Not Just a Checkbox 

Business and Entity Verification (BEV) is a core part of how organizations confirm business legitimacy, understand ownership, and meet regulatory requirements. As regulations increase and transaction volumes grow, nearly all institutions have introduced some level of automation into their BEV processes.

Only 14% of large organizations have automated most of their BEV tasks.

Despite this progress, many teams rely heavily on manual reviews or outdated systems. Challenges like limited integration, inconsistent data, and inaccurate results make it difficult to scale automation reliably and cost-effectively.

This white paper looks at how organizations can move beyond piecemeal automation and adopt a more focused approach that improves accuracy, saves time, and reduces risk.