VigilanceFraud – An end to end payment system that stops fraud in its tracks!
Our 4 minute whiteboard explainer video will take you through a step by step of what organisations current payment approval processes look like and what is considered to be best practice. We explain the flaws and gaping holes within these processes, how businesses are being exposed to risks in this process and why it is in fact, not best practice. Risks in current processes include, Data Manipulation, Phishing & Whaling scams, Falsified Invoices, Email hacking and General human error, to mention a few.
Vigilance works to close these gaps and put the control back in your hands by mitigating these risks in 3 ways;
- Segregation of duty,
- Using AI (Artificial Intelligence) and machine learning to scan and validate EVERY transaction line and alerting you to anomalies which include duplicated payments, employee bank account number in a creditor batch file, etc and,
- Proactively Auditing, Monitoring & Reporting in REAL-TIME before the money even leaves your bank account.
If you'd like to discuss your level of exposure and the role that Vigilance plays in filling the gaps in your payment approval process, get in touch with us on 09 320 0262 or email firstname.lastname@example.org to organise a consultation or demo of the software in action.