Errors and fraud in your financial processes typically result in annual losses of 1% – 5% of revenue
The ever-increasing volume of transactions and data makes it difficult to be certain that things are not slipping through the cracks in your business. Most organisations have a multitude of siloed systems that makes it next to impossible to analyse all data. 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. The risk of fraudulent activities or spend abuse demands more checks and balances are put in place. This creates more pressure on already stretched resources.
Satori for every Shared Service Function scenario
Accounts Payable Monitoring
Credit Cards and Corporate Expense Monitoring
Automated Data Governance
- Continuous Control Monitoring: Ensure policies, procedures, cross-system, and internal controls are effective, efficient, and operating as designed in real-time.
- 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.
”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
Procure-to-pay – What is your ERP not telling you?
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TRUSTED BY OVER 200+ ORGANISATIONS
“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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