Cybercrime is a real threat to Australian organisations.
Founded in 2015, Eftsure is an app that is designed to help companies and NFPs avoid payment error, fraud, cybercrime and financial loss.
Banks don’t match payee names to account numbers, and this can lead to errors, fraud or payments going to the incorrect accounts.
Eftsure takes away risk by allowing suppliers to:
- Log on to a secure portal to input their details
- Eftsure will then verify all required supplier details by matching the payee names to account numbers
- Each time a vendor submits or re-submits their bank details Eftsure automatically verifies that information against its network of suppliers to detect fraud.
Here is what the Eftsure dashboard looks like:
Our favourite thing about Eftsure
Eftsure reduces risks with new suppliers and enables organisations to monitor the supplier’s compliance in real time.
To find out how Next Dimension Accounting can assist your business with any accounting needs, contact us today.