Cabarrus County
Immediate and long-term vendor risk mitigation after a $2.5M scam.
What We Do
Simplify Vendor Management. Eliminate Risk. Digitize Payments.
Automate your entire vendor onboarding and maintenance process to eliminate manual complexity, offload fraud risk, and stop paying with checks.
See How It WorksSee PaymentWorks in Action
Discover how our automated platform handles everything from W-9 collection to continuous global sanction screening.
Take the Tour
Quickly and Easily Verify Vendors
Tired of chasing down paperwork and manually verifying vendor information?
Automated vendor management ensures that every new vendor in your system is properly vetted and verified in real time.
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Reduce manual entry errors: Automation checks vendor data against multiple 1st and 3rd-party sources instantly, ensuring authenticity.
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Save time: No more endless calls, look ups, and documentation—automated checks authenticate vendor data within seconds.
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Stay compliant: Our system continuously checks against a configurable set of 1,400+ sanctions lists, keeping your payments compliant.
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Friction free connections: Reusable, authenticated PaymentWorks Payee Profiles speed onboarding to seconds.
Boost Vendor Onboarding Efficiency
Is your vendor onboarding process a bottleneck stuck in someone's email box?
Our automated vendor management software creates visibility and speed for the entire process, getting vendors set up quickly and efficiently.
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Quickly Connect: Vendors already in the network onboard easily.
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Gain visibility: Onboarding tracker keeps every stakeholder in the loop during onboarding and the approval process.
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Automate the weedy work: No more emails, no more 3rd party look ups, no more tracking progress in a spreadsheet.
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Gain visibility: Track every step of the onboarding process in real time, so you’re never in the dark about vendor status.
Stop Vendor Fraud Before It Happens
Does a vendor bank account change keep you up at night?
Our platform stops fraud before it enters your financial system.
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Reduce human error: Automation replaces tedious fraud checks, removing the burden of fraud fighting from your staff.
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Controlled process: Our auditable, timestamped, compliant platform meets Nacha Credit Push Rules compliance.
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Approval control: Fine-grained permissions ensure that only designated user have access to sensitive data.
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Tokenized bank data: Keep banking data out of your ERP, eliminating an entry point for risk related to hacking or insider fraud.
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Indemnified payments: If PaymentWorks says it's okay to pay, fraud risk moves off of your plate, and onto ours.
Make Vendor Risk Management a Breeze
Vendor risk starts at onboarding. Manual processes don't make the cut.
With automated vendor risk management, you can continuously monitor and assess vendor payment risk without the hassle.
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Fraud checks: Bank accounts authenticated at onboarding, and payments risk-assessed before delivery to your bank.
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Multi-factor authentication adds security: MFA for vendor data changes reduces risk of account takeover.
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Ongoing monitoring: Our platform monitors sanctions lists continuously, so you’re always in compliance.
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Timestamped approvals: Enhance your audit trail and reduce bottlenecks with timestamped actions to improve cycle time.
Verify The Burden of Vendor Compliance
Staying compliant with multiple regulations can feel like an impossible task.
Our automated vendor management platform helps you stay on top of the ever-changing your regulatory requirements with ease.
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Ongoing compliance checks: Automation continuously runs vendors through sanctions lists.
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Reduce risk: Proactively manage compliance issues before they escalate with automated alerts.
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Source of truth: Collect certifications of insurance, conflict of interest, and W9s in one secure platform.
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Audit-ready documentation: Easily track and store compliance documentation, making audits a breeze.
Optimize Your Payments Strategy
Still trying to convert your vendors to digital payment types?
85% of PaymentWorks vendor opt for ACH or Virtual Card Payments. Stop paying by check.
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Marry payables strategy to vendor onboarding: Drive preferred payment and earn rebate revenue from the very first invoice paid.
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Drastically reduce check payments: Dynamic payment method allows you to highlight your preferred payment types.
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Increase efficiency: No more time chasing down returned checks, and repetitive administrative tasks = more time focusing on growth.
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Indemnified payments: Your ACH payments are always worry-free.
What our Clients Say
Payment Optimization
When it was time to renew, our insurance carrier really wanted to make sure we had stronger controls in place. PaymentWorks is part of that external safeguard.
Jill Liegghio
Sr. Mgr., Treasury & Shared Services
PaymentWorks is critical to ensuring our supplier records can be trusted to meet internal audit requirements and ensure our Finance team can process payments timely and accurately.
The configurable compliance feature ensures our suppliers meet our targeted sanction list monitoring.
Ben Lao
Global Procurement Lead
Fraud Protection
PaymentWorks ensures that payments made to vendors are secure and virtually risk-free.
The added control of vetting vendor information is something we did not previously do and has enhanced our overall system of internal control.
Jessica Dioquino
Accounting Manager
Real Organizations. Real Results.
City of Vista, California
How to automate vendor onboarding and up-level payments strategy.
University of Tennessee
Optimizing vendor management for increased efficiency, clean vendor data, and reduced fraud risk.
Ready To Take The Hassle Out Of Vendor Management?
PaymentWorks automates the entire vendor management lifecycle—from onboarding to payments—while reducing risk, improving efficiency, and staying compliant. Let automation do the heavy lifting, so you can focus on building better vendor relationships and growing your business.
A vendor management system (VMS) is a centralized software platform that helps businesses manage and streamline the entire payment lifecycle of their vendors, contractors, and suppliers.
A vendor management system ensures greater transparency and control over third-party relationships—from vendor onboarding to status monitoring, compliance tracking, and electronic vendor payments.
It simplifies tasks like vendor banking verification, sanctions screening, and risk mitigation by providing businesses with real-time data and automation. Consolidating vendor payment information into one place allows companies to optimize their vendor partnerships and enhance efficiency.