Description:
Vendor compliance doesn’t stop at onboarding. This course shows participants how to design and implement an ongoing vendor validation process to maintain clean and accurate records. We’ll cover how to determine the right frequency, the difference between bulk validation tools and one-by-one lookups, and what to consider when choosing third-party providers. Participants will also learn how to interpret validation results, document findings, and build an audit-ready monitoring process.
Agenda:
Why ongoing validations matter
Frequency: when and how often to validate vendors
Bulk validation tools vs one-by-one lookups
Key features to look for in validation providers
Documenting results for compliance and audits
What You’ll Learn:
Establish a repeatable process for ongoing vendor validations
Compare bulk vs. one-off validation options
Select the right third-party validation partners
Document results for continuous compliance and audit readiness
Audience:
AP teams, vendor management staff, procurement, compliance and risk professionals.