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When you centralize and automate business payments in Bottomline’s cloud-based Payments Hub, you can also proactively reduce errors and identify and stop payments to suspect businesses with Payee Management.

Set up your own workflows and approval processes for both payees and payments. Once in place, you can have confidence that your payments are only going to approved parties, and only after they’ve gone through your pre-configured SOPs.

Choose Which Advanced Validation Options to Activate

Prevent Errors and Maximize Security

  • ABA Lookup
    Validate ABA (routing) numbers to automatically populate the correct bank name and address.

  • SWIFT BIC Lookup
    Ensure the accuracy of SWIFT BIC codes with real-time lookup services to populate accurate bank account information.

  • IBAN Validation
    Perform IBAN validation to ensure correct formatting of international bank account numbers.

  • Sanction Checking
    Screen payees against restricted party lists to avoid transactions with prohibited organizations.

Configure Workflows and Rules to Boost Fraud Protection

  • Multi-Approval Workflows
    Set up approval workflows, approval controls, and email notifications for new payee requests and approvals.

  • Reference and Validation File Upload
    Attach reference or verification documents (e.g., tax forms, proof of ownership) directly to the payee record for review by approvers.

  • User-Defined Fields
    Add up to 25 custom fields (text, number, date) to payee records and designate them as mandatory or optional.

  • Internal/External Beneficiaries
    Manage both internal and external payees with the same ease and flexibility, ensuring comprehensive control across your business.

Read this datasheet to discover which advanced validation options are available to you through Payee Management, and how you can configure workflows and rules to boost your fraud protection.


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