Third Party Data
Automate all of the required 3rd party data checks your perform. Consolidate all necessary info right into the vendor onboarding or update file. No more getting locked out of TINCheck or having to remember to re-check debarment lists with each PO.
With all compliance and payment information checked and submitted at the same time, automating these checks in your process will save both time and money on 3rd party subscriptions.
As the platform expands with new suppliers, so too does the reliable vendor identity information. Each time an existing PaymentWorks vendor connects with a new customer, they save time by submitting already vetted information.
Additionally, payees can update information to all of their PaymentWorks customers at one time, ensuring accurate, up-to-date credentials at all times.
Payers on the Network have about an 85% overlap in what they need to collect, so each new Customer benefits from the Network’s proven best practices in vendor onboarding.
We know that the remaining 15% process is unique to you, and likely has some nuance. We are confident we can handle it because we’re already doing it. We’re no stranger to complicated situations and regulations and have data from across industries to prove what will save your team time and effort in your process.
With machine learning, our automated platform can find risk patterns in data and flag them before any of your dollars are lost. Every red flag gets a review, and the inputs make the platform stronger. This is how we shoulder your risk. You can relax your human firewall and let our platform do the hard work.
We keep good company. With system integrators, technical, referral and strategic alliances, our partners are key to building and maintaining security and speed in every transaction.
We’re so good that the biggest insurance company you know has us as their only loss prevention provider for social engineering fraud, the biggest bank you know recommends us to their clients and the only ACH governance organization that exists has named us a preferred partner for vendor identity management.
Vendor Management Complexities
We understand how complicated account structures in vendor management can be. We have tackled the root causes of what makes complex organizations so difficult for your vendor team to manage with Registration Routing™. Our onboarding platform has the only solution in the industry of how to route and match multiple order and remit addresses to a single tax id.
Say goodbye to duplicate vendors and a messy, outdated vendor file and start taking your first steps to a clean vendor file.