About VigilantPay
VigilantPay is an accounts payable protection software from Vigilance Ltd that aims to protect against business email compromise and financial fraud in New Zealand. It combines supplier verification, quick adoption, and an easy-to-understand interface so finance teams can manage risks effectively. The software includes a simple drag-and-drop process that allows users to navigate effortlessly, while anomalies and errors are flagged immediately to prevent financial discrepancies. VigilantPay is designed for CFOs and finance teams looking for reliable security measures to safeguard their payment processes. Key capabilities: supplier verification quick adoption user-friendly interface drag-and-drop process immediate error flagging Best for: finance professionals that need to protect against financial fraud and payment errors.
VigilantPay is an enterprise-grade Accounts Payable and Payroll protection platform designed to stop payment fraud and error in real-time. It leverages powerful, proprietary Realtime AI and unmatched anomaly detection, scanning every line of every payment to uncover suspicious activity that manual processes miss. The system excels at mitigating high-risk fraud vulnerabilities, particularly by cross-checking data siloed across major ERP and Payroll systems, and by securing supplier onboarding against constant change fraud. The software is highly praised for its ease of use, featuring a SIMPLE TO USE "Drag & Drop" interface for file submission. Crucially, its implementation is non-invasive and rapid: it’s a SaaS/Web-Based solution that can be "up and running within hours," integrating with all major systems. This streamlined process ensures the AP Team can quickly quarantine suspicious transactions, while also providing controllers and executives with crucial segregation of duties, assurance, and real-time audit visibility. Pricing is transaction-volume based and scales with the annual value of payments processed.
Pros & Cons
- +Provides real-time fraud detection for Accounts Payable, reducing financial risk.
- +Easy-to-use interface that allows staff to quickly verify payments and account details.
- +Reliable repeated payment notifications and alerts for changed account names.
- +Enterprise-grade solution suitable for high-volume AP and payroll environments.
- +Fast and responsive customer support for setup, troubleshooting, and guidance.
- −Some users may experience minor latency issues initially.
- −Focused mainly on AP and payroll; may not cover other financial systems.
- −Requires accurate historical data for effective fraud detection analysis.
- −Annual or long-term subscription costs could be restrictive for smaller teams.
- −Heavy reliance on staff following alerts and recommendations to prevent fraud.
Features
Key features
- Payroll Integration
- Incorporate payroll into fraud/payment protection, cross-checking payroll and accounts payable data.
- Streamline Approvals
- Separate roles and duties, speed up approvals, simplify workflows, and enforce internal policies.
- Cross-Border Payments Protection
- Safeguard both domestic and international payments against fraud and errors.
- Shared Services Coverage
- Manage multiple business entities and ERPs while removing information silos to detect hidden anomalies.
- Supplier Management & Verification
- Secure onboarding of suppliers and automatically detect changes to supplier details before payments.
- Real-Time AI Anomaly Detection
- Scan every transaction with proprietary AI to flag anomalies and potential errors immediately.
- Quarantine Suspicious Transactions
- Automatically isolate flagged payments to prevent disruption in accounts payable processing.
- Audit, Risk & Reporting
- Generate real-time payment audits and detailed reports for compliance, accountability, and risk management.
- Drag & Drop File Upload
- Quickly upload AP and payroll files via a simple drag-and-drop interface.
- Vendor Community Intelligence
- Leverage lists of known trusted and suspicious suppliers to enhance verification and fraud prevention.
Additional features
- Every-Transaction Checked
- Every transaction is scanned in real time using AI and proprietary algorithms to detect anomalies immediately.
- Payroll and AP Cross-Checks
- Payroll and accounts payable data are cross-checked to uncover hidden anomalies and prevent fraud.
- Supplier Onboarding and Verification
- Supplier onboarding, change detection, and verification are performed, including micro-payment confirmation to ensure authenticity.
- Segregation of Duties
- Duties are separated with notifications for approvals and workflow enforcement to maintain internal controls.
- Quarantine Flagged Payments
- Suspicious payments are quarantined automatically to prevent delays in accounts payable processing.
- ERP and Payroll Connectors
- Supports major systems like SAP, Oracle NetSuite, MYOB, Xero, Dynamics 365, Odoo, Epicor, JD Edwards, Pronto, and MS Access for seamless integration.
- Real-Time Audit and Reporting
- Provides real-time audit reports, risk analysis, and financial insights for accountability and compliance.
- Cross-Border Payments Protection
- Safeguards both domestic and international payments, including foreign exchange transactions.
- Vendor and Supplier Intelligence
- Uses community intelligence to verify trusted and suspicious suppliers, enhancing fraud prevention.
- Historical Fraud Analysis
- Offers free historical fraud analysis to evaluate past payment vulnerabilities and detect patterns.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About VigilantPay
VigilantPay is an accounts payable protection software from Vigilance Ltd that aims to protect against business email compromise and financial fraud in New Zealand. It combines supplier verification, quick adoption, and an easy-to-understand interface so finance teams can manage risks effectively. The software includes a simple drag-and-drop process that allows users to navigate effortlessly, while anomalies and errors are flagged immediately to prevent financial discrepancies. VigilantPay is designed for CFOs and finance teams looking for reliable security measures to safeguard their payment processes. Key capabilities: supplier verification quick adoption user-friendly interface drag-and-drop process immediate error flagging Best for: finance professionals that need to protect against financial fraud and payment errors.
VigilantPay Details
VigilantPay's In-App Market Place
Does VigilantPay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
AUD (A$), NZD (NZ$)
Pros & Cons
- Provides real-time fraud detection for Accounts Payable, reducing financial risk.
- Easy-to-use interface that allows staff to quickly verify payments and account details.
- Reliable repeated payment notifications and alerts for changed account names.
- Enterprise-grade solution suitable for high-volume AP and payroll environments.
- Fast and responsive customer support for setup, troubleshooting, and guidance.
- Some users may experience minor latency issues initially.
- Focused mainly on AP and payroll; may not cover other financial systems.
- Requires accurate historical data for effective fraud detection analysis.
- Annual or long-term subscription costs could be restrictive for smaller teams.
- Heavy reliance on staff following alerts and recommendations to prevent fraud.
VigilantPay's Support Options
Email Address
support@VigilantPay.comContact
+64 9 320 0262VigilantPay's Alternatives
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