Vendor Identity
Registered legal name, DBA, and employer identification number for tax and contract matching; include DBA only if used on invoices.
A clear Business Preference Sheet reduces administrative friction by standardizing vendor data, accelerating invoice processing, and improving tax reporting accuracy across departments.
External vendors complete or confirm preferences when requested to ensure payments and notices follow the buyer’s required process.
Registered legal name, DBA, and employer identification number for tax and contract matching; include DBA only if used on invoices.
Names, roles, direct phone numbers, and emails for procurement, billing, and escalation contacts to avoid routing delays.
Preferred payment method, bank ACH details or remit-to address, net terms, and early-payment discounts if applicable.
W-9 or equivalent tax form status, backup withholding indicator, and required TIN vs name validation instructions.
Invoice submission address, required fields, PO handling, and any electronic invoicing formats or portal details.
Governing law, preferred contract signatory, confidentiality class, and whether a BAA or addendum is required.
| Field | Configuration |
|---|---|
| Required Fields | Make name, TIN, and payment fields mandatory |
| Approvals | Auto-route to procurement then AP |
| Notifications | Email alerts for missing fields |
| Storage | Save PDF with audit trail |
Ensure chosen platforms meet compliance requirements and support secure storage with an accessible audit trail.
Provide sheet within 5 business days of onboarding request
Internal review completed within 3 to 7 business days
Vendor should return completed sheet within 10 days
Allow up to 10 business days for ACH activation
Archive final copy immediately after authorization
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies | Varies | Varies |