Sold by: Deloitte Consulting LLP
Deloitte’s AI-enhanced Vendor Onboarding Workflow automates and optimizes the vendor onboarding process. From registration request to deactivation, intelligent agents handle duplicate checks, tax validation, sanctions screening, and more. This solution reduces manual effort, improves accuracy, and helps ensure compliance, enhancing operational efficiency and vendor relationships.
Overview
Key Steps and Enhancements:
Vendor Registration Request: AI extracts vendor data from various formats and pre-populates forms. Duplicate Check: AI uses fuzzy matching and ML to detect duplicates despite variations. Tax Validation: AI automatically validates tax IDs against government databases. Bank Account Verification: AI verifies accounts using bank validation services and fraud checks. Business Verification: AI aggregates business intelligence from multiple sources automatically. Data Enrichment: AI enriches vendor profiles from external data sources. Approval Workflow: AI risk-scores vendors and routes to appropriate approvers dynamically. System Integration: AI synchronizes vendor creation across all systems automatically. Data Quality Monitoring: AI continuously monitors data quality and suggests improvements. Periodic Re-validation: AI triggers re-validation based on risk and automatically updates data. Vendor Deactivation: AI identifies inactive vendors and manages compliant deactivation.
Benefits: Operational Efficiency: Reduces manual effort and accelerates processing times. Accuracy: Enhances data extraction and validation accuracy. Compliance: Determines adherence to policies and regulations. Vendor Relationships: Improves communication and onboarding timeliness. By embedding AI into routine tasks, Deloitte’s solution not only boosts productivity but also frees up human talent for strategic innovation. It’s a future-ready platform that brings together AI, automation, and human oversight into a cohesive solution.
This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.
Highlights
- AI-driven duplicate checks and tax validation
- Intelligent sanctions screening and business verification
- Optimized data enrichment and approval workflow
Details
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Delivery method
Deployed on AWS
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Please reach out to deloitteawsalliance@deloitte.com for additional information and support.