The annual audit: a crucial, complex and above all busy period for municipalities. And then the auditor arrives. Providing samples of outgoing payments is very labor-intensive and moreover not entirely conclusive. Enter SafeSpend — one click of a button is all it takes from now on.
SafeSpend offers a unique and advanced platform specifically designed to enable municipalities to preventively audit their complex outgoing payment flow. Here are some ways SafeSpend reduces your workload:
✅ Automated checks: Our unique and smart algorithms check all your transactions before they occur. This prevents fraud, erroneous and duplicate payments.
✅ Smart use of data: SafeSpend uses your historical data, big data, and data from the open Chamber of Commerce and Graydon Creditsafe to identify anomalies.
✅ Tailor-made fraud prevention: Specific checks are set up per type of source system and payment batch. This allows SafeSpend to signal irregularities before they become problems.
✅ Time-saving: You only carry out meaningful checks that are presented based on logic. Everything is recorded within the system and permanently trained.
✅ CEO fraud: With our urgent payment functionality, CEO fraud is definitively a thing of the past, while you can still demonstrably and safely make an urgent payment.
✅ Configured segregation of duties: Every step in the payment process is crucial and set up in fixed roles that in some cases may not or cannot overlap.
✅ Transparent control: SafeSpend's thorough audit trails enable municipalities to guarantee and demonstrate the integrity of every transaction in standard reports that you can present to the external supervisor.
The annual audit does not have to be a headache. With SafeSpend, municipalities can look forward to a streamlined, reliable and efficient audit period. Moreover, you will sleep considerably better throughout the year.