The Challenge of Verifying Supplier Information
Managing supplier information has never been easy. Small slipups in collecting, verifying and storing supplier information increase errors, non-compliance and fraud vulnerability.
The prolonged shift to remote work has made verifying supplier information harder and riskier. Bad actors are using the disruption caused by remote working to perpetrate payment fraud.
Many businesses have been forced to choose between established policies and procedures for collecting, verifying and storing supplier information and keeping their supply chains moving.
Automating the verification of bank account details and other supplier information can help.
This white paper will show you how.