Using machine learning to assist with Risk scoring for payments
A vendor management software can use machine learning and connect the company's internal database which external ones. Internally contract provisions, payment terms and past behavior can take into account. Furthermore, such a software can search, like once a week, if there are any new red flags in the local press or other government databases.
I am not sure if I understood you correct but few of the feature of machine learning are pattern recognition, intelligent data mining, and perception. These things can be used to identify the potential risk. However, in this case, availability of data, data integrity and validation is also very important.