Supervizor

Supervizor is a plug-and-play control automation software designed to analyze accounting and transactional data. It is claimed to be suitable for companies of all sizes, from small businesses to large enterprises. According to the vendor, professionals in various industries, including CFOs, accounting professionals, internal control teams, internal audit teams, finance and accounting departments, compliance and legal departments, tax departments, general management, as well as resellers and partners, can benefit from Supervizor. The software aims to automate data standardization, enhance controls, detect anomalies and frauds, ensure compliance, and improve workforce efficiency.

Key Features

Automated Data Standardization: According to the vendor, Supervizor's learning engine automatically analyzes and understands a company's accounting practices, allowing for automated data standardization. It claims to have the capability to import various types of data, including GL entries, AP, AR, and master data. The vendor states that Supervizor can analyze and standardize accounting practices for over 130 million accounting entries from more than 60,000 companies.

Pre-configured Controls: Supervizor offers over 300 pre-configured controls that are ready to use, according to the vendor. Users can select the controls they need based on their objectives. The platform claims to continuously enrich its control library with new controls every quarter, incorporating best practices and addressing new market regulations. Users also have the flexibility to build additional controls using the Analytics module, as stated by the vendor.

Complete Population Testing: Supervizor claims to enable users to test the entire population of data, rather than relying on sampling methods. This is said to allow for a comprehensive analysis of the data, reducing the risk of missing anomalies and frauds. Users are claimed to be able to spot the main risk areas and allocate resources accordingly for auditing purposes. The vendor states that the software generates an automatically generated audit report, providing a clear overview of the findings.

Anomaly Visualization and Investigation: According to the vendor, Supervizor provides a dynamic report that visualizes the results and highlights anomalies and their linked evidence. Users are claimed to be able to easily browse and investigate anomalies, gaining insights into potential errors and frauds. The platform is said to offer one-click access to anomaly details, facilitating efficient investigation and resolution. Users can also add comments to the report and manage the resolution of anomalies centrally, as per the vendor's claims.

Integration with ERP Systems: Supervizor claims to offer connectors with most ERP systems on the market, including SAP, Oracle, Microsoft, Cegid, Sage, and even custom-developed accounting software. According to the vendor, this integration allows for seamless data extraction and analysis from the existing accounting systems. Users are claimed to be able to leverage their existing tools and data sources without the need for manual data entry or migration.

Continuous Monitoring and Compliance: According to the vendor, Supervizor enables CFOs to implement continuous monitoring of transactions in all subsidiaries, ensuring accurate reporting and compliance. The software is said to help identify atypical accounting patterns and ensure accounting practices are compliant and consistent with end-of-year tax returns. It is claimed to assist in structuring the SOX compliance framework by automating all financial controls. Supervizor is also claimed to help companies ensure compliance with SOX 404, FCPA, and antifraud regulations for both national and international entities.

Increased Workforce Efficiency: According to the vendor, Supervizor automates time-consuming manual tasks, allowing finance and accounting teams to focus on analyzing errors rather than detecting them. The software is claimed to improve workforce efficiency by reducing the need for manual testing and freeing up resources for more value-added activities. The vendor states that it saves companies headcount and administrative hours, resulting in significant time and cost savings.