Securing your vendor databases directly from Oracle

SG – Société Générale is one of the oldest and largest French banks. It was founded in 1864 in Paris.

SECTOR

Banking

HEADQUARTERS

Paris, France

VENDOR

32.000

Challenges

Before Trustpair, SG – Societe Generale had never audited its vendor database. They only covered 40% of their database and resorted to manual controls for the 60% others. Data was unreliable and the S2P was at risk.

Solutions

After a first audit and cleaning of the 32.000 vendors in the database, Trustpair was directly integrated on the SG’s existing tool, Oracle, thanks to an API.

Results

New vendors are automatically controlled directly on Oracle with Trustpair. Fraud risks have been wiped out. Any change during the P2P process is monitored and the S2P is protected. The database is up-to-date and processes are more efficient.

Context and Issues

Before Trustpair, there was no account validation tool and fraud controls were done manually

SG – Sociéte Générale had never audited its vendor database and relied on SEPAMail Diamond for vendor bank account validation, which covered 40% of their database in France. The other 60% were controlled manually – through human call-backs.
The vendor database was not reliable and data authenticity wasn’t guaranteed. Risks of errors and fraud were elevated.
Manual account validation checks were fallible and inefficient. The source-to-pay wasn’t protected against fraud
SG – Société Générale was looking to implement a fraud prevention solution directly on their existing tool, Oracle.

Thanks to Trustpair, we’ve audited, cleaned and secured our vendor database. We’re also much more confident in our fraud detection and prevention capabilities.

Laurent Givair

P2P Technical Leader

HOW IT WORKS

Automated vendor banking controls directly on Oracle

After a first audit and cleaning of the 32.000 vendors in the database – 42% of the database was erroneous -, Trustpair was directly integrated on SG’s existing tool, Oracle, thanks to an API.

Vendors are now controlled directly on Oracle with Trustpair’s account validation features during the onboarding phase and in case of vendor data changes. Processes are streamlined and processes more efficient.