Satori

Curious as to how Satori works? We've outlined how we're helping protect businesses against hidden gaps in financial controls below. #BusinessTransformation #Satori #FinancialSecurity

#conflictofinterest #localcouncils #compliancerisks

#compliancedata #duplicateinvoices #telcoindustry

🚨Are your verification systems protecting you? This company learnt the hard way after losing $190K to fraud. In a landmark Australian case, a company was ordered to pay $190,000 after falling victim to a false invoice scam. Hackers accessed the email of the Director of Inoteq’s electrical vendor for a project – Mobius Group – and sent fraudulent invoices with updated bank details.  The lack of a thorough financial protection and vendor account verification process left Inoteq exposed, with devastating consequences: • Inoteq transferred the funds after only one attempted phone call to verify the bank details – with 190k never recovered • The WA District Court found Inoteq liable for not taking sufficient measures to protect itself Why this matters: Invoice scams are on the rise, with 39,000+ cases reported in 2023 alone. This case highlights the dangers of relying on manual checks and the importance of robust systems that monitor transactions and validate vendor accounts in real time. Our bank account verification platform – OK2Pay – verifies vendor and supplier bank details before payments are made to reduce the risk of fraud. Something that Inoteq could've avoided hot water with. You can read the full story here: https://lnkd.in/g2mDJaXR If you'd like to learn more about OK2Pay you can do so here: https://ok2pay.co/ #InvoiceScams #FraudPrevention #FinancialSecurity #Satori 

Despite SAP S/4HANA’s efficiency, reporting, and user experience benefits, many organisations still experience gaps in error prevention, compliance, and fraud detection. In our latest webinar, we’ll show you how to spot them.  Centred on real-world examples of SAP S/4HANA implementations, our in-house experts will discuss gaps in areas like errors and duplications in Accounts Payable, remaining manual processes post-upgrade to the cloud, and more.  It's the 30-minute webinar that could truly uplift your organisation.   Register below.

Did you know that automating AR and AP workflows can reduce resolution times by over 50%? Yet, many organisations still rely on manual processes that lead to dispute management overload. In our recent webinar with Pieter le Roux, we touched on how Coates halved the time for dispute resolution, improved accountability, and enhanced customer experience. The solution? Automating AR and AP workflows. Check out their success story – and practical tips – on transforming finance operations with automation in this write-up: https://lnkd.in/gAykUH9r #FinanceAutomation #AR #AP #BusinessTransformation #Satori 

A very happy new year to you all! The Satori team is back to work – and excited for a great 2025. This year, we’ll continue helping businesses around the world tackle fraud, errors, and inefficiencies. Let’s make it a great one! 

Happy Holidays from Team Satori to all our clients, followers and partners who helped make 2024 such a fantastic year.  We’d like to take this opportunity to wish everyone a safe and relaxing holiday period with your loved ones.  Customer support remains available except for public holidays – while the Satori platform continues working 24/7. See you in 2025! 

#InternalFraud #GST #MiningIndustry

It’s been a big year for team Satori. We've taken a massive step towards fraud monitoring by partnering with Commonwealth Bank, specifically its NameCheck solution. And, to further power ours, we acquired OK2Pay, Australia’s only bank-verified account verification service. We've had some great conversations with Pieter le Roux, Sherry Duhe, James Roberts, and many of our Satori experts. A big thank you to all of you for all your insights.   From new clients to new capabilities and exciting developments in the space, it's been a great 2024 for us. Plus, we've had a lot of fun!  We look forward to sharing all the exciting things coming in 2025!