Vendor Onboarding

Onboarding Controls: Secure Vendor Onboarding

The Onboarding Moment Is a Control Moment Vendor onboarding is the point at which a new payment relationship is established — and it is one of the highest-risk moments in the entire accounts payable lifecycle. It is the moment when vendor identity is either verified or assumed, when banking information is either authenticated or taken on faith, and when the controls either hold or fail. What happens at onboarding sets the risk profile for every payment that follows. Despite this, many organiza