Financial Services & Insurance
Verify suppliers and validate invoices with AI that catches what manual processes miss
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Vendor impersonation, altered banking details, and fraudulent supplier data expose financial and insurance organizations to millions in potential losses. With Data Assure, all registering supplier data is validated, flagged, or rejected based on automatic multi-source spot checks. Data Assure globally validates:
Supplier Fraud Prevention
Legal name
Tax IDs
Address
Bank Details (name, routing)
Bank Account (verification, ownership)
Gobal Sanctions/Watchlists
W8, W9 (only applicable to SAP)
PII
EcoVadis (add-on, third-party)
GAN (add-on, third-party)
D&B (add-on, third-party)
With Relish Data Assure, 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.
Learn MoreFinancial institutions receive thousands of invoices from suppliers who can’t or won’t use electronic platforms. These rogue invoices arrive on paper or via email, creating manual work that slows AP teams, introduces errors, and opens the door to fraud. Manual processing creates the exact vulnerability financial institutions can’t afford.
Invoice AI automatically reads invoices from any source, in any format, and validates them against master data, POs, government tax authorities, and more.
Invoice AI is specifically tuned to read disparate invoicing documents:
Processing invoices in over 300 languages
AI rule-based invoice automation
Elimination of re-keying supplier invoices
Touchless processing of the most complex invoices
Invoice error correction, before AP interaction
Invoice AI automatically reads invoices from any source, in any format, and validates them against master data, POs, government tax authorities, and more.
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“Partnering with Relish to further develop SAP-embedded solutions has placed PayPal at the forefront of AI-powered invoicing and supplier management. Relish is passionate about making our procurement software run at maximum efficiency while maintaining the highest quality standards.”
Read the Case Study
Rose Keogh
/
Global Accounts Payable Manager
Integrate With Ease
Relish apps are easy to install and configured to extend your existing enterprise application. No new long-term projects. Just install and go.
Secure Your Data
Relish utilizes SOC-2 enterprise-grade security practices to safeguard sensitive supplier and invoice information. All verification happens inside your trusted enterprise applications, ensuring your data stays protected and compliant with financial industry standards.
A Preferred Partner
Our solutions install quickly, integrate seamlessly, and operate inside your existing workflows so your teams gain stronger controls without changing how they work. Work directly with Relish or find us on the SAP Store, Workday Marketplace or Coupa App Marketplace. We meet you where you are.
Trusted by Leading Financial Institutions
Industry leaders know that standard enterprise systems don’t catch everything. Relish strengthens supplier and invoice workflows with automated identity, data, and banking checks that close the gaps financial institutions care about most. Leading banks, insurers, and payment platforms rely on Relish to reduce risk, improve accuracy, and operate with confidence at scale.
Integrate with your existing software
Easily extend and simplify your workflows with native Relish integrations and powerful APIs.
Global Financial Services Challenges, Strategic Relish Outcomes
PayPal needed an invoice processing solution that could adapt to thousands of non-standard and government formatted invoices. PayPal also needed to overhaul its manual, laborious, error-prone supplier data validation processes with a strategic, automated approach.
Financial Services Supplier Risk and Compliance
How financial services teams protect their institutions from supplier identity, data, and verification gaps.
Financial services teams are expected to move fast without making mistakes.
But supplier data can change, verification is often manual, and responsibility is spread across teams and systems.
When something goes wrong, it’s rarely because no one cares. It’s because controls didn’t keep pace with change.
This guide outlines how financial institutions are strengthening supplier identity, data accuracy, and verification so risk is caught early, controls hold up, and teams stay out of the headlines.
Tools & Resources
Webinars
Discover what customers and industry experts are saying about Relish.
ROI Calculator
Calculate your potential savings with Relish Invoice AI.
Onboarding eBook
Optimize your supply chain and procurement processes by integrating new suppliers efficiently.
Case Study
Explore customer success stories and expert perspectives on Relish.
Spend Matters Analysis
What do analysts think? Explore Spend Matters’ assessment of Relish.
Frequently Asked Questions
In financial services, supplier data accuracy directly impacts payment integrity, fraud risk, and regulatory exposure. Incomplete or outdated supplier records can introduce vulnerabilities into onboarding, invoicing, and payment workflows, increasing the likelihood of errors, delays, or unauthorized activity.
Relish applies verification, validation, and continuous monitoring to supplier and invoice data throughout the supplier lifecycle. By strengthening controls around supplier identity, banking information, and invoice accuracy, Relish helps financial institutions reduce fraud risk before payments are issued.
No. Relish is designed to extend and strengthen the systems that financial institutions already use. Relish integrates with platforms such as SAP, Coupa, Workday, and ServiceNow, embedding verification and validation directly into existing workflows.
Relish provides defensible, audit-ready documentation across supplier and invoice workflows. Continuous monitoring and clear validation records help financial institutions demonstrate control, traceability, and oversight during audits and regulatory reviews.
Relish supports banks, insurers, payments providers, and other financial services organizations operating in highly regulated environments. While use cases vary, these organizations share a common need for accurate supplier data, reliable invoice processing, and strong controls over payment workflows.