Your supplier data was verified. Is it still verified?
Every payment depends on the supplier record behind it. But most supplier data was collected once at onboarding and has never been checked again. Over time, the supplier record drifts further from reality.
Start a conversation about your supplier dataThe risk is already in your data
- United States76%
of US organisations reported attempted or actual payments fraud in 2025.
Source: AFP 2026 Payments Fraud and Control Survey - United States74%
of US organisations reported business email compromise in the same period, up from prior years.
Source: AFP 2026 survey - United Kingdom£47k+
average loss per case across 83 reported invoice fraud cases in a single month.
Source: NCA / NatWest, January 2026
Fraud does not always begin with a sophisticated attack. Sometimes it begins with a supplier record no one has checked in years.
A supplier lifecycle needs more than a one-off onboarding check
New suppliers may be onboarded under stronger controls. But existing records still need to be maintained, verified and controlled over time.
Onboard well
Establish a reliable record from the start.
Verify what matters
Check that supplier information is supported by evidence.
Control change
Make changes to payment data visible, accountable and explainable.
Monitor over time
Watch for changes, expiries and emerging risk.
Re-verify when needed
Keep confidence in the record current.
SoftCo has 36 years of experience in finance and purchase-to-pay. Our approach to supplier lifecycle management is shaped by what we see every day in global finance operations.
Learn more about Supplier Lifecycle Management- 36 years in finance and purchase-to-pay
- SOC 1 and SOC 2 audited
- ISO 27001 certified
A clearer way to think about supplier control
Published by SoftCo's Chief Knowledge Officer. A framework for understanding where supplier controls work, where they break, and what to do about it.
- Framework
Seven principles of a controlled supplier lifecycle
A practical framework for understanding what good supplier data governance looks like.
Read more - Patterns
Five patterns that weaken supplier controls
The gaps that allow supplier data to drift, controls to age and risk to go unnoticed.
Read more - Controls
Six types of control across the supplier lifecycle
A guide to where controls should prevent, detect and correct problems.
Read more
Your supplier records are not getting more reliable on their own
Start with the supplier data you already have, and the questions you cannot yet answer about it.
Start the conversation