Phil Binkow is CEO of Financial Operations Networks (FON), developer of VendorInfo, InvoiceInfo and the Vendor Information Management Center of Excellence, a leading suite of software-as-a-service platforms that allow finance teams to onboard, verify and manage suppliers with confidence, reduce cost and risk and strengthen compliance.
Prior to starting Financial Operations Networks, Phil founded and served as CEO of PayTECH, a leading electronic invoice processing, disbursements and spend analytics platform serving companies such as Oracle, Cisco, the Gap, Charles Schwab, JP Morgan Chase and NCR. Under Phil PayTECH grew to process and pay over 100 million invoices annually. In 2002 FON founded The Accounts Payable Network (TAPN), which grew to become the world’s largest accounts payable training and certification organization.
Phony bank account change requests aren’t just another check box on a fraud prevention list – they’re one of the most immediate and dangerous threats facing healthcare AP teams today.