Vendor On-boarding and Management
Trustmi’s solution streamlines the vendor setup process, validates vendor data and bank accounts in real-time, reduces manual errors, and protects organizations from fraud throughout the entire vendor lifecycle.
Onboarding new vendors and managing detail change requests are often time-consuming, error-prone, and vulnerable to fraud due to manual validations, lack of automated security controls, and outdated processes.
$1.5M
average loss due to vendor related fraud
(source: FBI IC3)
SOLUTION
How Trustmi enhances vendor setup and
automates details change validation to eliminate payment fraud and errors
Dedicated Vendor Onboarding Portal and Workflows
Allows organizations to configure vendor onboarding workflows to align with their unique processes, providing flexibility and reducing manual processes.
Comprehensive Behavioral AI
Automates security controls and validates vendor files and data at each step within the vendor lifecycle, ensuring seamless and secure payments.
Continuous Data Validation
Performs automated and real-time sanction validations, helping organizations remain compliant and vigilant against regulatory risks.
Seamless Process Integration
Integrates smoothly with API into ERP, email and payment systems with no disruption to your business.
Trustmi’s Trusted Vendor Network
Access to millions of verified and trusted vendors and businesses so organizations can transact with confidence.
Trusted by Finance and Security Leaders
“Trustmi provided transparency into our payment process to see where cyberattacks and errors were happening and full protection without changing our workflow."
“Like many businesses today, we’ve experienced cyber attacks on our payment process, but we didn’t realize the extent to which we were at risk until we evaluated Trustmi. Now we’re confident we’ll be able to avoid future attacks with their platform.”
“Trustmi’s platform is an important tool for our team. Their Payment Flows module increases our payment cycle security, and our team has also managed to cut down the time for preparing payments reports from half a day to half an hour.”
Trusted by Finance and Security Leaders
“Trustmi provided transparency into our payment process to see where cyberattacks and errors were happening and full protection without changing our workflow."
“Like many businesses today, we’ve experienced cyber attacks on our payment process, but we didn’t realize the extent to which we were at risk until we evaluated Trustmi. Now we’re confident we’ll be able to avoid future attacks with their platform.”
“Trustmi’s platform is an important tool for our team. Their Payment Flows module increases our payment cycle security, and our team has also managed to cut down the time for preparing payments reports from half a day to half an hour.”
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