After validating a vendor, each vendor is given a status. The three statuses for Mekorma Vendor Validation are Ok, Warning, and Error.
Ok
Ok means all systems are go. There are no problems found on a validation search.
Warning
Warning means there is an uncertain result. For example, you enter “John Smith” and the OFAC sanctions list returns a partial match for “John S”. It is then up to you to review the vendor and information you have and determine whether you want to continue or not.
Error
Error occurs when there is a problem found on a validation search. For example, a full match on the OFAC list, the TIN and name combination do not match IRS records, or both of these occur. When an error result is received, you will need to review your vendor and their information. If they are on the OFAC list, you might want to reconsider doing business with them. If they fail the TIN Check, you need to apply retainage. You can review the steps to apply retainage in Configuring TIN Provider, step 4.
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