Satori Automated Corporate Credit Card & Expense Monitoring

Corporate Credit Card & Expense Monitoring

Gain greater assurance over your organisation’s corporate card and employee expenses through automated compliance 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, 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

Merchant Management

  • Approved/blocked merchants
  • Fuel cards
  • Procurement policy compliance

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

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.

CASE STUDY

FMCG Credit Card Monitoring

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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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