Automate the payment times reporting process and benefit from efficiency and 100% accuracy.
Large businesses and large government enterprises will need to report their SME payment terms and times processed.
Although for the first year there will be no penalties or enforcement of this act, non-complying companies will still be listed on the registrar’s website from 2022, this act will be enforced with significant penalties and media publication of non–conforming entities. With increased pressures on SME businesses, additional scrutiny from the regulator will result in an increased risk of financial and reputational damage in the event of non-compliance
PTRS is not just about reporting to the regulator, but ongoing monitoring and improvement of SME spend.
Automate the PTRS reporting process and comply with your organisation’s obligations in an efficient and accurate manner.
Gain benefits outside of a pure compliance obligation such as improved processes and master data accuracy.
Monitor supplier activity to ensure compliance and optimisation of SME spend.
Provide assurance to executives that your organisation’s PTRS reporting is complete and accurate.
Satori is a Software as a Service that offers automated, AI-driven, continuous control monitoring across any process within your organisation.
The Solution’s workflow manages exception output to ensure follow-up in a timely manner by the team or the person of responsibility. Each exception is investigated and closed out with a defined issue, action, and root cause.
Satori’s Dashboards provide management with real-time visibility on what issues are occurring and their root causes, enabling opportunities for process improvements.
”Millions saved from one test of procurement data that detected a years-long fraud, fuelled by a gambling debt. The case went to Court and there was a conviction.
Large ASX Listed BusinessChief Financial Officer
High-level system performance and identification of areas for control, policy or process improvement summary.
The Satori solution includes server, software, installation, and maintenance of software.
Implementation of initial tests with configuration of your workflow and visualisation.
Best practice end-user training to close exceptions and operation of the solution.
Satori’s experts act as a System Admin Manager and provide daily health checks on your server and data loads.
We work with you on an ongoing basis to refine your tests, ensuring the exceptions are delivering the required outcome.
A realtime overview of what exceptions have occurred, what has been followed up and what is potentially overdue.
We work with you on data quality improvements and new tests to increase coverage or cover gaps on controls.
The Satori Customer Success and Support team are APAC based providing support even through holiday seasons.
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