Continuous control of the data
Real-time visibility of the VMF state
Integration with your existing processes
THIRD PARTY STATUS DIAGNOSIS
Work with a reliable and healthy third-party database
Third-party data is a living organism that evolves and degrades over time. On average, 30% of erroneous data is observed in the VMF, which exposes the company to payment risks (rejections, delays, etc.) or fraud.
Ensure a detailed analysis of your third party database in France and abroad
- 360° vision and diagnosis of the state of your database
- Visualization of anomalies and fraud risks
- Prioritization of cleaning actions to be carried out
INTELLIGENT CLEANING OF YOUR VMF
Enrich and correct your third-party data continuously
Closed company, judicial liquidation, change of bank account: the legal and banking data of third parties can contain errors and evolve over time. Updating your database manually can become overwhelming and time-consuming.
Trustpair provides intelligent suggestions to help you clean and update your third party database.
- Enrichment of incomplete banking and legal data
- Automatic correction of erroneous data and case-by-case review of assessments
- Monitoring of the evolution of the third party database
Keep your database up to date by auditing it continuously
Maintaining thousands third parties up to date is no easy task for Financial teams. The objective is to ensure in real time the reliability and relevance of each information in the database.
Trustpair implements a continuous and automatic audit of your database to maintain clean and healthy data over time.
- Real-time control of third party information
- Alerts and notifications when changes are detected
- Tracking of third party status changes
INTEGRATION AND DEPLOYMENT
Benefit from Trutspair’s audit directly through your business tools
When it comes to reviewing internal procedures, companies share a common concern: optimizing their existing processes without adding complications.
Continuously audit your third-party database to protect yourself from the risks of transfer fraud, no matter where your third-party data is hosted. Trustpair offers a continuous and automatic audit of your database.
Procure-to-Pay processes become smooth and secure, without disrupting your digital environment:
- Manual use via the Trustpair web application
- Autonomous API deployment
- Native connector for purchasing, ERP and TMS tools
Reinforce your supplier checks to prevent wire transfer fraud.
Trustpair clients speak out
The automated audit of our repository saves us a considerable amount of time in verifying the accuracy of the information. Trustpair allows us to record the supplier’s history since its creation in our ERPs. This allows us to quickly identify inactive accounts and clean our third party databases.
During the VMF phase, we were extremely lucky to be accompanied by Claire, Customer Success Manager at Trustpair. We spent some time together analysing the audit results in order to fully understand the types of errors. This support enabled us to make decisions: to adjust the internal audit process to avoid future errors and to correct existing supplier data.
With Trustpair’s VMF audit, I realised that there were suppliers that we hadn’t used for several years. Now that we have all the company registration numbers in our database, we are sure that there are no duplicated data. We have a clearer view of our VMF.