Overview
Implement a robust process for managing changes to supplier bank details within Sage X3 or Sage Intacct, ensuring secure authorisation and reducing fraud risks.
Common Challenges
Manually managing bank details is susceptible to delays, manual errors and an increased risk of fraud.
Common challenges include:
- Inefficient manual processes: Managing bank detail changes manually can lead to delays and increased fraud risk.
- Higher risk of errors: Manual approval processes are more susceptible to mistakes, potentially leading to financial losses.
- Limited oversight: Lack of automated tracking can hinder visibility into bank detail changes, complicating audits and compliance.
- Increased administrative burden: Managing changes manually takes time and resources away from strategic tasks.
The Solution
The custom Supplier Bank Details Authorisation extension protects sensitive data, streamlines the authorisation process while maintaining a clear audit trail.
Key Features include:
- Customisable authorisation workflows for bank detail changes.
- Notification system for required approvals.
- Comprehensive audit trail for all changes.
Benefits
Automating the authorisation process saves time and provides a robust compliance process. Benefits include:
- Enhanced Security: Reduces the risk of fraud by ensuring that all bank detail changes are thoroughly vetted.
- Streamlined Processes: Automates the authorisation process, improving response times for supplier changes.
- Clear Audit Trails: Provides a transparent record of all changes, aiding in compliance and accountability.
- Improved Supplier Trust: Builds confidence with suppliers through secure and efficient processes.
Interested in adding Supplier Bank Details Authorisation?
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