Improve security for vendor bank account information updates

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, Power Platform, and Cloud for Industry release plans.

Enabled for	Public preview	General availability
Users by admins, makers, or analysts	Apr 21, 2023	Jul 14, 2023

Business value

Legal compliance and protecting supplier's bank account information against fraud are two of the most important requirements for any organization. One of the best ways to prevent fraud is to implement the right controls for managing changes. The new vendor bank account information approval workflow makes it more difficult for employees to commit fraud and enables financial controllers and auditors to oversee the accuracy of each supplier's bank account information.

Feature details

The vendor bank approval workflow in Dynamics 365 Supply Chain Management ensures that bank data submitted by suppliers is secure, financially compliant, and protected against fraud. Businesses can evaluate and approve any incoming changes to a supplier's bank account information and make sure the provided bank details meet their organization's standards and policies. This helps reduce the risk of fraud by detecting and preventing unapproved changes.

When you enable the vendor bank account workflow, any changes submitted for specific bank-details fields will be sent through the workflow for approval. You can configure approval triggers and decide whether to invoke the approval workflow when a supplier’s bank details are created, changed, or both.

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See also

Vendor bank account workflow (docs)