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How Finance and Procurement Leaders can Deter Supplier Fraud

Supply Chain

Costas Xyloyiannis, CEO at HICX, tells Supply Chain Digital how data and supplier-centricity can act as a foundation for digital transformation in business

Supplier fraud has risen sharply in recent years, with very few companies able to say they haven’t experienced some kind of vendor, supplier or procurement fraud.

In truth, this can often put down to faulty supplier information, a problem HICX—a leading supplier experience management solution—has been combatting over the past 12 years. 

Costas Xyloyiannis, the firm’s Co-Founder and CEO, established HICX in a bid to address the challenges presented by bad supplier data across enterprise. He has spent the last two decades helping some of the world’s largest companies take control of their supplier data and deliver a superior supplier experience.

Here, Xyloyiannis tells Supply Chain Digital how data and supplier-centricity can act as a foundation for digital transformation in business.

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