Gain greater assurance over your organisation’s corporate card and employee expenses through automated, AI-driven compliance monitoring
Corporate Credit Card & Expense Monitoring
One in ten expense claims contain errors or fraud
One of the key factors limiting organisations from creating greater efficiencies by channeling low-value expenditure to corporate credit cards is the concern of spending abuse and fraud by senior executives.
Often spend compliance is typically monitored by cost centre managers or by a centralised team, usually by manual checks or spreadsheets. The volume of transactions makes it difficult to ensure policy adherence to corporate card spending and assurance to the executive team. Expense reimbursement is one of the most common areas of abuse whilst being subjected to the fewest controls
Total assurance over your staff expenses and corporate card spend
Process more low-value transactions through corporate credit cards and have peace of mind that policy adherence is continuously being monitored automatically.
Gain insights over corporate card assurance in real-time and detect spend errors, abuse, and fraud enhanced by the system’s ability to perform cross-system analysis.
Eliminate the need for manual compliance checks and reallocate resources to value-adding areas.
The Satori Solution
Satori is a Software as a Service that offers automated, AI-driven continuous compliance assurance over all expense and corporate credit card transactions.
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 Expense & Credit Card Monitoring
Expense Transaction Management
- Possible split transactions
- Duplicate credit card and employee expense transactions
- Valid transactions against the policy
- Transactions whilst on leave or not approved
Card Management
- Approvals check
- Duplicate/dormant cards
- Active/inactive cards
- Credit Limit checks
Cardholder Management
- Fraudulent holders
- Repeat policy breach offenders
- Cross-check with HR and payroll
- Terminated employees with an active corporate card
”Insights provided by Satori allowed us to reduce the use of our corporate cards by 50%
FMCG BusinessGroup Manager of Security & Fraud Control
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Satori adds Australia’s only bank-verified account verification solution to their services with the acquisition of OK2Pay
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