Protect your company against fraud with Trustpair’s global account validation, directly accessible within JAGGAER’s supplier management module.
This native connector with Trustpair enables procurement teams to conduct global vendor bank account validation directly in JAGGAER, before validating their addition to the vendor database.
By validating vendor bank account ownerships at a very early step of the P2P journey, fraudulent cases are immediately rejected. Using Trustpair in JAGGAER guarantees 100% reliable supplier data and the peace of mind that comes with a healthy vendor database.
Bolster your organization’s vendor management by automating account validations. Replace slow, manual checks and minimize the risk of errors with instant and trustworthy validation results, enhancing your risk management.
Enhance your Source-to-Pay process by quickly identifying potential fraudulent vendors. Prevent inaccurate data exchange with your ERP systems to ensure data integrity and performance.
Trustpair’s native connector integrates smoothly within JAGGAER enabling a single tool to manage the accuracy of supplier data when they are created or modified.
Automate vendor bank account validations when registering a supplier or when editing vendor data. As your team fills in supplier details, Trustpair automatically verifies company information, bank details, and the correlation between the two, providing an assessment directly in the JAGGAER interface on the Vendor profile page.
Thanks to the reporting tools and advanced dashboards provided by Trustpair’s web app and those accessible directly in JAGGAER, you can monitor your progress in securing the P2P process and verifying new suppliers as finely as possible.
Discover how finance teams successfully to automate and streamline their account validation processes in JAGGAER.
"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."
Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.
We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.
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JAGGAER is leading the Autonomous Commerce revolution, a self-governing B2B commerce experience between buyers, suppliers, things (IoT), and partners. Over $500 billion worth of goods flows frictionlessly through our Enterprise Commerce Network every year.
Leveraging AI and machine learning, these intelligent procurement solutions provide enterprise buyers and suppliers with smart-match recommendations that align buyer needs with supplier capabilities. The solutions autonomously execute many of the repetitive, behind-the-scenes tasks required to facilitate enterprise commerce. They have over 1,100 employees strong, all focused on customer success.
For further information please visit www.jaggaer.com
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.
