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.

Transaction Monitoring

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

Invoice Monitoring

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

Vendor Master

  • Duplicate vendors using multiple combinations 
  • Missing/incorrect vendor info 
  • Incorrect vendor registration details 
  • Dormant vendors 
  • One-time vendors 
Invoice Payment Monitoring Accounts Payable

GST/VAT/TAX

  • GST/VAT discrepancies  
  • Invoices with GST/VAT for vendors not registered  
  • Invoices with no GST/VAT for vendors correctly registered
Satori Accounts Payable Transaction Monitoring

Purchase Orders

  • Purchase limits check 
  • Split Pos 
  • Unauthorised POs 
  • PO date after invoice date 
  • Two/three-way matching 
  • Segregation of duty checks
Retail Transaction Monitoring

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

What’s included

Performance Reports

High-level system performance and identification of areas for control, policy or process improvement summary.

Environment

The Satori solution includes server, software, installation, and maintenance of software.

Implementation

Implementation of initial tests with configuration of your workflow and visualisation.

User Training & Management

Best practice end-user training to close exceptions and operation of the solution.

Daily Health & Admin

Satori’s experts act as a System Admin Manager and provide daily health checks on your server and data loads.

Ongoing Refinements

We work with you on an ongoing basis to refine your tests, ensuring the exceptions are delivering the required outcome.

Executive Dashboards

A realtime overview of what exceptions have occurred, what has been followed up and what is potentially overdue.

Additional Tests

We work with you on data quality improvements and new tests to increase coverage or cover gaps on controls.

Local Support

The Satori Customer Success and Support team are APAC based providing support even through holiday seasons.

WEBINAR

Procure-to-pay – What is your ERP not telling you?

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TRUSTED BY OVER 200+ ORGANISATIONS
Satori Customer MMG Mining

“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.”

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“Satori takes our data, puts it through their magical system, and presents it back to us in an actionable format.”

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