(1) Vendor needs to provide manual vendor verification process, requiring employees to use their personal logins to perform IRS Tax ID checks and to contact vendors directly to confirm addresses and banking information for both new vendors and changes– This approach places an undue burden on staff, exposes sensitive personal credentials, is labour–intensive, and is prone to human error.– As vendor information becomes more publicly accessible, this process has also become increasingly vulnerable to external fraud attempts.– Provide a secure platform for vendor verification that multiple staff (10–15) can use to perform the above objectives.– Offer features for identity validation, banking information checks, and fraud detection.– Flexibility to separate or combine these parameters as needed for verification• Technical Requirements– IRS TIN Matching: Ability to validate vendor Tax Identification Numbers directly against IRS records.– Address Validation: Verification of vendor mailing addresses using trusted postal or third–party data sources to ensure accuracy and reduce returned mail or fraud attempts.– Bank Account Verification: Validation of vendor banking information, including confirmation of account ownership, account status, and available metadata such as account opening date and associated TIN.– Compliance with IRS standards and state regulations.– SLA: 99.9% uptime guarantee• Deliverables– Fully functional vendor verification software.– Documentation of verification methods and data sources.– Training resources for staff.– Ongoing support and compliance updates.