Satori for All Business Use Cases

Business Transaction Monitoring

Address costly errors and fraud through automation and oversight of any business data.

Satori can be implemented for all business use cases

Large and complex businesses operate on multiple IT systems across Finance, HR, Payroll, Procurement, Sales, and Operations. Gaining assurance of the data, processes, and controls within these systems is a near impossible task using manual checks or relying on audits, system controls, and reports. Companies can lose between 1%-5% of annual revenue due to errors and fraud across their financial processes. Whilst ERP systems can provide many of the needed controls, these are often not adequate or poorly implemented to provide the assurance required for peace of mind. Routine external or internal audits in most cases only provide limited analysis of the control environment at a point in time. These are reactive in nature and do not support a continuous improvement mindset. Placing reliance solely on audits and manual checks provides limited visibility to the executive team and limits the opportunity for continuous business improvement.

Use Case Examples

  • Accounts Payable: Automate monitoring of your Accounts Payable Process and ensure that nothing slips through the cracks.
  • Credit Cards and Expense Monitoring: Gain greater assurance over your organisation’s corporate card and employee expenses though automated compliance monitoring.
  • Fraud Prevention: Greatly reduce fraud risk by continually monitoring policy, process, and control compliance.
  • Continuous Control Monitoring: Ensure policies, procedures, cross-system, and internal controls are effective, efficient, and operating as designed in real-time.
  • Automated Data Governance: Monitor master file data continuously providing 100% accuracy and a single version of truth.

More Use Cases

  • 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
  • HR Payroll: Automated monitoring of payroll transactions and HR master file data to minimise errors and fraud whilst achieving 100% process compliance.

The Satori Solution

Satori is a Software as a Service that offers automated, continuous monitoring across any data process or business use case.

Satori for every Business Transaction

    Satori covers all Business Departments including:

    • Finance: Address costly errors and fraud through automation and oversight of your financial data.
    • Shared Services: Leveraging Artificial Intelligence and Machine Learning, automatically monitor 100% of the transactions and catch what’s slipping through the cracks in your business.
    • Procurement: Automate and gain greater visibility and assurance over policies, contracts, and process adherence within your business in real-time.
    • Internal Audit: Automate more of your internal audit plan and transform your engagement and influence within the business.
    • Governance, Risk, Compliance: Data-driven governance, risk, and compliance providing greater visibility and controls assurance in real-time.
    • HR Payroll: Automated monitoring of payroll transactions and HR master file data to minimise errors and fraud whilst achieving 100% process compliance.
    Retail Transaction Monitoring

    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

    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.

    WEBINAR

    Procure-to-pay – What is your ERP not telling you?

    Get more Information

    CCM
    August 30, 2022

    Mastering your Masterfile

    How often do you think about ongoing checks on your vendor status, after vendor creation in your system? Most organisations place great emphasis on ensuring their transactional data is correct.…
    Case Study
    August 29, 2022

    Large FMCG – Purchase Card Monitoring

    About the Company Listed on the Australian Stock Exchange (ASX), this FMCG company is one of the largest in the Asia-Pacific region, turning over $4.7 billion annually with a market…
    News
    July 27, 2022

    Satori partners with Group of 100

    Satori are proud Business Assurance Partners of Group of 100 (G100), the preeminent voice for CFOs in Australia. Satori and G100 share a common purpose, building better businesses for the…
    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

    Contact Us

    Complete the form below and a specialist from our team will be in touch

    This field is for validation purposes and should be left unchanged.