VigilantPay
Business software that reviews proposed payments before payments go to the bank & helps protect organisations from fraud and errors.
What is VigilantPay?
VigilantPay sits between the Payroll and ERP systems of an organisation and their banking platform, analysing proposed payments prior to the bank being instructed to make payment. By being embedded in these payment and approval processes VigilantPay assists by automating robust checks and ensuring separation of duty. Using AI, VigilantPay performs a range of cross-checks within seconds that are not humanly possible to perform in real-time during the crucial approval stage. When erroneous payments are detected, it also highlights that other controls and checks upstream are not working correctly. Vigilance does this by receiving payment batch files from the company's accounting/payroll system and then uses numerous algorithms and AI smarts to review and compare the BANK ACCOUNTS associated with each proposed payment. It then highlights these to the appropriate authorizer and/or owner so suspicious transactions can be further reviewed PRIOR to payment.
Categories
Features
FAQ
The official website of VigilantPay is https://www.vigilance.co.nz/
VigilantPay sits between the Payroll and ERP systems of an organisation and their banking platform, analysing proposed payments prior to the bank being instructed to make payment. By being embedded in these payment and approval processes VigilantPay assists by automating robust checks and ensuring separation of duty. Using AI, VigilantPay performs a range of cross-checks within seconds that are not humanly possible to perform in real-time during the crucial approval stage. When erroneous payments are detected, it also highlights that other controls and checks upstream are not working correctly. Vigilance does this by receiving payment batch files from the company's accounting/payroll system and then uses numerous algorithms and AI smarts to review and compare the BANK ACCOUNTS associated with each proposed payment. It then highlights these to the appropriate authorizer and/or owner so suspicious transactions can be further reviewed PRIOR to payment.
VigilantPay belongs to the Accounts Payable, Financial Fraud Detection, Financial Reporting, Financial Services, Vendor Management category.
VigilantPay offers features such as Audit Trail, Bank Reconciliation, Compliance Management, Duplicate Payment Alert, Multi-Currency, Check Fraud Detection, Custom Fraud Rules, Data Discovery, Internal Fraud Monitoring, Data Import/Export, Reporting/Analytics, Financial Analysis, Risk Management, Transaction Monitoring, Approval Process Control, Onboarding, Risk Assessment, Transaction History.
No, VigilantPay does not offer a free trial.
Pricing
Starting at:
$499/usage based
Free Trial Available
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