Check Payment Risk Before Sending Money
Before-payment workflow for counterparty identity, bank control, screening, release triggers, and stop/go evidence.
Verify counterparty legal identity, trading name, address, contact authority, and role in the deal.
Decision point: Stop if the party requesting payment cannot be matched to the approved supplier, buyer, agent, or contract counterparty.
Match beneficiary name, bank country, account details, SWIFT or IBAN, and payment currency to approved records.
Decision point: Escalate if beneficiary, bank country, account currency, or intermediary bank details differ from onboarding, proforma, PO, or prior approved payments.
Screen supplier, buyer, owners where known, beneficiary bank, destination, intermediaries, and shipment route.
Decision point: Do not release funds while sanctions, restricted-party, high-risk country, vessel, port, or bank-route questions remain unresolved.
Choose the payment method and risk split: TT deposit/balance, staged payment, LC, D/P, D/A, open account, or escrow.
Decision point: Require stronger controls if the structure gives one side too much performance, document, credit, or recovery risk for the margin at stake.
Define payment milestone, release trigger, inspection evidence, shipment evidence, and document-control requirement.
Decision point: Hold payment if the trigger is subjective, unearned, undocumented, or disconnected from production, inspection, loading, documents, or credit approval.
Run callback verification and account-change controls using trusted contact details outside the invoice email chain.
Decision point: Stop immediately for new bank details, urgent reroutes, third-country banks, email-domain mismatch, pressure tactics, or refusal to complete callback.
Model cash exposure, FX movement, bank fees, finance cost, LC or collection charges, and delay downside.
Decision point: Do not approve terms if downside from non-delivery, dispute, delay, FX, or buyer default exceeds the deal margin or cash tolerance.
Save the stop/go decision, approvals, screening evidence, callback record, payment instruction, and dispute path.
Decision point: Release funds only when evidence is stored, approvers are named, exceptions are closed, and the recovery/escalation route is known.