For those of you that are not aware, cybercrime is on the increase in a massive way, and business email compromise, impersonations and payment fraud are rife. This has only been exacerbated by teams working remotely and tough economic times, leaving businesses exposed to both external and internal fraud.
eftsure, is a web-based SaaS software solution that helps bring financial controls and compliance to the digital age helping businesses of all sizes automate, manage, control and secure the full lifecycle of a payee from on-boarding through to the actual point of payment, providing you with real time verification of Payee details throughout the entire journey, ensuring that payments are being released to the intended recipients. This enables organisations to elevate internal controls and to add to a mulit-tiered risk mitigation strategy to prevent payment fraud.
Some of the key benefits obtained from eftsure are:
• A digital and secure environment to collect, manage and control payee (supplier/vendor/any payee etc.) data, as well as to create efficiencies in the process.
• Automated system verification of key information, at point of onboarding, existing payee information as well as changed payee details.
• Point of payment screening of 100% of the line items in your payment batch before releasing payments, to ensure payment information has not been compromised along the way
For more information please contact eftsure at firstname.lastname@example.org or +27 87 149 1751