Overview
Over 30% of SMEs are affected by financial fraud every year, but many businesses don't have the resource or capacity to perform even the most basic financial governance.
Meysey provides automated governance across your financial eco-system, to reduce fraud and improve your business risk resilience.
Meysey is designed specifically for small to medium sized companies that don't have a multi-person finance team. Our platform performs the types of checks and validation that a large scale finance team would undertake, including:
- Background checks on suppliers and customers
- Validation of invoices and payment requests
- Auditing of payroll and employee details
- Expense validation
- Financial trend analysis
Whilst no one likes to think that employees, suppliers, or customers are capable of defrauding us, the sad truth is that almost all businesses fall victim to fraud at some point. Don't leave it to chance.
Meysey + Xero
To connect your Xero account to Meysey, simply login to the Meysey app using your Xero login details, and the analysis will automatically start.
Our software will review historic data to ascertain a benchmark of activity, and will scan through entities (e.g. customers, suppliers, employees, partners) to identify areas of risk such as disqualified Directors or duplicated bank details.
We undertake hundreds of checks across your financial eco-system, including:
- Supplier and customer fraud risk ratings - automated checks on your supply-chain to highlight fraud risk, including company structure analysis, Director checks, financial resilience, and historic trading information.
- Invoice scanning - automated analysis of all inbound and outbound invoices to identify potential fraud including faked branding, incorrect payment details, unusual payment value, duplicated invoices
- Payment patterns - trend analysis to benchmark transaction patterns to highlight anomalies, including unusual payment times, payment frequency changes, and duplicated payments
- Payroll analysis - identification of ghost employees, duplicated bank details, fake expenses, and falsified timesheets
- Insider trading - identification of conflicts of interest whereby employees are shareholders or closely linked to companies within your supply chain or customer base
These are just a sample of the comprehensive financial governance you can achieve with Meysey.
Getting started
Initial connection of Meysey to your Xero organisation takes only a couple of clicks and less than a minute.
Once connected, Meysey will automatically pull information to perform analysis such as your contact list (suppliers and customers), invoices, payroll details, and financial activity. This enables us to benchmark your historic activity and to alert you when something doesn't look right.
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