Validating your vendors shows the current status of your vendor record and overall cleanliness of your vendor data. A comprehensive review allows your organization to evaluate how and what information is stored and how robust your vendor record is. Regular validations help your records stay clean and compliant and show that you took reasonable action in avoiding business with unlawful vendors.
When you run a validation, each vendor is checked against the configured providers—TIN Matching, OFAC Sanctions List, and Google Address Validation—and assigned a status: OK, Warning, or Error. These statuses reflect the cleanliness of the vendor’s data and determine if payments are blocked, based on your configuration for when to place a vendor on hold. The Blocked field of the vendor card shows whether payments are stopped.
- Vendor Validation integrates with Business Central to remove the manual tasks of validating and maintaining your vendor records by ensuring legitimacy and accuracy throughout your vendor lifecycle.
- Validate more than one vendor at a time or view the validation information for all your vendors in one place.
- You can exclude vendor records from validations when you have verified their information, but they fail the vendor validation.
- Understanding your results and the next steps to take is essential for troubleshooting issues.
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