Product
Preventive control of outgoing payments
SafeSpend is built on the proven technology of the Continuous Auditor by Wielick BV, the data analysis platform used to audit more than 100 municipalities on their outgoing payment flows, and used by leading accounting firms to assess financial administrations for reliability, accuracy and completeness.
Where that audit traditionally takes place after the fact, SafeSpend applies the same algorithms preventively. Every payment is checked before it goes out the door.
Every payment batch from the ERP goes through a structured control process with automatic analyses of unusual amounts, known fraud signals and irregular patterns. Segregation of duties is technically enforced throughout.
Every step is recorded in a complete audit trail, directly accessible through reports. When the auditor asks for substantiation, it's already there — no preparation, no reconstruction.
SafeSpend is used by municipalities of all sizes, from the largest cities to small municipalities, and works across multiple ERP systems. Below you can request our brochure. You can also contact us via our contact page.