Proactively reaching out to your suppliers to give them a playbook to follow will ease the burden for your suppliers. With the stress and uncertainty that many are already facing, especially when it comes to many types of financial transactions that are dependent upon electronic transfers, it can be easy to forget all of the areas where your banking information is used. Don’t forget to check your vendor master data (especially if your supplier management system isn’t integrated to your vendor master) and, if necessary, contact your supplier to get information needed to update those records.They will also want to update their default data on the Network so that invoice processing continues seamlessly. There may be multiple places where they need to update this data based on your current configurations, so make sure to include that detail in your communications. Reach out to those suppliers to proactively remind them to update their banking information in your systems so that you can ensure they continue to be paid on time.That can be determined by the bank name, bank branch or bank routing number

Run reports in your ERP and SAP Ariba systems to determine which suppliers are currently set up with these banks.

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