Vendor Compliance | Procure to Pay
Continuous Monitoring
Status re-checked on a schedule, not at onboarding only.
What it does
Inside Continuous Monitoring.
A vendor who lapses is caught in days rather than at the next annual review.
01
Re-screening cycles driven by risk tier and category
02
Filing behaviour and registration status monitoring
03
Change alerts routed to a named owner as a task
04
History of every status change with its date
Where it sits
Part of Vendor Compliance.
Document Control The required documents, held, versioned and dated. Compliance Checks Screening and verification that runs before transacting. Controls and Segregation Who may create, change, approve and pay, enforced separately. Certifications Standards, insurance and accreditations tracked to expiry. Audit Trail Every check, acceptance and override, retained. Vendor Scorecards One weighted score per vendor, over the criteria you actually measure. Statutory Exposure Where paying a vendor late costs you a deduction, not just goodwill.
Run Continuous Monitoring against your books.
A working session on your structure and a month of your documents.