Category Insights

Buyer-side sourcing insights and decision guides.

What to ask when a supplier changes bank details

INSIGHT / PAYMENTS, BENEFICIARY CHANGES, AND PAYMENT RECORDS What to ask when a supplier changes bank details Direct answer: Ask the supplier for a clear reason, a dated bank confirmation or letter from their bank, matching beneficiary naming, and a…

What records to retain after a supplier payment decision

INSIGHT / PAYMENTS, BENEFICIARY CHANGES, AND PAYMENT RECORDS What records to retain after a supplier payment decision Direct answer: Keep a compact evidence packet that ties the payment to the order: the payment instruction, beneficiary-change approvals if any, the commercial…