Large companies lost $20B in payment fraud, just in 2021. It is 70% of large companies who have lost money because of payment fraud in 2021. Trustpair provides real time and accurate third-party account validation to protect your company from B2B Payment Fraud.
Trustpair platform automates account validation throughout the procure-to-pay process. Control the associated risk with third-party data inside your Procurement tool, ERP and Treasury Management System (TMS).
The signatories of supplier payment campaigns are responsible in case of error or fraud. In 64%of the time*, fraud occurs when an existing third-party is edited right before the payment campaign. With Trustpair, you can easily check each payment file and detect any suspicious behavior-streamlining validation workflows.
Controlling third-party data across a global scope is a complex task for finance teams. With Trustpair, ensure the control of your third-party data across a broad and international scope.