Payee management is a complex, manual, people-intensive, and error-prone process – making it vulnerable to attacks by fraudsters, costly to manage, and difficult to comply with intense regulatory requirements and scrutiny.
PaymentWorks has been uniquely designed and architected as a first-of its-kind business identity platform to complement other procure-to-pay systems that are ill-suited to the task. The platform enables customers to automate the collection and verification of business identity information for all their payees and allows for the continuous monitoring and updating of the information – while thwarting any efforts to hijack an existing vendor record and redirect payments. PaymentWorks protects your organization from business payments fraud and ensures compliance with increasingly intense regulatory requirements and scrutiny.
