Procure-to-Pay, PO Workflows & Spend Governance3 min readUpdated September 2026

What a Fintech Should Check Before Picking Airbase or Procurify

Before picking Airbase or Procurify, a fintech should check whether the tool can enforce a compliance review gate for its small group of high-risk vendors without slowing every other purchase. A KYC provider, card processor or sponsor bank relationship carries regulatory exposure if added without review, and neither platform was built specifically for that review.

Here's a checklist for working through that, built around the purchases that actually create risk at a fintech, not the ones that don't.

Vendors Covered in this Article

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Check One: Can You Flag a Vendor Category as Needing Compliance Review?

Both platforms let you tag vendors by category. What matters is whether you can attach a rule to that tag, not just a label, so anything tagged data processor or payments infrastructure automatically routes to a longer approval chain than a design tool subscription would. Airbase's card controls make this easiest to enforce at the point of spend; Procurify's request-first model makes it easiest to enforce before spend happens at all. Either works, but confirm the rule actually blocks the purchase rather than just flagging it for someone to notice later.

Check Two: Does the Approval Route Include Someone Outside Finance?

A fintech's compliance or security lead, not just a budget owner, needs a seat in the approval chain for any vendor that touches customer data, payment rails, or the sponsor bank relationship. Set that reviewer up as a required approver on the relevant vendor category, not as someone who gets copied after the fact. If the platform only lets you add a second approver above a set dollar amount, and your riskiest vendors are often cheap monthly subscriptions, that dollar-based trigger will miss exactly the purchases you most need reviewed.

Check Three: Can You Block a Purchase Until a Vendor Questionnaire Is Done?

For a vendor that will touch customer data or sit in your payments flow, get a security questionnaire or a signed data processing agreement before the purchase order clears, not after the vendor is already live. Both platforms can hold a request open pending an attachment or a sign-off field; use that to make the questionnaire a hard gate rather than a policy nobody checks.

Check Four: How Hard Is It to Undo a Bad Vendor Decision?

Ask what it takes to offboard a vendor once you've added it. If a payments infrastructure provider turns out to be a poor fit, or fails a later security review, can you see everywhere it's connected and shut it off cleanly? A platform that makes onboarding easy but treats offboarding as an afterthought will leave you with vendor sprawl that's hard to audit a year later.

The Pitfall: Treating Every Vendor Like a Compliance Risk

The mistake fintechs make most often is applying the compliance-review gate to everything, including the design tool and the note-taking app, because it feels safer than deciding which vendors actually matter. That backfires: teams learn to route around a slow process for low-risk purchases, and the review loses credibility right when a genuinely risky vendor comes through. Reserve the heavier gate for vendors that touch customer data, funds movement, or the regulatory relationship, and let everything else move at normal speed.

Keep the review gate narrow and enforceable:

  • Attach a rule to vendor categories such as data processor or payments infrastructure, and confirm the rule blocks the purchase instead of only flagging it.
  • Make the compliance or security lead a required approver on those categories, not someone copied after the decision.
  • Hold the purchase order until a security questionnaire or signed data processing agreement is attached.
  • Leave low-risk purchases like design or note-taking tools on the fast path so teams do not learn to route around the process.

A Worked Example: Bringing On a New Payment Processor

Say your platform needs a backup payment processor for redundancy, and the vendor's own onboarding requires a signed data processing agreement, a security questionnaire, and sign-off from whoever owns your PCI scope before the first invoice can even be cut. If that purchase enters through a general software-buying workflow, it's easy for someone in finance to approve the invoice once it arrives without ever confirming the questionnaire was completed, because the invoice looks like any other subscription bill.

A vendor-category flag in either platform stops that: purchases tagged as "payments infrastructure" or "data processor" route to compliance before an invoice can be approved, not after. Procurify's request-first model makes this easier to enforce by default, since nothing gets bought until the request clears that checkpoint. Airbase can do the same thing with a spend policy that blocks the card category until compliance signs off, but it takes someone to configure that policy correctly and keep the vendor category list current as you add new processors, wallets, or banking partners over time. Either way, the goal is the same: a compliance review that happens once, at intake, instead of a scramble after the fact when an auditor asks who approved a payments vendor and finds no record of a security review.

Executive Capability Standard

What Good Looks Like

A fintech with a mature vendor review process can name, at any time, every vendor that touches customer data or payment flows, when each one's security review last happened, and who signed off, without pulling together an ad hoc list under audit pressure.

Building The Capability (5-Stage Skill Ladder)

1. Learn:List every current vendor that touches customer data, funds movement, or your sponsor bank relationship, and check whether each one has a security review on file.
2. Do Manually:Require a security questionnaire and sign-off from your compliance lead before any new vendor in that category gets a contract signature.
3. Delegate:Give your compliance or security lead standing approval authority over that specific vendor category, separate from general budget approval.
4. Automate:Set a rule in Airbase or Procurify that any purchase tagged to a high-risk vendor category can't clear without that approver's sign-off.
5. Buy:Add a dedicated vendor risk management tool once the vendor list is large enough that a manual review process starts missing renewals.

How to Get Started

Disclosure: We may earn a commission if you buy through some links on this page. It doesn't change what we recommend.

Frequently Asked Questions

Does either platform handle regulatory compliance for us?

No, and be wary of any tool that implies it does. Airbase and Procurify manage the approval workflow around a purchase; they don't evaluate whether a vendor meets your regulatory obligations. That review still has to come from your compliance function or outside counsel.

Should our sponsor bank relationship go through this system at all?

The fees and contract renewal, yes, so there's a record and an approval trail. The relationship itself, and any changes to its terms, should go through whoever owns that relationship directly, usually the CEO or head of compliance, rather than a general spend-approval queue.

How do we keep this from slowing down normal software purchases?

Keep the risk-based routing narrow. Most fintech purchases, a design tool, a scheduling app, an internal wiki, carry no more risk than they would anywhere else and should move through the fast, low-friction path. Reserve the extra review for categories that touch customer funds, data, or regulatory relationships.

About the numbers

This guide doesn't quote a sourced benchmark. Figures in it are estimates or general guidance, so check them against your own numbers.

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