Why Satori
Errors, leakage and fraud cost businesses millions of dollars in losses every year. We know how to reduce your risk.
Our results
Many businesses, especially those with a volume of transactions, do not realise how much money they are losing or at risk of losing every year.
During 2024, the Australian National Anti-Scam Report found that business lost $2 Billion through scams and issues. ¹
Million
Was lost through payment redirection²
Revenue lost annually through accounts payable errors³
Million
Was lost to phishing scams including email compromise⁴
As well as increasingly sophisticated scams, organisations also lose money through leakage like incorrect invoice payments, conflict of interest and employee fraud. It often happens without the business even noticing.
As well as the losses up to 5% in revenue through accounts payable errors, around 88% of manual accounts payable spreadsheets⁵ contain errors.
Plus, if you do detect the issue, it can cost up to 12 times the amount lost to fix an incorrect payment.
If you're a high transaction business, those small amounts can really add up, and in cases of fraud, the financial and reputational risks are serious.
The solution is to prevent these errors or fraud from happening in the first place, or detect them in real-time for fast remediation.
That's what Satori's transaction monitoring products do. We automate manual processes and making it easy for financial teams to monitor and detect errors, with actionable reporting and improved governance.
Find out why we are trusted by some of Australia's biggest organisations to monitor more than 6 million of their transactions, worth more than $22 billion, every year.
- https://www.nasc.gov.au/system/files/targeting-scams-report-2024.pdf
- https://www.nasc.gov.au/system/files/targeting-scams-report-2024.pdf
- https://www.invensis.net/blog/ways-to-identify-accounts-payable-fraud 4.https://www.nasc.gov.au/system/files/targeting-scams-report-2024.pdf
- https://www.mhcautomation.com/blog/common-accounts-payable-issues-and-how-to-solve-them/
- https://www.mhcautomation.com/blog/common-accounts-payable-issues-and-how-to-solve-them/
Satori is your automated transaction monitoring solution
We save our clients on average $5 million a year in potential leakage and fraud. Most did not realise they had an issue until they used Satori.
Proven track record
For more than 20 years, Satori has specialised in helping organisations monitor and detect transaction issues, before they happen.
Real-time monitoring
Our automated software platform, backed by the Satori team and service, has been developed to learn and monitor your systems to provide monitoring and reporting in real-time.
Guaranteed ROI
Able to work with any financial system and covering the entire procurement to pay process, Satori’s platform offers a guaranteed return on investment.