Automated Monitoring of Accounts Payable Transactions and Master File Data
Automate monitoring of your Accounts Payable Process and stop what is slipping through the cracks.
Errors and Fraud in your Accounts Payable process typically result in annual losses of 1% – 5% of revenue
Companies can lose between 1%-5% of annual revenue due to errors and fraud across their accounts payable processes. Whilst Enterprise Resource Planning (ERP) systems can provide many of the needed controls, these are often not adequate or poorly implemented to provide the assurance required for peace of mind.
Nothing Slips By
Eliminate the need for accounts payable manual checks and catch what’s slipping through the cracks in real-time.
Achieve 100% confidence in your master file data, and reduce errors and fraud risks.
Gain efficiencies and insights that can identify business improvement opportunities.
The Satori Solution
Satori is a Software as a Service that offers automated, continuous monitoring over all accounts payable transactions and vendor master files.
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.
Satori for every Accounts Payable scenario
Accounts Payable Monitoring
- Duplicate invoices using multiple combinations
- Open invoices
- Open credits – Credits not set off against future supplier invoices can sit in the system for months or years and potentially never be recovered
- Unusual invoice processing activity
- Potential false invoices
- Segregation of duty checks
- Duplicate vendors using multiple combinations
- Missing/incorrect vendor info
- Incorrect vendor registration details
- Dormant vendors
- One-time vendors
- GST/VAT discrepancies
- Invoices with GST/VAT for vendors not registered
- Invoices with no GST/VAT for vendors correctly registered
- Purchase limits check
- Split Pos
- Unauthorised POs
- PO date after invoice date
- Two/three-way matching
- Segregation of duty checks
”Without Satori we would be 5 years behind on compliance framework activities, controls process maturity and internal policy compliance.Large Retail & Hiring BusinessCommercial Process & Compliance Manager
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TRUSTED BY OVER 200+ ORGANISATIONS
“I would recommend Satori to any organisation that wants to be on top of their game by having the ability to be warned and protected 24/7 *365 days a year. 100% testing run daily on high-risk assertions wouldn’t be possible without this tool doing its magic in the background.”Yuliya Gultekin - Manager Audit and Assurance, Risk and Assurance TeamWaka Kotahi New Zealand Transport Agency
“Satori takes our data, puts it through their magical system, and presents it back to us in an actionable format.”Principal Fraud and Corruption ControlGovernment Utilities
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