Supplier Bank Details Authorisation

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 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.

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.