Satori Automated Corporate Fraud Prevention

Automated Corporate Fraud Prevention

Greatly reduce fraud risk by continually monitoring policy, process, and control compliance.

Proactive Fraud Detection

The rise in system digitisation has increased the risks associated with fraud and spend abuse risks. These risks, if not managed effectively can cause great financial or reputational loss to your organisation.
With the ever-increasing volume of data and the sophistication of fraudsters, organisations can no longer solely rely on system controls or manual checks to detect and prevent fraudulent activity.

Prevention is better than Recovery

Leverage AI and machine learning techniques to analyse data across multiple systems and identify patterns of spend abuse or fraudulent behaviour sooner greatly reducing financial loss and reputational risk.

Ensure the key controls implemented to prevent spend abuse or fraud are operating effectively as intended on a continuous basis.

The Satori Solution

Satori is a Software as a Service that offers automated, continuous control monitoring to detect and prevent fraud 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.

Satori for Corporate Fraud Prevention

Prevent Business Fraud

  • Unverified bank account details
  • Vendor details matching employee details
  • Same requester and approver
  • Suspicious vendors
  • Potential ghost employees
  • Timesheet abuse
  • Unauthorised personal expenditure of corporate cards

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

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.

ARTICLE

The 5 F’s: Fires, Floods, Flu, Financial Recession and Fraud

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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.”

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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