Before contract signature
Confirm current status, directors, and filings before legal commitments begin.
Payment controls
How to assess company payment risk before renewal
This workflow helps finance and procurement teams catch payment exposure early while keeping good partners moving at normal speed.
Search a company profile
After first invoice
Recheck status and public signals before approving repeated invoices.
Renewal preparation
Run a fresh snapshot 30 days before renewal and compare to dossier baseline.
Risk signals to monitor
Status and filing stability
Suspended status or long filing delays can justify temporary payment pause.
Manual approval before release
Address and management changes
Recent updates near key payment milestones deserve extra review.
Add evidence note and verify contact continuity
Data completeness
Missing company details weaken recovery and dispute handling.
Request supplemental verification
Step
Create risk gate
Hold all payments above threshold until check confirmation.
Step
Document outcomes
Keep a short audit trail with reviewer, date, and outcome.
Step
Automate reminders
Trigger re-checks before each renewal event or annual window.
FAQs
How often should payment-risk checks run?
For active partners, run checks before each quarter or before invoice cycles with high value.
Can we still process urgent payments?
Yes, use a temporary review override with a defined approver and a 24-hour check SLA.
What is the minimum useful signal before renewal?
A fresh status check, filing timing review, and one governance continuity signal are the minimum baseline.
Does this replace legal review?
No. It helps prioritise where legal review is required and supports risk committees with evidence.