Vendor Compliance | Procure to Pay
Compliance Checks
Screening and verification that runs before transacting.
What it does
Inside Compliance Checks.
The check that was run, and when, is a field rather than a memory.
01
Registration and tax status verification against source registries
02
Sanctions and restricted party screening with match review
03
Beneficial ownership and related party identification
04
Result, evidence and timestamp stored against the vendor
Where it sits
Part of Vendor Compliance.
Document Control The required documents, held, versioned and dated. Continuous Monitoring Status re-checked on a schedule, not at onboarding only. 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 Compliance Checks against your books.
A working session on your structure and a month of your documents.