Approve and save vendor-submitted bank details
Important
This content is archived and is not being updated. For the latest documentation, go to What's new or changed in Dynamics 365 Supply Chain Management. For the latest release plans, go to Dynamics 365 and Microsoft Power Platform release plans.
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | 
Apr 23, 2021 |
Jun 18, 2021 |
Business value
Improve the accuracy of vendor banking information and reduce internal maintenance overhead with this feature enhancement to vendor collaboration.
Feature details
With this feature, your vendors and suppliers can use the vendor collaboration interface to submit bank account information to update their vendor record. Each submission is sent through an approval process and is added to the record only after it has been approved at your company.
Vendors can request to register a new account or expire an existing one. While doing so, they can add a note to the request. The request also includes an option to indicate whether a new bank account should be the primary account for vendor payments.
When a vendor submits a request, your accounts-payable or procurement personnel must review it. On approval, the new bank account details are added to the list of account details registered for that vendor. For requests that specify a new primary bank account, your accounts-payable or procurement personnel must manually update the vendor record to identify the new account as the primary account.