Secure Supplier Onboarding in Ivalua
Enable your procurement team to effectively control their global supplier network and prevent payment fraud in Ivalua.
Account Validation in Ivalua
Trustpair’s connector enables procurement teams to validate vendor bank account ownership within Ivalua directly, prior to submitting them to an ERP or a supplier management tool. By validating suppliers’ bank details at the very start of the procure-to-pay process, fraudulent cases are immediately rejected.
Using Trustpair in Ivalua guarantees streamlined processes, 100% reliable supplier data, and the peace of mind that comes with a sound supplier database.
Start protecting your company from payment fraud in Ivalua, today!
Benefits of using Trustpair in Ivalua
Key features of Ivalua
Real-time Account Ownership Verification of New Vendors in Ivalua
Automate account validation during supplier registration with Trustpair. As your teams fill in new vendor details, Trustpair automatically verifies company information, bank details, and the correlation between the two, providing an assessment directly in Ivalua.
Enhanced Vendor Data Management with Trustpair's Web-app Dashboards & Exports
Access records, dashboards, and dedicated analytics on Trustpair’s web-app to easily track account validations throughout the P2P process to secure payments.
Benefit from GIACT network
Securing the Source-to-Pay Cycle to Prevent Payment Fraud
Ivalua and Trustpair experts share takeaways on how to implement robust controls and prevent fraud throughout the Source-to-Pay cycle.
Our customers integrated Trustpair into Ivalua
Discover how finance teams successfully to automate and streamline their account validation processes in Ivalua.
"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."
"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."
"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."
“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”
“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.”
"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."
"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."
Frequently asked questions
Ivalua is a robust procurement software aiding in the digital transformation of purchasing cycles. It not only functions as a B2B marketplace for companies and their suppliers to collaborate and transact but also offers a plethora of strategic tools.
This connector is based on Trustpair API and permits payment signatories and treasurers to have the Trustpair evaluation in their Kyriba environment before and when validating the payments file. It ensures that the transaction sent to the bank is going to the correct beneficiary.
Having a control on the TMS level in addition to the control on the ERP level permits to avoid internal fraud as payment files can be intercepted and modified during the transport from ERP to TMS.
B2B payment fraud takes many forms: CEO scams, phishing, supplier fraud, etc. To summarize, it’s all the ways fraudsters can embezzle funds from a company. Scammers are more and more innovative, often resorting to sophisticated cybercrime.
One of the most common ways is using identity theft to change banking information and have money sent to fraudulent bank accounts. Thieves can use vendors or even employees to change banking credentials.
This type of fraud is difficult to detect: that’s why it’s crucial to have an automated solution like Trustpair that checks bank account ownership.