Fraud and serious business data errors impact on profitability, reputation and in some cases the survival of Australian companies. Managing millions of transactions is expensive. It takes time, resources and specialist knowledge to detect suspicious activity and ensure problems are dealt with in a timely fashion. The longer it takes to identify a problem the more expensive it becomes.
The Satori Group’s Continuous Control and Monitoring solution, SatoriCCM, enables a proactive approach towards achieving 100% data assurance and management of exceptions. Working in conjunction with the organisations’ existing systems, SatoriCCM will automate daily, weekly and monthly tests on high volumes of transactional data and alert users to anomalies, enabling the relevant people to address these exceptions in a timely and effective manner.
We saved one client $1.2 million in a year with a daily check of account payments which proactively identified duplications and over-payments, enabling them to stop these payments from being processed.
SatoriCCM integrates with existing systems to offer a total cross-system check of data. Our clients typically address the low hanging fruit initially, starting with common Accounts Payable issues such as duplicate payments, invalid master data and overpayments. As these issues are resolved, SatoriCCM will be applied to other areas of concern, such as ghost employees and suspicious vendor details. Eventually, as exceptions decrease, clients can then progress to customising tests to meet specific areas of concern within their organisation.
There are no shortages of exceptions in a company.
You need to have certainty and assurance that every exception is processed and managed to the best of the company’s ability. The Satori Group do everything to detect the exceptions, so you can focus on dealing with them.
SatoriCCM integrates seamlessly into your existing systems such as SAP or Oracle Financial – virtually any data source. It is totally transparent and fully automated so you see what actions are being taken to remedy the identified problems. This means users can address the issues in a timely manner, ultimately leading to business improvement and total business assurance.
55 Bourke Road
Alexandria NSW 2015
P: +61 2 9667 3866
Satori Group New Zealand Ltd
Quay Business Centre
Level 13, 45 Johnston Street
Wellington, New Zealand
Tel : +64 4 889 0646