Eliminating accounts payable exposures
Accounts payable (AP) is at the heart of robust financial management, playing a central role in ensuring cash flow health and securing timely payments to suppliers.
By its nature, it is highly vulnerable to exposures resulting from human error, non-compliant activities such as deviation from standard procedures, and fraud, both internal and external. In this use case, you will learn how to detect AP related exposures before the damage is done.
The vulnerabilities are many
Any oversight or manipulation within the AP process can compromise your organization’s Financial Integrity, with vulnerabilities spanning multiple domains.
POs and invoices
Forging invoices and POs
Invoice splitting/smurfing
Unapproved no-PO payment
Suppliers and vendors
Manipulating vendor master data
Paying unauthorized suppliers
Bypassing payment policies
Payment execution
Making duplicate payments
Executing unauthorized payments
Facilitating overpayment
Manipulating payment terms
The high cost of exposure
Even small integrity gaps in the AP process can ripple across the business. Left unchecked, these exposures create losses and damages that no organization can afford.
scrutiny
Eliminate integrity
exposure with Datricks
The Datricks Financial Integrity Platform brings autonomous, real-time control over AP processes, empowering finance teams to proactively eliminate integrity exposures, with:
Without needing any input, Datricks automatically and continuously analyzes your financial processes in order to understand your business context.
Problems are identified across all business data and analyzed by our AI in the context of their financial processes in real time.
Sending real-time alerts with insights to eliminate exposures before the damage is done.
Eliminate AP exposures
with Datricks
The Datricks Financial Integrity Platform brings autonomous, real-time control over AP processes, empowering finance teams to proactively eliminate integrity exposures, alerting to:
Payment terms manipulation
Duplicate payments
Actual SoD violations
Invoice pre-dating
High volume of manual changes
PO and invoice splitting
Excess billing
Late invoice reversals
Invoice smurfing to avoid approval thresholds
Vendor master data manipulation
Maverick buying
After the fact POs
The Datricks advantage
No more blind spots, errors, or costly surprises. With the Gen-AI powered Datricks Financial Integrity Platform, finance teams gain complete control over every payment and process, preventing fraud, protecting cash flow, and safeguarding vendor trust.
Industries we serve
The Datricks Financial Integrity Platform is designed to help organizations across a diverse range of industries to gain autonomous, real-time control over financial operations, eliminate exposures, and ensure Financial Integrity.
Automotive
Chemicals
Energy
Manufacturing
Pharma & healthcare
Retail
Software and SaaS
Utilities
Be part of
the conversation
Todd Freeman
VP Internal Audit
When we were evaluating other solutions, it was clear that Datricks brings the only platform that can help us identify inefficiencies in our billing processes, eliminate costly rebilling, and drive real savings. No BI system can do that. Now that’s impressive!
Brian Wueste
Head of Audit Internal
Datricks helped iRobot by showing process variances between regions in our global business, allowing us to prioritise efficiency opportunities and controls over business variations that were suddenly visible.
Heiko Laessig
EVP Risk, Internal Control and Process Management
We have already witnessed that this solution will help us identify and mitigate risks, improve our processes, and ultimately achieve our business goals efficiently.
Rami Bareket
Director, Head of Global IT Audit
Datricks mapped controls that were never conducted in the past, enabling us to find meaningful issues with substantial impact on the business
