Every country has its own banking requirements: A payment to India requires an IFSC code. Mexico requires an 18-digit CLABE. Germany requires an IBAN and BIC. Brazil requires a CPF or CNPJ, a bank code, and an agency number.
Requirements change with the payment method, too. A wire to Australia routes on a SWIFT code. A local payment into Australia routes on a six-digit BSB code. If your process only knows wire fields, every new way to pay is a new way to get the details wrong.
Manual collection makes errors inevitable: With 200+ countries and territories, each with different requirements, managing this through email, spreadsheets, and PDF forms is bound to lead to errors.
Address requirements are becoming more structured: With the transition to ISO 20022, beneficiary addresses must follow specific formatting requirements. Free-text addresses are being phased out in favour of structured or hybrid formats.
Built into Ascendant's global payments platform, Payee Intelligence™ automatically identifies the banking details required for each country and currency, helping finance teams avoid payment returns, manual investigations, and costly delays.
Add your payees directly into our platform, and choose how you'll pay them (check, wire, Global ACH). Or send payees a secure link to input their information through a guided self-service experience.
Payee is now available for all future transactions. Funds move with verified instructions.
A returned payment triggers an investigation, a supplier inquiry, a bank charge, and more administrative time. Payee Intelligence™ attacks the root cause: bad data entering the banking network.
Country-specific validation catches data and formatting errors before payments are submitted, reducing returns on both wires and Global ACH.
Replace email collection, PDF forms, and spreadsheets with a guided, self-service workflow. Payees complete their own information. Your team reviews and approves.
Validated payee records create a consistent, auditable process. Sensitive banking information is stored within the platform, not in inboxes or shared drives.
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Payee Intelligence™ absorbs the administrative load that grows with payment volume. Organizations scale global operations without increasing headcount.
Suppliers get paid on time, with fewer delays and follow-ups. You spend your time managing the relationships instead of going back and forth on bank details.
Live lookup pulls payee bank addresses from the bank code and automatically formats them to the structured and hybrid address standards ISO 20022 now requires.
Self-service onboarding
Payees receive a clear email invitation and complete their banking information through a secure, guided portal, prompted for exactly what their country and currency require, whether you’re paying them by wire or Global ACH.
Self-managed updates
When banking details change, payees update their own records through a secure, verified process rather than sending an email that gets lost in an inbox.
Payment visibility
Suppliers track their payments from initiation through delivery, including status, fees, and estimated arrival, without contacting your AP team for an update.
Payment failures do not stay in one department. A bad payee record creates work for AP, treasury, and the controller before anyone sends a single follow-up email.
Payee Intelligence™ removes the source of that work. Validated data before payment. Fewer exceptions to investigate. Less time coordinating between teams that should be focused elsewhere.
Finance teams using Payee Intelligence™ spend less time on payment administration and more time on the work that actually requires their expertise.
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