DIGITAL ONBOARDING
on-time payments , better visibility into spend and cash management and opportunities for savings via programmes like early pay discounts .
“ Lastly , by digitising the supplier onboarding process , buyers are able to capture more supplier data and have a more holistic view of a supplier , which supports real-time risk monitoring an spend management .”
Security roles in digital onboarding Data security is crucial in digital onboarding , as it protects sensitive information – such as personal details , financial data and certifications – which companies collect from new users , suppliers or clients .
If companies do not have robust data security , onboarding processes become vulnerable to breaches that can compromise both company and user data , leading to financial , legal and reputational harm . Security measures also build trust with new users by demonstrating that their information is handled responsibly , which is particularly important during
102 January 2025