By Freya Purnell
Certified SAP partner Plaut Australia has officially launched its CashTracker solution, developed locally with Wollongong-based search software specialists, Selera.
Enabling clients to track and prevent duplicate invoicing within their ERP systems such as SAP, the solution is designed to address common risks faced by both business and government organisations in ensuring data compliance without traditional audit checks.
According to Plaut, some of its key clients are already trialling the product with significant success. One of these is a large ASX-listed industrial client, which has identified 1.3 per cent of total spend analysed as duplicates and not picked up by internal controls – the equivalent to $2 million in invoices. It is now looking to roll out CashTracker across other parts of its business.
Plaut said the solution is suitable for any organisation with a large ERP implementation, and reported it is also working with a number of Federal Government departments to trial the software.
Plaut CEO Mark Alder said the launch of CashTracker demonstrated the innovative capabilities in the Australian IT sector.
“Plaut cares about our local IT industry and too often, we see companies simply import solutions that do not meet the needs of Australian business. We are very proud to be taking a locally developed solution, tailored to the needs of our customers, to the world market,” Alder said.