Transfer Fraud Detection Solution from Trustpair Now Available on SAP® Store
By integrating with SAP S/4HANA®, SAP ERP and SAP HANA®, Trustpair’s solution delivers wire transfer fraud prevention and detection to customers
PARIS–(BUSINESS WIRE)–#SAP–Trustpair today announced that its Transfer Fraud Detection solution is now available on SAP® Store, which recently merged with SAP App Center as the single digital marketplace for SAP and partner offerings. Trustpair’s solution integrates with SAP S/4HANA®, SAP ERP and SAP HANA® to deliver payment security to customers by digitizing third-party controls.
“Managing supplier data in ERP systems can be challenging: 30 to 50 percent of data is obsolete in vendor master files,” said Baptiste Collot, CEO of Trustpair. “Trustpair Transfer Fraud Detection enables financial teams to work on a daily basis with fresh and synced data to avoid any errors or fraud attempts.”
The platform automates reinforced controls at three main points of risk in the procure-to-pay process, including:
- Verifying new supplier bank details and payment information change requests
- Auditing vendor master files continuously to manage the quality of supplier data
- Checking every payment to detect any suspicious data
SAP recently brought together SAP Store and SAP App Center into one single marketplace at store.sap.com. It delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated partner apps they need to grow their business. And for each purchase made via SAP Store, SAP will plant a tree.
Trusptair is a partner in the SAP PartnerEdge® program. As such, it is empowered to build, market and sell software applications on top of market-leading technology platforms from SAP. Built on SAP Business Technology Platform and integrated with SAP S/4HANA, SAP ERP and SAP HANA database using SAP Integration Suite, Trustpair fuels customers to become intelligent enterprises. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.
About Trustpair
Created in 2017, Trustpair is the market’s go-to solution for wire transfer fraud detection.
Trustpair helps companies secure their payments process by automatically verifying their suppliers’ bank details. With Trustpair, more than 150 financial team already use its risk assessment technology to:
- Automatically check suppliers’ IBAN
- Analyze their Vendor Master File in real time
- Secure all bank transfers
Website: www.trustpair.fr
Twitter: @trustpair
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Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.
Contacts
For more information, press only:
Agathe Chabert, Head Of Marketing, Trustpair
[email protected]
+33 6 42 76 34 42
