The annual financial audit: a crucial, complex, and often hectic period for municipalities. And then the auditor arrives. Providing supporting documents for sample checks on outgoing payments is labor-intensive and far from foolproof. Enter SafeSpend—now, one click is all it takes.
SafeSpend offers a unique and advanced platform specifically designed to help municipalities proactively manage and control their complex outgoing payment flows. Here are several ways SafeSpend helps reduce your workload:
✅ Automated checks – Our intelligent algorithms verify every transaction before it takes place, preventing fraud, incorrect payments, and duplicates.
✅ Smart use of data – SafeSpend leverages your historical data, big data, and external sources such as the Dutch Chamber of Commerce (KVK) and Graydon Creditsafe to detect anomalies.
✅ Tailored fraud prevention – Controls are configured per source system and payment batch, allowing SafeSpend to flag irregularities before they become issues.
✅ Time-saving – You only review what truly requires attention. All actions are logged within the system, which continuously learns and improves.
✅ CEO fraud prevention – Our urgent payment functionality ensures you can safely process high-priority payments while maintaining full control and traceability.
✅ Built-in role separation – Every step in the payment process is clearly defined, with strict separation of duties to prevent unauthorized access or oversight.
✅ Transparent control – SafeSpend’s robust audit trails allow municipalities to verify and demonstrate the integrity of each transaction through clear, standardized reports for external auditors.
The annual audit doesn’t have to be a headache. With SafeSpend, municipalities can look forward to a streamlined, secure, and efficient audit period—and sleep better throughout the year.