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Early detection of issues is the key to success

Continuous Internal Audit

This Government Department SatoriCCM Customer brings together multiple management functions to maximise connections between the environment, community, industry and economy. The department has around 2500 employees.

Satori has been working with their Finance and Corporate Services Department for 6 Years. Satori was engaged by the Finance Manager and with the department being so complex, continuous control monitoring was considered business essential.

The SatoriCCM Solution

Satori was initially engaged to implement SatoriCCM (Continuous Control Monitoring) Managed Services which includes detection of anomalies, remediation workflows and data visualisation dashboards across the business subject areas of Vendor Creation and Accounts Payable.

This service continuously and automatically monitors and detects commonly found errors and exceptions such as misspelled vendor names, alternate or incorrect vendor names, duplicate invoices and duplicate payments.

For this customer SatoriCCM is responsible for the early detection of over $6,000,000 worth of errors each year, which prevents incorrect payments being made, and negates the need for the Department to engage in any recovery activity.

Satori continues to provide SatoriCCM Managed Services across the subject areas of Vendor Creation and Accounts Payable and has been expanded to include the corporate Credit Card expenditure,  ensuring that the policies and procedures that the Department have in place for expenditure are followed.

To read more about CCM Finance and Internal Audit solutions please click here

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