Make vendor management easy: check suppliers with the SurePay IBAN-Name Check
How can you be sure you are onboarding vendors with the correct company and payment details? Our IBAN-Name Check makes vendor management easy. Check the name and IBAN of suppliers, as well as the master data of an invoice such as VAT and Chamber of Commerce number.
Good vendor management is important. How do you avoid paying ghost invoices? And isn’t there a smarter alternative to the 4-eye principle that takes less time? Simplify the process of onboarding new suppliers and checking existing ones. This helps, for example, Grolsch prevent fraud, Mitros optimise processes and De Connectie saves a lot of time.
Difficult onboarding new suppliers
How do you currently onboard new suppliers? It is probably a labour-intensive process. Many organisations call suppliers to check the data provided. That check is important and understandable. You want to avoid paying out ghost invoices, for example. Nevertheless, the traditional method is unnecessarily time-consuming.
Forget asking for a copy of a bank statement, for example. Simplify onboarding, by doing away with the 4-eye principle for this confident process. Make it easier for yourself, with higher reliability.
Our IBAN-Name Check saves time, improves reliability and prevents you from accidentally approving phantom invoices. In batches, these are often hard to spot. But not with our IBAN-Name Check, as it allows you to easily check the combination of a name and IBAN.
Get it right with our IBAN-Name Check
Redesign your vendor management, both for new and existing suppliers. Thanks to our solution, you can be sure that you pay invoices to the right supplier (or collect the correct data).
Our IBAN-Name Check works easily and for all suppliers. Check the name and an IBAN to make sure the data match. You also easily check the master data of each invoice, such as VAT number and Chamber of Commerce number.
Ideal with many suppliers
Our customers prove that it works:
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Grolsch prevents fraud
The brewery heard of fraud at a fellow international brewery. That's why the IBAN-Name Check for Businesses was introduced. Grolsch uploads CSV files with all suppliers, to check them at once. -
Mitros optimises processes
The housing corporation checks both new and existing suppliers. "Thanks to this solution, we know for sure that we are paying to the right person or organisation. In addition, typos in ascriptions are prevented and Mitros has a cleaned up database. This ensures certainty within the organisation." -
The Connection saves time
This organisation that focuses on the business operations of the municipalities of Arnhem, Renkum and Rheden uses the IBAN-Name Check to check supplier data. "Previously, suppliers were approached if they could send a copy of their bank details. As a result, checking data was a lengthy, manual process. With the IBAN-Name Check, The Connection saves a lot of time; checking data is now done within seconds, instead of 1-2 weeks."
We also recently closed a partnership with IXPnext. The organisation helps more than 400 companies make more financial impact, thanks to solutions for invoice processing, supplier and contract management.
Our IBAN-Name Check makes vendor management through ISPnext a lot easier. It helps them avoid paying phantom invoices. Maarten de Ru, Director Partners & Alliances at ISPnext explains: ”We are incredibly excited about the opportunities offered by the partnership with SurePay. With SurePay’s expertise, we ensure that money is always transferred to the right person or organisation. This is essential to prevent fraud, incorrect payments and collections.”
Try it for free in our portal
Want to experience for yourself how it works? Try our IBAN-Name Check 50x for free in our Portal.
In the portal, enter a name and an account number to check the combination. See immediately whether there is a match, a possible typo or a mismatch, i.e. possible fraud.
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The latest developments
Elevating Bank Fraud Prevention with Fraud Risk Indicator
Beyond Rumour: Solving GDPR Challenges in IBAN Name Verification
SurePay IBAN-Name Check portal now available in the Exact App Store
SurePay announces one European IBAN-Name Check
CEO fraud runs rampant, but can be minimised with an IBAN-Name Check
