Vendor Management | Procure to Pay
Holds and Bank Changes
A vendor stopped, the reason recorded, and one named role able to release it.
What it does
Inside Holds and Bank Changes.
Nothing is paid to a vendor under review, and nobody has to remember why they were.
01
Holds at vendor level or on a single bill, with a stated reason
02
Bank detail changes held for independent confirmation before any payment
03
Release restricted to a named role, and recorded with who and when
04
Held items excluded from payment runs while the hold stands
Where it sits
Part of Vendor Management.
Vendor Master One governed record per vendor, per entity relationship. Onboarding A vendor is transactable only once the evidence is in. Qualification Category approvals with expiry dates that are enforced. Performance Delivery, quality and price measured from your own transactions. Risk Concentration, dependency and exposure made visible. Vendor Portal Vendors maintain their own details and see their own status. Vendor Statements Their balance against ours, with the difference worked out for you.
Run Holds and Bank Changes against your books.
A working session on your structure and a month of your documents.