During acquisition conversations, we are often asked the "why question". Why should we use SafeSpend? We already carry out a lot of pre-checks, applying the four-eyes principle. That's good to hear but unfortunately not sufficient. With a correct name and IBAN number, you can still make seriously wrong payments. And that is also why the auditor checks strictly afterwards. By embedding SafeSpend in your payment process, you prevent incorrect payments upfront, and the auditor no longer needs to be as strict in their subsequent checks.
Audits of payment advice lists are often carried out based on random samples. This is good practice but does not cover the full risk. Besides being labor-intensive, this also often results in the same creditor or recipient being checked repeatedly.
With SafeSpend, every transaction is checked using powerful algorithms. This uses your historical data, big data and data from the Chamber of Commerce, the RDW vehicle authority and Graydon Creditsafe.
If deviations are detected, these are presented to you and require critical review. In doing so, you train the system and it becomes increasingly smarter.
By also using our urgent payment functionality, you can safely generate an urgent payment that goes through the same checks. This makes CEO fraud a thing of the past.
You work in a system with strictly configured segregation of duties, in which activities are logged per user. Through various reports, evidence can be generated for an auditing party.
Would you like to know more about how this works? Our whitepaper provides extensive explanation. Of course, we would be more than happy to arrange a no-obligation demonstration. Please contact us for this, or leave a message in the chat.