Automated monitoring of payroll transactions and HR master file data to minimise errors and fraud whilst achieving 100% process compliance.
Automated, AI-driven Monitoring for HR & Payroll
The average organisation loses 2%-5% of its annual payroll costs due to errors and fraud
Organisations are at greater risk of employee payment inaccuracies and breaches than ever before. This can result in losses of 2%-5% of annual payroll costs for the typical organisation. The reasons for these increased risks can range from siloed business systems and award complexity to everyday manual processes.
Increased government scrutiny, reputational damage, and severe penalties can compound the risks associated with already complex processes, resulting in higher losses.
Nothing Slips By
Automate payroll compliance and identify potential pay discrepancies in real time, eliminating the need for manual verification.
Continually monitor the employee master file to ensure it is complete and accurate, reducing the risk of payment errors or financial loss.
The Satori Solution
Satori is a Software as a Service that offers automated, AI-driven continuous compliance assurance over all Payroll transactions and HR 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 HR & Payroll scenario
Employee Master
- Potential duplicate employees
- Missing key data fields
- Invalid Tax File numbers
- Bank account changes
Payroll Transactions
- Employee under/over payments
- Timesheet anomalies
- Payments after the termination date
- Contractor / casual payments against the policy
- Ghost employees
And More
- Accounts Payable: Automate monitoring of your Accounts Payable Process and stop what is slipping through the cracks.
- Corporate Expense and Credit Cards: Gain greater assurance over your organisation’s corporate card and employee expenses through automated compliance monitoring
- Fraud Prevention: Greatly reduce fraud risk by continually monitoring policy, process, and control compliance.
- Automated Data Governance: Monitor master file data continuously providing 100% accuracy and a single version of truth.
- Vendor Risk & 3rd Party Monitoring: Use a data-driven approach to understand your 3rd party risks by continuously monitoring them across multiple data internal and external data sets.
- Anti Money Laundering: Significantly reduce your exposure to fraud, financial crime, and regulatory non-compliance through automated transaction monitoring.
- Conflict of Interest: Provide a greater level of assurance to executives, the board, and shareholders that Conflict of Interest (COI) and collusion risks are being managed effectively.
- Procurement Monitoring: Use a data-driven approach to ensure procurement process compliance across your organisation and let nothing slip by.
”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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Satori adds Australia’s only bank-verified account verification solution to their services with the acquisition of OK2Pay
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