Preventing payment fraud with accurate international vendor data powered by Trustpair

Collaborating with 17,000+ suppliers worldwide, the finance team aimed to enhance efficiency, eliminate friction in the source-to-pay process, and prevent payment fraud.

SECTOR

Mill Products and Mining

HEADQUARTERS

Paris, France

VENDOR

17,000+ global suppliers

Streamlined P2P processes

Maintaining an error-free vendor database in SAP ERP Central Component (ECC)

Continuous Vendor Database Monitoring

Maintaining an error-free vendor database in SAP ERP Central Component (ECC)

Zero cases of fraud

since the launch of the secure supplier management program

Challenges and Opportunities

Nexans, a French electrification leader operating in 42 countries, struggled with onboarding, validating, and updating profiles for their 17,000+ global suppliers.

Unreliable and error-prone manual verification processes allowed for potential fraud attempts to slip through.
The lack of-role based management limited their ability to identify errors or insider threats.
Handoffs between accounting and shared service center teams at different stages of account validations caused
inefficiencies and hindered their ability to scale processes across a large volume of vendors.

HOW IT WORKS

How Nexans prevents payment fraud with Trustpair and SAP?

Nexans successfully introduced a tech-enabled supplier creation process where new vendors are onboarded with systematic account validation via a secure web-app.

Trustpair seamlessly integrates with SAP Ariba to create and check all new suppliers in the system.

Third-party data in select countries is actively monitored to identify errors in their database and is automatically cleaned and enriched to enhance vendor knowledge and provide teams with error-free data

Nexans has had zero cases of fraud since embedding Trustpair into their process.

Find out more about Value-Driven Results in the business case.