Sampling isn't cutting it
Too much risk
Most audit and accounting teams come to a point where internal sampling of financial transactions is insufficient. Sample sizes of 4-8% of financial transactions are just too little, exposing an organization to too much risk.
Making a decision
When an organization decides it needs to more broadly monitor its financial data, it typically pursues one of two options: it seeks to either build its own audit monitoring using commercially available analytics tools or turns to a purpose-built application.
Getting it right is difficult - very difficult
Only for the brave
To build a financial risk discovery and monitoring platform requires deep domain and technological expertise. Teams that seek to build such a platform quickly discover that the data cleansing and preparation required to make their financial data analyzable is complex and time consuming.
Even the brave fail
When combining data from multiple sources, incuding ERP, T&E, Treasury and banking systems, and across multiple geographies, the task becomes even more difficult. Teams may spend years and dedicate multiple team members to such an effort which becomes costly and inefficient. And when team members leave, their knowledge and expertise to manage the system, may leave with them.
Going with off the shelf
Time is money
For this reason, more and more audit and accounting teams are choosing purpose-built financial risk discovery and monitoring platforms. While many of these solutions promise out-of-the-box anomaly detection and monitoring, none of these can deliver without considerable setup and data preparation. This means time to value is delayed.
AI can’t do it alone
More and more of these solutions are basing their controls and monitoring on machine learning technologies and AI instead of domain expertise. While Supervizor loves AI and has rapidly deployed and continues to deploy numerous incremental AI controls and techniques in our platform, our customers rely on our audit and accounting expertise. Our modelling of more than a million financial transactions that allow us to understand over 97% of all transactions, after just the first analysis. This changes everything.
The Supervizor Advantage: Speed and Scope
The quickest time to value
Supervizor was built by audit and accounting experts and is the only solution available today that automatically recognizes transactions and classifies them by accounting type to create a single, unified ledger across multiple ERPs and geographies. This means there is minimal setup and no data preparation or cleansing. In other words, Supervizor provides the quickest time to value so your audit team can find risk in your financials almost immediately.
The broadest risk coverage
Also, and unique to Supervizor, is the breadth of risk that can be monitored for and detected—and one that is constantly growing. Spanning AP, AR, Treasury, T&E, compliance, banking details and numerous other transaction sources, Supervizor offers more than 350 out-of-the-box AI and rules-based controls which look for specific risk types. And this grows daily as more and more transactions are analyzed for risk across new data sources and geographies. These capabilities make Supervizor the most comprehensive financial discovery and monitoring solution available.
Find risk before risk finds you™ with Supervizor.
By selecting Supervizor, we strengthened our internal controls, automatically detecting errors and improving our accounting practices.
Vice-President of Global Accounting, Lacoste
We implemented Supervizor to analyze 30+ subsidiaries in 10+ countries. It enables us to stay compliant with local regulations and structure our IC framework.
Our goal isn't to add work to the team but to replace manual and non standardized controls with something tracked directly in a platform and editable afterwards.
Supervizor eases our daily tasks and makes us much more efficient. Where we used to struggle to perform around twenty audits per year, we now have over 300 happening at any time.
Supervizor’s impact was immediate - a massive productivity gain without increasing headcount. We save countless administrative hours of manual testing, while expanding significantly our audit scope.
As soon as an incident or fraud occurs and the regulatory authorities get involved, you’ll be glad to have a tool like Supervizor. At that moment, the return on investment becomes invaluable.
Group Risk and Internal Audit Director, Indigo
The added value of Supervizor is having a single, centralized control repository, giving us oversight while also accommodating the unique needs of each subsidiary.
General Secretary, Sucden
Supervizor is a game changer. It has helped us to proactively anticipate challenges and significantly improve our accounting processes.
In addition to ensuring compliance with the Sapin II regulation, the search for duplicate payments almost reimburses the cost of the software.
We chose Supervizor for new controls we wanted to implement across all entities, regardless of the information system used, and it was quite automatic and quick to set up.
Global Process Owner, Corporate Finance, Michelin
Being able to put 100% of your accounting data into a control tool is, to me, simply magical.
Group Risk and Internal Audit Director, Indigo
Supervizor has enabled us to standardize controls and implement a cohesive system across the organization.
General Secretary, Sucden