New product will manage the vendor lifecycle from onboarding to renewal, with portal-free vendor onboarding, validating bank account changes before approval and track contract terms, all inside the ERP
October 27, 2026 – Boston, MA – Charted, a leading provider of ERP-native AP automation software, today announced the launch of its newest product, Vendor Automation, bringing together the entire vendor management process under one product to live natively in your ERP. Accounts payable teams will be able to onboard vendors with one click through secure forms, validate bank account changes before they go to a reviewer and track vendor contract terms before renewals happen automatically.
Vendor Automation brings together Advanced Vendor Onboarding, Contract Intelligence and Vendor Fraud Prevention as an interconnected set of features designed to onboard vendors cleanly and efficiently, review bank account information for discrepancies before payments occur and proactively manage contracts. All vendor documentation is kept in the customer’s ERP instance, on one trusted vendor record that is always audit-ready. This suite of features is designed to add an additional layer of security to the accounts payable process, preventing fraudulent activity through business email compromise and vendor fraud, which now claim over $3 billion in losses according to the FBI Internet Crime Report 2025.
“Finance teams already run their vendors, payments and bills through their ERP, and we want to provide them with workflows that put security at the forefront,” said Bernardo Enciso, CEO and Founder of Charted. “Keeping detailed vendor records meant contracts should live there too, so organizations can gain insights into their renewals before they get billed. Delivering a product that finance teams can trust, that make audits easier, that deliver on efficiency while improving security is central to the aims of Charted.”
Benefits of Vendor Automation include:
- Catch vendor fraud before a payment is made. Bank account information submitted by a vendor, new or updated, is checked for a matching routing number, account numbers, and account names, before a reviewer approves the change.
- Stop autorenewals before prices increase. Contract Intelligence AI extracts term dates, auto-renewal language, and notice periods from vendor contracts, and alerts are sent while organizations still have time to renegotiate or cancel.
- Support Nacha fraud monitoring requirements. Payment originators are expected to increase their risk-based fraud monitoring practices as of June, 2026. Charted Vendor Fraud Prevention helps organizations strengthen their fraud prevention process with this new requirement.
- Onboard vendors with one-click. Vendors are invited to submit their own tax, banking and compliance details through forms sent with a single click from your instance, avoiding external portals or passwords.
- Complete financial records in your ERP. Contracts, banking details, compliance documents, purchase orders, bills, and payments all live on the same vendor record.
Frequently Asked Questions about Vendor Automation and Vendor Management
What is Charted Vendor Automation? Charted Vendor Automation is a vendor management product designed to manage the entire vendor lifecycle. It onboards vendors through secure forms, validates bank account changes before a reviewer approves them, and tracks vendor contract renewals on the vendor record.
How does Charted prevent vendor fraud? Vendor bank account submissions, for new vendors and updates alike, are validated before a reviewer approves it. The check confirms the routing number, account number, and account name match. There is no threshold or sampling, so every banking change gets the same check.
How does Charted track vendor contract renewals? Contracts are uploaded and filed on the vendor record. AI agents extract term dates, auto-renewal language and notice periods, and each term links to the highlighted passage in the source document. Email alerts go out while the notice window is still open, and each renewal can be assigned to a named owner as a tracked task.
How does Vendor Automation support Nacha’s 2026 fraud monitoring rules? Nacha’s fraud monitoring rules, fully in effect since June, 2026, call for risk-based fraud monitoring by non-consumer ACH originators, regardless of volume. An automatic check on every vendor banking submission supports that process, because the control doesn’t depend on someone following a manual procedure. Teams should confirm their specific obligations with their bank and refer to Nacha’s Phase 2 rules.
Where is vendor data stored? Vendor data, contracts, validation results, and approvals stay inside the customer’s instance. Access follows existing roles and permissions, with no middleware, external database, or overnight sync. Vendors complete secure forms with no portal login, and approvers don’t need additional licenses.
About Charted
Charted clears the path for finance teams with AP Automation solutions built directly into your ERP, without no integrations and no extra systems. Gain real-time clarity on every invoice, approval, and payment so you can focus on what really matters. Eliminate manual data entry with AI-powered capabilities and expense accrual automation to accelerate your month-end close. Combine the power of your full ERP dataset with Charted built-in controls to manage the most complex approvals and workflows, producing results at scale. Backed by decades of ERP best practices and expertise, we enable multi-entity, multi-currency workflows to support your AP automation needs anywhere in the world. To find out more, please visit www.charted.com.
Media Contact
Read this on business wire here.
