TECHNOLOGY UPDATE

Today’s Technology Update is brought to you by Ltd Tramada Systems Pty. Ltd.

The value of an audit trail

Having a detailed audit trail is a business requirement that doesn’t attract much attention until disaster strikes and you urgently need protection from liability. Here are several reasons why an audit trail is absolutely crucial to your business:

Fraud prevention.

An audit trail can help monitor for security breaches and identify, and prove, fraudulent activity. This is particularly critical because travel transactions involve handing multiple payments and suppliers, making fraud a real risk.

Disaster recovery.

Imagine a whole day’s transactions lost due to unforeseeable circumstances! Relax– with a good audit trail those transactions can be reconstructed and disaster averted.

Finding lost transactions or errors.

Should an error occur in transaction processing, an audit trail allows you to review the transaction step-by-step until the error is found.

Demonstrate compliance.

Meeting record-keeping obligations and ensuring proper protocols are followed is increasingly important when doing the right thing isn’t always enough, and you may need to prove it.

Employee development.

Use auditing capabilities to understand how your team is doing, and identify any training needs.

tramada makes auditing easy with its end-to-end process flows that ensure transaction information is secure, accurate and tracked every step of the way - including what people are doing in your business, and when. tramada’s large report portfolio brings that information to life when you need it most. To be safe, not sorry, contact