In today’s digital age, where fraud attempts are more prevalent than ever, relying solely on manual validation puts your organization at risk. Supplier data validation goes beyond simple accuracy—it offers security and safeguards against internal and external threats. While companies have invested in data collection systems, manual validation remains an issue. This isn’t merely an efficiency problem; it’s about building robust defenses in a continuously evolving risk landscape.
Real-time supplier data compliance checks with recognized sanctions lists.
Supplier data validation capabilities in over 110 countries to mitigate risks across international operations.
Benefit from rapid deployments with our integration-first approach. Get your system up and running without any delays.
Achieve full clarity at every stage with auditable and reportable validations.
Apply automated checks in the supplier onboarding process to stop possible fraudsters at the front door. Re-check when suppliers change their information and run periodic checks for risky suppliers. Better yet, add automation to the invoicing process when processing one-time suppliers for payment.
It is a requirement in the US that IRS forms W9 and W8 are collected from all suppliers. Avoid the manual process of verifying info on these forms against supplier database information by letting Relish automatically read and compare these forms. Add this process to the PII Protect and Assure workflow if the supplier indicates that these forms will include PII information.
Relish's international bank account validation service provides comprehensive global coverage, ensuring thorough verification of bank account ownership, status, and standing across the world. Tailored for multinational companies, our solution integrates directly into supplier registration workflows, significantly enhancing fraud prevention and streamlining the elimination of manual bank validations.