Supervizor, a plug-and-play Quality Assurance platform that enhances financial statements with advanced audit analytics and is trusted by global finance teams for superior Quality Assurance, has secured $22 million in a funding round led by Orange Ventures.
Wille Finance, La Maison Partners, New Alpha Asset Management, Adelie Capital, and ISAI also participated. This new funding will drive innovation in Supervizor’s audit analytics platform and expand its go-to-market operations globally.
Founded by finance and audit experts, Supervizor enables teams to build error-proof financial statements, ensuring the highest quality standards. The platform analyzes financial transactions against over 350 controls, providing comprehensive oversight.
It integrates with all major ERPs, making it a versatile tool for global finance teams. Michelin, IKEA, and Lacoste trust Supervizor for their financial Quality Assurance needs.
“Improving an organization’s financial quality assurance has been a sought-after corporate goal, but it is difficult to realize,” said Alban Clot, founder and co-CEO of Supervizor.
“The market to achieve such, however, is massive and surprisingly underserved. Supervizor’s rapidly growing customers are discovering firsthand the value of better Quality Assurance, including increased financial control, reduced costs and better compliance,” said Alban Clot.
Advanced Monitoring and Fraud Prevention
Since 2016, Supervizor has safeguarded organizations against financial and compliance risks. The platform allows finance, accounting, and compliance teams to monitor transactions continuously, detect anomalies, and prevent fraud. Supervizor’s AI-based algorithms leverage millions of accounting patterns, combining ERP transactions and other data sources into a universal accounting model.
Today, over 70 global enterprises, including Cirrus Logic, Club Med, and Diebold Nixdorf, rely on Supervizor. The platform is available on the SAP Store and distributed by Sage. Recently, the AICPA recognized Supervizor by including it in its selective 2024 Startup Accelerator cohort.
“We are pleased to partner with Supervizor as they carry on their journey to modernize financial risk management. Their innovative solution and rapidly increasing customer adoption make them the leaders in their field. The Supervizor team is already driving meaningful impact for modern finance teams,” said Clement Combal at Orange Ventures.
Innovation and Expansion
With the new funding, Supervizor aims to continue innovating its award-winning platform and expand its reach worldwide. The company’s solutions help finance teams build error-proof financial statements, ensuring the highest standards of economic quality.
Arnaud Merlet, co-CEO of Supervizor, expressed enthusiasm about the company’s growth prospects, stating, “We are eager to further grow our global customer base, particularly in North America, and forge new partnerships amongst the finance, accounting and technology industries. We aim to create a world where financial information is universally trusted.”
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