Calls, counter-calls, data searches:vendor account validations performed by financial teams do not provide sufficient protection against payment. Manual, time-consuming and highly fallible, a single vendor account validation takes over 30 minutes on average.
Verifying account ownership internationally is not a simple task for Finance teams. In addition to manual controls and the use of various data sources, specific tools only allow domestic validations. With Trustpair, access instant account validations worldwide.
Account validations performed by Finance teams are uncertain and based on trust. There is no way for teams to keep track of the account validations performed by AP teams. Trustpair allows you to streamline your control processes while complying with regulations: