includes on its ACH Enrollment Form on which the vendor is asked for their bank account information. It’s common: “Please email the completed form along with a copy of a VOIDED CHECK to: … ”…