All organisations undertake a financial transformation of their core payment systems at some point. The learnings from going through a new ERP or Payroll implementation is that it's a big project that requires significant considerations and expertise that can navigate the process as smoothly as possible.
A key consideration should be the quality of existing data, how to migrate it to the new system(s) and how to maintain and cleanse the data during the transformation period that can take the best part of 12 months or more for larger organisations.
These organisations need to spend substantial amounts of time and pull their staff away from their main roles in order to validate data such as the Master Suppliers information they have on hand. It takes time, it’s a manual process and not all incorrect information is corrected.
This is where VigilantPay can provide an invaluable service to ensure data integrity before, during and long after the migration has taken place.
With VigilantPay you can automate this process, and import a file with all your suppliers that you want to bring across into our cloud platform. It can find the errors, offer the correct information and do this very quickly. Because we have the largest database of verified business supplier bank details in New Zealand we can analyse this faster than people can. Our platform is also integrated into the NZ companies office.
What you need to know:
- No IT implementation is required
- Staff can be trained and using VigilantPay with hours
- It works with all ERP and Payroll systems
- Real-time checking, analysing and protection (its fast)
- Built-in audit & risk reporting (great for board members)
- No contract terms. Just pay month to month
We find in many cases where ViglantPay has been implemented after an ERP migration that we find a lot of errors that could have been avoided if picked up earlier.