AP use case · Payables

A vendor master you can
actually trust.

Every fraud, duplicate payment and compliance miss traces back to onboarding done over email. Finnoto gives vendors a self-serve flow and verifies everything - GSTIN, PAN, bank account, MSME status - before they can ever be paid.

See it on your data
Onboarding console

Vendor invites, verifies
and activates - itself.

Onboarding · Kova Packaging Pvt Ltd Self-serve
CheckSourceResult
GSTIN 29AAKCK…GSTN portalActive · regular filer
PAN AAKCK…NSDLValid · name match 100%
Bank A/C ••4821Penny dropVerified · name match
MSME statusUdyam registry! Registered · 43B(h) 45-day clock applies
Duplicate scanVendor masterNo match on PAN / bank / name
Self-serve link → vendor
Vendor uploads GST cert, cancelled cheque & MSME cert themselves - no email attachments, no re-keying, progress visible to procurement.
Change control
Bank-account changes re-trigger penny-drop + human review - the classic fraud vector, closed by default.
✓ activated in 1 day · every check logged · payment terms auto-set from MSME status

Illustrative product behaviour - values shown are examples.

Why it's hard today

Onboarding by email is how
fraud gets a vendor code.

A vendor master built from attachments and re-keying accumulates duplicates, stale bank accounts and unverified entities - each one a payment risk.

The bank-change scam

The most common AP fraud is a mail that says "our account changed". Without enforced re-verification, the next payment goes to the fraudster.

Compliance set at entry

MSME status decides your 43B(h) payment clock; GSTIN health predicts your ITC risk. Wrong at onboarding means wrong on every transaction after.

Duplicates breed duplicates

The same vendor onboarded thrice under name variants means split spend history, missed thresholds and double payments waiting to happen.

The Finnoto difference: onboarding writes the controls - MSME status sets payment clocks, GSTIN health feeds ITC risk, bank verification gates payouts. The master isn't a list; it's a rulebook.
How Finnoto runs it

Verify once.
Enforce forever.

1
Invite self-serve
Vendors get a link, upload documents and details themselves - validation happens as they type.
2
Verify at source
GSTIN on GSTN, PAN on NSDL, bank via penny-drop, MSME on Udyam - automated, logged, timestamped.
3
Screen & dedupe
PAN, bank and fuzzy-name matching against the existing master; conflicts routed to review.
4
Activate with rules
Approved vendors carry their compliance profile - payment terms, TDS section, 43B(h) clock - into every transaction.
FAQ

Frequently asked questions

What does KYB actually check?

GSTIN validity and filing health on the GST portal, PAN validity and name match, bank-account ownership via penny-drop, MSME/Udyam registration, and duplicate screening against your existing master.

How do bank-detail changes get handled?

Any change re-triggers penny-drop verification plus a maker-checker review, with the old and new details logged - the email-based bank-change fraud vector is closed structurally.

Does MSME status affect anything downstream?

Yes - Udyam-registered vendors get the Section 43B(h) 45-day payment clock applied automatically, with ageing alerts before the deduction-loss deadline.

Make the vendor master a control surface.

Self-serve onboarding, source-verified, fraud-resistant by default.

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