Getting to 0 fraud and 100% efficiency

Danone is a leading company in the Food and Beverage industry, founded in 1919 in Spain.

SECTOR
Food And Beverage

HEADQUARTERS
Paris, France

THIRD-PARTY
75.000

COUNTRIES
Worldwide

partenaires

Challenges

Audit and clean existing local vendor databases and set up an efficient and secure bank account validation process.

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Solutions

Trustpair audited vendor data in batches by geographies to identify erroneous data. Vendors are now automatically controlled on the Trustpair platform when they’re added or in case of banking data update.

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Results

75K vendors audited and cleaned and 100% payment security thanks to automated vendor account validation. 82% of controls done in less than 72h, for more efficiency.

Context and Issues

In 2023, Danone initiated an internal project named “Vault” to reach compliant, secure, & controlled bank data management reducing the risk of fraud and enabling optimized payment processing. Trustpair was chosen to ensure vendor data security for all business entities in the world. Before Trustpair, there was no centralized tool to audit and clean vendor data:

  • Time-consuming and manual controls were executed by the GBS team for new or modified vendors. The team wasn’t efficient.
  • There was no vendor data reliability or guarantee against fraud. Payment processes were fallible and insecure.

Reliable data and increased efficiency for the teams

Trustpair audited vendor data in batches by geographies to identify erroneous data and helped Danone clean these batches before they were migrated to SAP S/4 HANA.

Vendors are now automatically controlled on the Trustpair platform when they’re added or in case of banking data update, without human intervention. Data reliability and payment security are guaranteed.

On top of that, 82% of vendor data controls are done in less than 72 hours, increasing team efficiency and removing time-consuming manual tasks.

Read the full story of Danone