Blog Post · May 21, 2021
Prevent Supplier Fraud: Automated Supplier Data Validation In 1-step
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When it comes to dealing with vendors and suppliers, most organizations rely on trust. Actually, 33% of all organizations indicate they do not maintain a vendor or supplier inventory or track the type of data those vendors have access to. Yet, 84% of companies fell victim to at least one instance of fraud in the past 12 months.
The best way to fight supplier fraud is by controlling the vendor registration process. But checking all the supplier data is manual and can be time-consuming.
Relish DATA ASSURE automatically validates your supplier data in one step. That’s right – no more manual researching supplier information. This includes legal name, address, US tax number, OFAC check, bank routing number, and more.
You will reduce inefficiencies associated with supplier integration, eliminate supplier registration errors, validate your suppliers are legitimate and trusted, as well as automate the supplier data gathering process.
How Can You Learn More About the Relish Application Platform?
Contact us at info@relishiq.com
It is that easy. Time to get connected!
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