Vendor Validation in AP: Identify Incomplete and Bad Data Before it Becomes a Problem

Vendor Validation is a tool that helps you identify incomplete and bad data before it becomes a problem. During the initial setup, you might get inundated with errors, alerts, or held payments—but don’t worry, that’s part of the process. Use Vendor Validation to safeguard your master data: 

• Verify a vendor’s Tax Identification Number (TIN) with the IRS, ensuring its validity. 

• Compare vendor data with the Office of Foreign Assets Control (OFAC) Sanctions List. This list includes entities you must avoid doing business with because they are sanctioned by that office. 

• Validate addresses with Google Address Validation.