Automate the payment times reporting process and benefit from efficiency and 100% accuracy.
Ensure you are PTRS ready
Large businesses and large government enterprises will need to report their SME payment terms and times processed.
Although for the first year there will be no penalties or enforcement of this act, non-complying companies will still be listed on the registrar’s website from 2022, this act will be enforced with significant penalties and media publication of non–conforming entities. With increased pressures on SME businesses, additional scrutiny from the regulator will result in an increased risk of financial and reputational damage in the event of non-compliance
PTRS is not just about reporting to the regulator, but ongoing monitoring and improvement of SME spend.
Satori for Payment Times Reporting Compliance
Automated PTRS Management
- Spend against PTRS targets
- Vendors with missing or incomplete data
- Invalid ABNs
- Potential duplicate vendors
- Vendor classification
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