Vendor data evolves and degrades over time. On average, 30% of erroneous data is observed in the vendor databases, which exposes the company to payment risks (delays, fraud,...). Ensure a detailed analysis of your vendor database locally and internationally.
Closed company, judicial liquidation, change of bank account: legal and banking informations change all the tome. Updating your database manually can become overwhelming and time-consuming. Trustpair provides intelligent suggestions to help you clean and update your vendor database.
When it comes to reviewing internal procedures, companies share a common concern: optimizing their existing processes without adding complications. Continuous database monitoring protects you from the risks of payment fraud, no matter where your vendor is hosted.