Shipping Client Innovating for Payment Efficiency

In 2018, this company recognised the need for a more robust solution in their accounts payable functions, after weaknesses were exposed from an elaborate internal fraud. Perpetrated by an employee that took place over some time involving hundreds of thousands of dollars, this Port adopted VigilantPay with great success.

This strategic move aimed to ensure that payments were not only efficient but also safeguarded against day-to-day transactional errors and any future fraudulent actors.

By embracing VigilantPay, this client demonstrated a commitment to technological innovation that can be tailored to their complex operations. This not only streamlined their payment processes but also fortified their internal control mechanisms, reflecting a proactive stance in safeguarding financial integrity.

Their Head of Finance underscores the significance of such innovations in enhancing the port’s financial resilience, efficiency, and importantly their brand. “We need to be innovative about what technologies we leverage to get the best efficiencies.