Mekorma Vendor Validation works in conjunction with Acumatica Cloud Enterprise Resource Planning (ERP) to save you time on critical Accounts Payable (AP) processes. Our providers allow you to do business with peace of mind by validating your Vendor Master File data during onboarding and throughout the payment lifecycle.
Vendor Validation works with our services (also known as providers) to validate different types of data during the validation process. The results of these validations are compiled and displayed clearly in your system. The Vendor Validation providers we currently offer are:
- TIN Matching: Every time you add a new vendor or update a vendor, Vendor Validation automatically verifies a vendor’s Taxpayer Identification Number (TIN) with the Internal Revenue Service (IRS), ensuring legitimacy and saving you stress.
- OFAC Check: It is important that you know your vendors are not on the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) sanctions list. This list includes entities you want to avoid doing business with such as groups deemed a threat to the United States.
The process is simple to configure and runs with just one click. Since Acumatica is a cloud-based service, this is all done with ease from your web browser.
Post your comment on this topic.