This week’s guest blog is from one of our exhibitors,Mandant:
Find out how Sis Inside Coupa, powered by Mandant, can help you keep ahead of new rules (ECCTA) around corporate fraud and ensure all your payments are safe and secure.
What is ECCTA?
The Economic Crime and Corporate Transparency Act (ECCTA) has brought in a number of measures to improve the operation of Companies House and other legal entities. The Act is a major change intended to strengthen the UK business environment, support national security and disrupt economic crime.
As part of the Act, a new offence of ‘failure to prevent fraud’ was introduced on 1st September 2025 in the UK. All large organisations must now demonstrate that they have taken reasonable and proportionate steps to prevent fraudulent activity.
There are new responsibilities for all new and existing company directors, people with significant control of a company (PSCs) and anyone who files information on behalf of a company. Companies must make sure that they do not carry out unlawful activities, or enable others to carry out fraudulent and other unlawful activities that benefit them. It is even more important to stop fraud happening either internally in your organisation or externally in your partner, supplier and customer network.
Which organisations are affected?
The new rules apply to large organisations with two out of three qualifying features:
- 250 employees or more
- £36m turnover or higher
- £18m or more on the balance sheet
Businesses are now expected to trace all financial transactions and demonstrate that they have prevented fraud internally and throughout their payment network.
What do organisations have to do?
As the legislation requires companies to prevent fraud committed for their benefit by their own people or associated persons, UK organisations and relevant foreign subsidiaries or agents must all comply or face prosecution.
To demonstrate compliance organisations must:
- Assess fraud risks
- Implement proportionate controls
- Train staff
- Document measures taken and outcomes achieved
What are the challenges?
Tracking and tracing fraud risk through your organisation and wider business network can be challenging. It is often difficult to follow transactions through their life cycle when there are multiple actors, and international entities involved.
It is vital that organisations implement strict security processes around their use of data. Sensitive data, like financial information and validation, requires even more stringent security. User identity needs to be verified within strict protocols. This ensures that only verified users are able to access data and initiate financial transactions. At the corporate level it is even more important to know that the financial information you use with your trading partners is accurate and secure.
Sis ID inside Coupa powered by Mandant keeps you compliant and secure
Sis Inside Coupa is a Coupa certified solution which Mandant developed for the Coupa market using the well established, proven and global Sis ID (an Eftsure company) solution. It focuses on the Coupa third party supplier onboarding and supplier payment processes, securing your payments and controlling the risk of transfer fraud, bank checks are completed directly within the Coupa application – the only solution on the market that is truly integrated into Coupa.
Coverage maps across all the entities you deal with, regardless of global location. Sis Inside Coupa provides full transaction history to give you peace of mind. The system allows you to anticipate and detect fraud attempts to prevent financial loss and keep you compliant with the new law.
Setup is fast, easy and fully integrated, providing a seamless experience for your users. It makes sure you pay the right third party on the right bank details, every time. It saves effort and cost, streamlining processes from purchase to payment.
The Solution:
- Mitigates fraud risk by systematically checking your beneficiaries’ bank details against validated registers
- Improves transaction traceability with comprehensive control history and audit trails available for every verification
- Certifies payee data to support due diligence and regulatory compliance
- Reduces refund disputes – Sis ID’s unique insurance policy covers fraud on payments made to bank details validated as reliable by their application
Many organisations are already benefiting from the powerful combination of Sis inside Coupa powered by Mandant, providing peace of mind for every payment. Find out why you should join them.
Meet Mandant, and other tools for finance exhibitors, at financeSHOWCASE Manchester – at Old Trafford! Get your FREE tickets here
