Prevent fraud with instant account validation in SAP Ariba
Access Trustpair’s vendor bank account validation directly within SAP Ariba’s registration forms. Our seamless integration eliminates tool-switching hassle, reducing errors and enhancing user experience.
What Trustpair brings to SAP Ariba
Trustpair’s integration with SAP Ariba streamlines the procure-to-pay process from the earliest stage when registering a new vendor. Register international new vendors in SAP Ariba with peace of mind. Save time and prevent fraud thanks to account validation automation embedded in SAP Ariba’s registration forms. Our seamless integration eliminates tool-switching hassle, reducing errors and enhancing user experience.
Start protecting your company from payment fraud today!
Benefits of Trustpair for SAP Ariba
Key features of SAP Ariba
Real-time account ownership verification of new vendors
Trustpair enables automated account validation within SAP Ariba during vendor registration. When a new vendor fills in its details, Trustpair automatically checks company information, bank details, and the correlation between the two. Trustpair provides an assessment directly in the SAP interface.
Enhance vendor data analysis with Trustpair's dashboards & exports
Thanks to the evaluation records, dashboards, and dedicated analytics available on Trustpair’s web app, you can easily visualize your progress to secure the P2P process and verify new vendors.
Benefit from GIACT network
Our customers integrated Trustpair into SAP Ariba
Discover how finance teams successfully to automate and streamline their account validation processes in SAP Ariba.
"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
SAP Ariba is a cloud-based platform for purchasing and procurement. It supports buyers in all their classic tasks and ensures the digital transformation of the purchasing cycle.
In addition to various strategic tools, the solution functions as a B2B marketplace where companies and their suppliers can collaborate and transact virtually.
The interfaces are reminiscent of the ease of use that users of B2C marketplaces are familiar with from private online shopping. However, buyers have access to far more business management features in the background. Ultimately, all steps in the procurement chain can be mapped digitally.
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.
B2B payment fraud can occur in a procurement tool when there are vulnerabilities or weaknesses in the system’s security protocols. Fraudsters may exploit these weaknesses to impersonate suppliers during registration. Here are some common scenarios in which B2B payment fraud can take place within a procurement tool:
- Supplier Impersonation: Scammers can impersonate legitimate suppliers during the procurement process. They may create fake supplier accounts or compromise the accounts of real suppliers to change payment details, diverting funds to their accounts.
- Phishing Attacks: Fraudsters may send phishing emails to procurement professionals, posing as suppliers or internal team members. These emails can contain malicious links or attachments that, when clicked, compromise the user’s credentials or infect the system with malware.
- Identity Theft: Criminals can steal the identities of legitimate suppliers or employees within the organization. They may then use this stolen identity to change payment information, redirect funds, or initiate fraudulent transactions.
- Unauthorized Access: If the procurement tool lacks robust access controls and authentication mechanisms, unauthorized individuals or employees may gain access to the system. They can manipulate supplier data, payment instructions, or procurement orders.
- Vendor Database Manipulation: Fraudsters with access to the procurement tool’s vendor database can alter supplier information, including bank account details, to reroute payments to fraudulent accounts.
To mitigate the risk of B2B payment fraud in a procurement tool, organizations should implement robust security measures, such as multi-factor authentication, encryption, and regular security audits. Employee training programs on recognizing and reporting potential fraud attempts are also essential. But essentially, conducting due diligence on new suppliers and verifying the authenticity of supplier information and its bank account ownership with software like Trustpair can help prevent fraud.
Trustpair is integrated directly within SAP Ariba interface and does not require users to leave the platform. You can register a new vendor and validate their bank account ownership automatically during the process.