Agilyx is delighted to introduce PayAssure, powered by EFTsure! This brand new solution is dedicated to helping organisations identify and protect themselves against risk and errors which can occur in the supplier payment process.
Our Best Practice “Know Your Payee” solution provides real-time alerts just prior to releasing payments to your bank. Agilyx PayAssure assists businesses with verifying supplier data (and validating changes when they occur), streamlining their supplier onboarding process and ensuring payee compliance. PayAssure's real-time validation dramatically reduces the risk of paying a supplier incorrectly.
According to PwC's 2018 Global Economic Crime and Fraud Survey, 49% of respondents said their companies had been victims of fraud or economic crime, up from 36% in 2016. In our current digital environment, these threats can arise from internal or external sources, such as the rapidly growing Business Email Compromise frauds. This is why it is so crucial to be aware of any blind spots you may be facing as an organisation and take steps to fight fraud more effectively.
Agilyx PayAssure accomplishes this goal by safeguarding security, enhancing compliance and cutting fraud using third-party verification techniques in supplier management and payment processes. Businesses can take care of things that matter - like paying suppliers on time - without degrading productivity and with better controls against the rising threat of cybercrime and fraud in mind.
We understand the protection of the finances via the implementation of systems and procedures to ensure a sound internal control environment is a vitally important aspect of prudent commercial management.
PayAssure’s usage of a unique crowd-sourced, “Know Your Payee” database of independently verified payee information enables unrivalled Best Practice capability to ensure protection of your organisation's assets and reputation, as well as providing up to date information on supplier and employee compliance data. Our Vendor Relationship Management Solution simplifies Vendor onboarding and ongoing data management. With real-time Payment Protection alerts, and easy to use interface, PayAssure delivers immediate fraud and error prevention benefits to your organisation.
It is now more important than ever to take a dynamic approach when it comes to fraud risks and invest the right tools to help your organisation.