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What is Trustpair?

Trustpair is recognized as a leading platform for overseeing third-party risks and preventing payment fraud in the finance departments of medium-sized to large enterprises. It provides secure options for updating or adding third-party entities, guaranteeing prompt validation of banking information on a global scale, and monitoring both individuals and corporate entities. Users have the flexibility to import data either one by one or in bulk, which helps minimize entry errors and keeps a detailed log of all verifications performed. Trustpair partners with reputable firms that support financial teams in mid-cap and large companies as they address wire transfer fraud and streamline their processes. With Trustpair, organizations can reliably verify that payments are directed to the correct third party and the appropriate bank account, simplifying the overall procedure. Moreover, Trustpair’s cutting-edge solution optimizes the confirmation of third-party banking information throughout the entire procure-to-pay cycle, from the moment data is entered into the third-party register to the successful completion of payment operations. This all-encompassing strategy not only bolsters security but also enhances the efficiency of financial transactions, ultimately contributing to a more robust financial environment. By leveraging Trustpair, companies can navigate the complexities of financial management with greater ease and assurance.

What is OneTrust Third-Party Management?

OneTrust's Third-Party Management solution transforms the oversight of your third-party lifecycle by shifting from a questionnaire-centric approach to a risk-focused model, leveraging data-driven automation that bolsters both security and efficiency within your third-party ecosystem. This cutting-edge methodology streamlines what were once manual tasks and tailors assessments to align with the unique needs of each third-party relationship, leading to marked improvements in evaluation efficiency. Users often experience an impressive average decrease of over 70% in the time and costs associated with third-party risk assessments, which effectively accelerates the onboarding phase. The platform harnesses premier data sources to continuously track the risk profiles of third parties and proactively manages new risks as they emerge. By aligning workflows and bringing teams together through common objectives, data objects, and inventories, it promotes enhanced consistency and operational efficiency. In addition, the solution strengthens internal capabilities by automating critical processes and enabling centralized oversight of third-party inventories, which cultivates a more agile and resilient risk management framework. This seamless integration not only fortifies risk management but also enhances strategic decision-making throughout the organization, ultimately leading to more informed and effective business practices. As organizations navigate an increasingly complex landscape, adopting such innovative solutions becomes crucial for maintaining compliance and fostering collaborative partnerships.

Media

Media

Integrations Supported

SAP Cloud Platform
Datalog TMS
SAP Store

Integrations Supported

SAP Cloud Platform
Adobe Analytics
BitSight
Black Kite
Bureau van Dijk Review
D&B Connect
Databricks
Docusign
Dow Jones Risk & Compliance
Ketch
OneTrust Data Use Governance
Recorded Future
RiskRecon
Salesforce
SecurityScorecard
Supply Wisdom
UpGuard
Valence

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Trustpair

Date Founded

2017

Company Location

France

Company Website

trustpair.com

Company Facts

Organization Name

OneTrust

Date Founded

2016

Company Location

United States

Company Website

www.onetrust.com/solutions/third-party-management/

Categories and Features

Bank Verification

Not specified

Fraud Detection

Check Fraud Monitoring
Custom Fraud Parameters
Internal Fraud Monitoring

Categories and Features

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