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About Watchful Eye
Watchful Eye is a web filtering software from Watchful Eye Software Inc. that helps organizations manage internet access. It provides pages blocked, pages unavailable, and user activity monitoring so administrators can ensure compliance with internet usage policies. The platform also includes detailed reporting features to track user behavior and website access patterns. Watchful Eye is designed to be easy to deploy and integrate with existing systems, ensuring minimal disruption during setup. Key capabilities: pages blocked pages unavailable user activity monitoring detailed reporting easy integration Best for: organizations that need to regulate internet access for employees or students.
Watchful Eye serves as a crucial governance and quality control layer for accounting professionals utilizing Xero and MYOB, focusing on enhancing internal controls and reducing the risk of errors and fraud. Built by accountants for accountants, the system provides better visibility by highlighting how well the accounting function is working and identifying anomalies in transactions and data relationships through 19 customizable alerts. Key features include the ability to report on missing supplier invoice attachments and a unique Australian-only check to ensure GST invoices are from registered suppliers. The software is deployed as a Cloud-Hosted, Web-Based solution, ensuring broad compatibility across standard operating systems (Windows, Mac, Linux). Functionally, it excels in analyzing relationships across data, such as comparing employee data (which can be uploaded manually) against supplier and customer files to detect conflicts of interest or fraud. Its new Group Menus feature allows for analysis across multiple connected companies simultaneously. Pricing is subscription-based, charged per company monitored, and structured via Advisor Packs (Small, Medium, Big) which determine the number of companies included and the level of support provided.
Pros & Cons
- +Seamlessly integrates with both Xero and MYOB platforms for smooth financial data monitoring.
- +Enhances fraud prevention with GST validation, payment tracking, and bank account matching tools.
- +Provides visual alerts that simplify internal audit and error detection for accountants and advisors.
- +Supports cross-company data comparison for groups managing multiple entities.
- +Cloud-based deployment on Microsoft Azure ensures security, scalability, and remote accessibility.
- −Focused primarily on Xero and MYOB, offering limited compatibility with other accounting systems.
- −May require training for non-accounting users unfamiliar with internal control workflows.
- −Lacks public SLA or uptime guarantee details for enterprise assurance.
Features
Key features
- Alerts
- Provides 19 customizable alerts that identify transaction anomalies and highlight new or unusual records to strengthen internal control monitoring.
- GST Supplier Verification
- Checks supplier invoices with GST to ensure that suppliers are registered for GST in Australia, preventing tax reporting errors.
- Payment Visibility
- Reports on all payments generated from Xero and MYOB, offering insight into who is being paid and flagging duplicate or suspicious payees.
- Attachment Monitoring
- Detects supplier invoices in Xero that lack supporting documentation, ensuring proper audit trail and compliance.
- Employee Data Analysis
- Enables import of employee data from payroll systems to identify relationships between employees, suppliers, and customers for fraud detection.
- Group Menus
- Allows grouping of multiple Xero and MYOB company files for cross-company analysis, identifying duplicate invoice numbers and shared supplier data.
- Quality Scoring and Reporting
- Provides overall accounting quality scores and reports to measure and improve financial process integrity across businesses.
Additional features
- 19 Configurable Alerts
- Offers a variety of alerts to monitor transaction anomalies and new records.
- GST Supplier Registration Check
- Verifies GST-registered suppliers in Australia to maintain tax compliance.
- Payment Reports
- Tracks payments made from Xero and MYOB for greater transparency and fraud prevention.
- Duplicate Account Detection
- Highlights suppliers or employees with similar bank account details to reduce payment fraud risk.
- Missing Invoice Attachment Detection
- Identifies supplier invoices in Xero without attached documentation to support accuracy.
- Employee Data Import
- Allows upload of employee information from external payroll systems for comprehensive fraud analysis.
- Cross-Company Analysis
- Compares data across multiple entities to spot repeated invoices or shared suppliers.
- Payments Integrity Menu
- Monitors payment methods, batch payments, and bank account changes to detect irregularities.
- Advisor Dashboard
- Provides practice-level overviews and client performance summaries for accounting firms.
- Analysis Templates
- Offers ready-to-use templates to streamline financial analysis and reporting.
- Internal Control Checklist
- Supplies a structured list of internal control points to enhance accounting accuracy.
- CFO Playbook
- Provides guidance materials and best practices for finance and accounting teams.
- Trial Videos and Onboarding Resources
- Helps new users quickly learn how to configure and use Watchful Eye efficiently.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Watchful Eye
Watchful Eye is a web filtering software from Watchful Eye Software Inc. that helps organizations manage internet access. It provides pages blocked, pages unavailable, and user activity monitoring so administrators can ensure compliance with internet usage policies. The platform also includes detailed reporting features to track user behavior and website access patterns. Watchful Eye is designed to be easy to deploy and integrate with existing systems, ensuring minimal disruption during setup. Key capabilities: pages blocked pages unavailable user activity monitoring detailed reporting easy integration Best for: organizations that need to regulate internet access for employees or students.
Watchful Eye Details
Watchful Eye's In-App Market Place
Does Watchful Eye have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
Usd ($), Aud (A$), GBP (£), NZD (NZ$)
Pros & Cons
- Seamlessly integrates with both Xero and MYOB platforms for smooth financial data monitoring.
- Enhances fraud prevention with GST validation, payment tracking, and bank account matching tools.
- Provides visual alerts that simplify internal audit and error detection for accountants and advisors.
- Supports cross-company data comparison for groups managing multiple entities.
- Cloud-based deployment on Microsoft Azure ensures security, scalability, and remote accessibility.
- Focused primarily on Xero and MYOB, offering limited compatibility with other accounting systems.
- May require training for non-accounting users unfamiliar with internal control workflows.
- Lacks public SLA or uptime guarantee details for enterprise assurance.
Watchful Eye's Support Options
Email Address
bwilgar@watchfuleyesoftware.comDocumentation
https://www.watchfuleyesoftware.com/resources/Watchful Eye's Alternatives
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