Making Connections

At the heart of the PaymentWorks platform is the ability to effectively and efficiently manage and update supplier profile data so your vendoring team is never dealing with incorrect or outdated data.

This may sound mundane but it is at the heart of digitally-enabled business relationships. And PaymentWorks is the center of the network that enables and validates those critical relationships.

To enable those relationships, PaymentWorks needs to create an unimpeachable link between the supplier’s profile on one side, and the vendor record stored in the payer’s ERP on the other.

That link is called a Payer-Payee “Connection”. Although the context and the mechanism is a bit different, the term is the same used by LinkedIn. It’s the formal acknowledgement of a mutually agreed business relationship.

PaymentWorks makes connections using a supplier’s remittance address by default. Connections can also be made with a supplier’s Order Address(es), if the Payer account is configured for that functionality.

How a Connection is Made

A connection is accomplished by uploading a supplier record to PaymentWorks that contains references to the original PaymentWorks registration ID (RequestId) and the Tax ID Number (TIN) that is contained in that registration.

Once the connection is made, modifications made by a connected supplier will be conveyed to the Payer for approval, after which those updates can be transmitted to the correct supplier record in the ERP.

Next Steps

To learn more about PaymentWorks functionality or to discuss your specific area of interest or concern, please reach out to set up a complimentary consultation. We’d be happy to connect!

You can fill out this form including an overview of your interest, or simply email us directly at bestpractices@nvrpartners.com.