Audit your Vendor Master
Sync your Vendor Master File
with real time data
Nowadays, Vendor Master Files contain around 30% of false or obsolete data. Many of them count thousands of suppliers and it is obviously impossible to check them all with manual procedures through time.
Without wasting any time, how can you ensure that your supplier is truly the account holder of the bank detail you’re about to pay? How can you identify that a company is closed or recognize an inputting error or any kind of anomaly in such a big volume of data?
Trustpair automatically detects errors and anomalies within your Vendor Master File. Who knows? Maybe that false account related to any of your suppliers is an attempt of fraud.
Prioritize your Vendor Master
File cleaning actions
Trustpair automatically detects errors and anomalies within your Vendor Master File and helps you get through your cleaning process successfully.
Proceed to your audit return analysis in Excel thanks to our CSV export feature. It will help you manage and prioritize every single correction and edit you need to be done when cleaning the infinite amount of data within your Vendor Master File.
Our Customer Success team will guide you through every step of the way to make it a quick and successful process. The audit return is the first step, you will then receive live notifications whenever a supplier is deemed suspicious or when there is an error in your file.
Save time with our smart data
Save time and leave low value tasks on the side while Trustpair automatically suggests the right Vendor Account Holder that matches your supplier. Simplify every input you originally make when correcting errors or anomalies within your suppliers’ bank details.
After offering an exhaustive and automatic audit of your Vendor Master File, our technology sets you up with smart data suggestions to correct any company information that may be wrong (SIRET, registration number…). This process includes inactive suppliers, duplicates and factoring management.
45 to 85% incomplete data or inputting errors will be completed or disabled automatically.
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.
We were lucky to be accompanied by Claire, Customer Success Manager at Trustpair. We spent time together analyzing the audit report to understand types of errors. This support help us in our decision-process: adjust the internal control procedure to avoid any future supplier data errors.
Thank to the VMF audit realized by Trustpair, I found out that there were various suppliers that we haven’t worked with for several years. Now that we have all the correct supplier data in our database, we are totally sure that there are no duplicates. We have a better view of the status of our VMF.
Having Trustpair continuously and automatically audit our Vendor Master File is a time saver for our team. Also, we are able to go through all the history of our supplier in our ERP. Therehow, we can quickly identify inactive accounts and clean our supplier’s data.