Comply with regulations in force
The Sapin II law requires the implementation of evaluation and control procedures for third parties and is becoming a very strong constraint for Financial departments. Trustpair automates these checks to free financial teams from time-consuming but mandatory tasks.
The duty of vigilance law is imposed on parent companies and ordering companies. Trustpair takes care of this constraint by integrating in its application dynamic data sources capable of alerting the financial teams of the situation of their third parties (collective procedures, liquidation, etc.)
Automate your third-party detail check
Third-party control compliance involves implementing KYS (Know your Supplier) procedures and ensuring the cleanliness of supplier information.
However, protecting your company from financial risks is very costly in terms of time and implementation.
Trustpair allows you to automatically perform third-party checks in accordance with compliance standards.
- Your company is protected from the risk of fraud, while freeing up your staff’s time to focus on areas of expertise.
Strengthen Procure-to-Pay processes to manage wire transfer fraud risk within your company.
Trustpair clients speak out
With all the restrictions and fines that could be imposed: the Trustpair Audit allowed us to clean up the base to be in line and no longer be at risk with possible fines related to the French Loi Sapin II.
The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier’s bank details.