TRAILD has been designed to improve financial control. Providing the right information at the right time, so executives can review batch payments before authorising payments and transfers.
The Payments page in TRAILD provides you with a user friendly dashboard to review all payments. Approved invoices in TRAILD are exported to your ERP, and payment generated in your ERP are imported back into TRAILD for review. TRAILD automatically creates a risk assessment of every payment, so you can see whether a payment is high risk, whether suppliers details are verified and any potential concerns identified.
Within a batch payment, you can drill down into a supplier payment and view what invoices are associated with it and what the TRAILD assessed risk level is for each. Executives can also see who approved the invoice.
TRAILD assesses and flags the risk of each payment contained within a batch payment. Examples of warnings shown include new bank details or where the payment value exceeds the previous maximum value paid to that supplier.
Every invoice within a supplier payment is linked and an invoices full history can be easily reviewed - including an audit trail around invoice submission, approval and any comments made by your team.
Checking batch payment manually can be difficult and time-consuming, with information buried in confusing text. TRAILD streamlines the process, offering executives greater visibility into supplier payments and quick, efficient and comprehensive reviews. TRAILD makes it easier to spot issues, verify payments, and ensure accuracy in payments.
Before releasing payments, executives can thoroughly review the payment in TRAILD to identify any risks, such as invoices that haven’t been properly approved. This review process allows them to catch discrepancies and unauthorized transactions, adding an extra layer of security. By ensuring greater control and risk management at the point of payment, companies can better protect themselves against fraud attempts and financial losses.
By flagging errors and risks in payments before making a transaction, TRAILD helps businesses avoid costly mistakes and fraud. This proactive approach prevents unauthorized or incorrect payments, reducing financial losses and safeguarding the company’s bottom line.
We had a couple of near misses with incorrect supplier invoices, so we were looking to protect ourselves and add an extra layer of security across the company. TRAILD was a winner
We could see the benefits right away! It has already saved us from paying the same supplier invoice twice by mistake!
TRAILD has made our AP process incredibly efficient and secure, saving hours in manual processin g and helping me identify the high risk payments that need further review.
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