Risk & Compliance
Financial Controls
Control over the money itself.
Financial controls are the slice of internal controls that governs money moving. Who can start a payment. Who signs it off. Who has the bank logins. What needs two people above which amount. And who is allowed to change a vendor’s bank details.
This is where one gap turns straight into a loss, so it gets its own treatment. Authority matrices, positive pay at the bank, dual authorisation, verification on vendor changes, and access reviews that happen on a real schedule.
What you get
A clear authority matrix
Written limits on who can commit and release money, and at what level.
Two pairs of hands
Dual release above thresholds you’ve set to match your own risk appetite.
Bank details verified
A phone call to confirm vendor changes. It closes the most common wire fraud there is.
Access reviewed
Banking and system access checked on schedule, and again whenever someone changes role.
Financial Controls
Let's talk about financial controls.
Controls on cash, payments, banking access and spending authority. It’s a narrow area, but it’s the one where a single failure costs you the most.