See how PaymentWorks provides these key benefits:
Identity Proofing
The platform verifies the identity elements of the payee, along with their banking information.
Verification
Additionally, the platform verifies other compliance-related identity attributes, such as tax ID info and address, and monitors hundreds of government sanction lists.
Process Automation
The entire process of creating / updating payee profile information is payee-driven and automated, with the appropriate workflows and approvals before the vendor record is created—or updated—in the ERP.