Vendor Risk Management Software
Strengthen Compliance and Indemnify Payments!
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Our secure vendor risk management software helps you do both by automating compliance and protecting your payments with up to $2 million indemnification against fraud.
Payment Fraud Protection You Can Count On
At PaymentWorks, we don’t just help you prevent payment fraud; we stand behind it.
Our platform includes payment fraud indemnification of up to $2 million per occurrence, at no extra cost. That’s double what others offer — without the asterisks, hidden clauses, or red tape.
If a fraudster gets through our platform and you pay them, we cover the loss. No questions, no fine print. This kind of protection is critical when eight in ten organizations face attacks and only a fraction ever recovers stolen funds.
With PaymentWorks, you can stop worrying about whether your process is enough and start trusting that it is.
Highest Commitment to Security & Compliance
At PaymentWorks, we don’t just help you prevent payment fraud; we stand behind it.
When it comes to managing vendor data, security and compliance aren’t optional—they’re essential. That’s why we’ve gone the extra mile to earn SOC 1, SOC 2, and TX-RAMP certifications.
Additionally, we are Nacha Compliant (Audited by the Clearing House), proving our commitment to the highest standards of data protection, risk management, and regulatory compliance. We are also a Chubb Preferred Loss Prevention Provider. With these industry-leading certifications, you can trust that your vendor data is handled with the utmost security, keeping you compliant and reducing risk at every step.
Because protecting your business is just as important to us as it is to you.
Automated Data Checks
Tired of getting locked out of TINCheck or navigating a desk littered with sticky note reminders to re-check debarment lists for each PO?
First-party and third-party data checks are the foundation of secure, accurate vendor onboarding—but manual checks are slow, error-prone, and difficult to track.
PaymentWorks automates all required data checks in one platform, ensuring vendor compliance and consolidating everything into a single, streamlined onboarding or update file.
Our platform checks and submits all compliance and payment information at the same time, saving you time and money while lowering your fraud risk.
Vetted, Efficient Payee Network
We’ve perfected how to collect payee data, so you don’t have to. Our standardized, expert-designed process ensures you get the right information in the right format—no guesswork, no gaps.
Unlike other platforms that push their own networks, PaymentWorks is ERP-agnostic and works with any financial system. We’re here to simplify vendor data collection, not to hold your vendor data for ransom by locking you in.
For payees, we offer an unmatched experience: It’s free to join, they can connect with multiple customers at once, and updates happen in one place—ensuring accuracy across the board. And we ensure vendor payments aren’t redirected to a fraudster.
PaymentWorks doesn’t just simplify vendor onboarding, we make it safe and effortless.
Automated Risk Pattern Identification
Human eyes weren’t built to identify the types of fraud and risk we deal with today. The good news? With PaymentWorks, you can give your eyes (and blood pressure) a rest.
Our vendor risk management platform uses machine learning to zero in on risk patterns in data, flagging them before any money flies out the door.
Every single red flag is reviewed and new inputs reinforce the feedback loop, making the platform—and risk identification—stronger over time.
We shoulder your risk so you can focus on your job: building and executing strategy and adding value.
Strategic Alliances & Partnerships
We don’t just talk about security and efficiency—we build it alongside the best. Our partnerships with system integrators, technical experts, and strategic allies help ensure every transaction is fast, seamless, and secure.
The biggest names in finance and insurance trust PaymentWorks. The largest insurer you know relies on us as their only loss prevention provider for social engineering fraud, and some of the world’s biggest banks recommend us to their clients.
When industry leaders put their confidence in PaymentWorks, you can too. Our network, expertise, and partnerships work together to protect your payments and eliminate risk—so you can focus on growing your business.
Intelligent, Secure Vendor Management
Managing vendor accounts across multiple locations and tax IDs is messy, time-consuming, and full of risk.
That’s why we built Registration Routing™—the only solution in the industry that intelligently matches multiple order and remit addresses to a single tax ID.
No more duplicate vendors. No more outdated, error-prone records that increase your fraud risk. Just a clean, organized vendor file that makes your team’s job easier. Ready to take the first step? Let’s clean up your vendor data today.
Get Control Over Vendor Onboarding and Management
Take the TourAutomate Onboarding
and Maintenance
30% of suppliers change info every year
Protect
Against Fraud
Billions of dollars indemnified through PaymentWorks
Optimize Your
Payments
85% opt for electronic payment types
$325,466,496
Fraud Stopped to Date
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Vendor risk management software helps businesses assess, monitor, and mitigate risks associated with third-party vendors. It ensures that suppliers meet compliance, security, and financial requirements before they get onboarded and paid.
Companies can expose themselves to fraud, compliance violations, and payment errors without a structured system. A robust vendor risk management solution, like PaymentWorks, automates due diligence, reducing the risk of fraud and ensuring the accuracy of vendor information. It also helps businesses comply with GDPR, SOC 2, and OFAC screening regulations.
Vendor risk management software enables companies to simplify onboarding, protect sensitive data, and ensure payments go to the right entity—all while maintaining strong relationships with trusted vendors.