Completed Type II Audit
We use a Tier 4 compliant data centre which means Alloc8 cash allocation software can be provided as a full SaaS solution. High availability to the system at all hours enables you to have one global solution for all your cash processing requirements.
Users are only able to see the data they have access to and the system is fully protected against unauthorised access.
We are SOX compliant which means we have robust controls in place for data protection and IT security. This ensures all transactional processes have been undertaken correctly and that processes can be backed up by a full step by step audit trail.
An easy view dashboard lets you know where your cash is at every minute of the process, meaning end users have excellent visibility into the progress of activities in the financial close and other accounting processes.
Every receipt is tracked which means changes in payment behaviour are very simple to pick up and can be easily traced back to the payee.
The history of every cash receipt across the business, whatever the receipt type is maintained in Alloc8 for whatever the audit period required (normally 7 years). With a one click retrieval you can quickly view the history of any receipt, how is was allocated, who allocated it and any associated supported documentation (cheque images and remittance images)