Set up vendor master record

Create the vendor master record for Acme Logistics Ltd with vendor number 470912, assign company code 1000 and purchasing org NA01, add bank details (Bank of East, IBAN GB29NWBK60161331926819), set payment terms net 30, VAT registration GB999888, and route the record for approval to Priya in Procurement by Friday so procurement can start PO matching this week.

Before I save the new vendor record, make onboarding painless for procurement — surface the supplier’s preferred payment method up front, show a single-line summary of required compliance docs, flag missing VAT or W-9 equivalents, and point out any bank-country mismatch that would delay payments.

I entered Acme Logistics Ltd with Bank of East IBAN GB29NWBK60161331926819 and the vendor create failed with a bank-format error. Procurement expects a first shipment Tuesday and I can’t call the bank. Is the error likely a formatting rule, country-code mismatch, or missing bank-key, and what quick fix will let me proceed without breaking compliance?

Onboarding vendors takes extra days because bank details, tax registrations, and purchasing org assignments repeat errors across teams. We lose credibility with procurement and suppliers. Which one-stop habit — a minimal preflight checklist or a gatekeeper review — would stop 70% of those reworks and shave supplier setup time from five days to two?