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Service providers for vendor banking validation

January 5, 2024
January 5, 2024

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Q. My new employer is growing exponentially and hasn't had time to automate their AP processes to keep up with our increased volume. We are still paying most vendors by check (eek!) and the high volume of verbal verifications that are needed to validate vendor banking data for domestic ACH and international wire payments are killing us. I know there are service providers who have tools to quickly validate vendor banking data, but I'm not sure who those providers are. Does IOFM have a list of…

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