Supervizor Company Profile

Background

Overview

Supervizor is a leading provider of continuous quality assurance software for finance teams, specializing in anomaly detection and fraud prevention. Founded in France in 2016, the company expanded its operations to the United States by opening a New York office in April 2022. Supervizor's mission is to help organizations safeguard their financial health by proactively identifying and mitigating risks, ensuring financial data accuracy and compliance. The company offers a plug-and-play platform that enables finance, accounting, and compliance teams to continuously monitor transactions, detect anomalies, and prevent fraudulent activities, thereby building error-proof financial statements.

Mission and Vision

Supervizor's mission is to create a world where financial information is universally trusted. The company's vision is to empower businesses to proactively identify and mitigate risks, ensuring financial data accuracy and compliance. By leveraging advanced AI and machine learning technologies, Supervizor aims to transform the audit profession and enhance financial integrity across organizations.

Primary Area of Focus and Industry Significance

Supervizor focuses on providing continuous quality assurance solutions for finance teams, emphasizing anomaly detection and fraud prevention. The company's platform integrates with all major Enterprise Resource Planning (ERP) systems, offering a comprehensive solution for financial risk discovery and monitoring. Supervizor's services are significant in the financial technology industry, as they address the growing need for automated and efficient financial auditing processes, enabling organizations to maintain high standards of financial integrity and compliance.

Key Strategic Focus

Core Objectives

• Continuous Monitoring: Implement real-time monitoring of financial transactions to detect anomalies and potential fraud.

• Anomaly Detection: Utilize advanced AI and machine learning algorithms to identify irregularities in financial data.

• Fraud Prevention: Develop and deploy controls to prevent fraudulent activities within financial operations.

• Global Expansion: Extend market presence, particularly in North America, to serve a broader client base.

Specific Areas of Specialization

• Financial Risk Discovery: Provide tools for uncovering risks across all financial data sources, geographies, and entities.

• Accounting Accuracy: Enhance the precision of financial information by analyzing 100% of transactions for errors and fraud.

• Visibility and Control: Offer comprehensive insights into financial data quality, enabling continuous improvement.

Key Technologies Utilized

• AI and Machine Learning: Employ sophisticated algorithms to analyze financial data and detect anomalies.

• ERP Integration: Seamlessly integrate with major ERP systems to consolidate and standardize financial data.

• Automated Controls: Implement over 350 out-of-the-box controls to monitor various financial processes.

Primary Markets or Conditions Targeted

• Large Enterprises: Serve global organizations seeking to enhance financial integrity and compliance.

• Multinational Corporations: Address the complexities of financial operations across multiple subsidiaries and geographies.

• Industries with High Compliance Requirements: Focus on sectors such as manufacturing, retail, and services that require stringent financial controls.

Financials and Funding

Funding History

• April 2018: Raised €3 million in initial funding led by Odyssée Venture to expand operations in France and Europe.

• May 2024: Secured $22 million in a funding round led by Orange Ventures, with participation from Wille Finance, La Maison Partners, New Alpha Asset Management, Adelie Capital, and ISAI. The funds are intended to drive continued innovation of its audit analytics platform and expand go-to-market operations worldwide.

Total Funds Raised

Approximately $25 million.

Notable Investors

• Orange Ventures: Led the $22 million funding round in May 2024.

• Wille Finance: Participated in the May 2024 funding round.

• La Maison Partners: Participated in the May 2024 funding round.

• New Alpha Asset Management: Participated in the May 2024 funding round.

• Adelie Capital: Participated in the May 2024 funding round.

• ISAI: Participated in the May 2024 funding round.

Intended Utilization of Capital

• Technology Innovation: Enhance the capabilities of the audit analytics platform.

• International Expansion: Strengthen market presence, particularly in North America.

• Operational Growth: Expand go-to-market operations to serve a broader client base.

Pipeline Development

Key Pipeline Candidates

Supervizor's platform is continuously evolving, with a focus on enhancing anomaly detection capabilities and expanding integration with various ERP systems. The company is also developing features to support compliance with global financial regulations and standards.

Stages of Development

• Product Enhancement: Ongoing improvements to AI algorithms and control mechanisms.

• Market Expansion: Establishing a stronger presence in North American markets.

Target Conditions

• Financial Anomalies: Identifying irregularities in financial transactions.

• Fraudulent Activities: Preventing and detecting fraud within financial operations.

• Compliance Risks: Ensuring adherence to financial regulations and standards.

Relevant Timelines for Anticipated Milestones

• Short-Term: Enhance platform features and expand client base in North America.

• Medium-Term: Achieve significant market penetration in the U.S. and other key markets.

• Long-Term: Establish Supervizor as a leading provider of financial risk discovery and monitoring solutions globally.

Technological Platform and Innovation

Proprietary Technologies

• AI-Based Algorithms: Developed to analyze financial data and detect anomalies.

• Unified Accounting Model: Consolidates ERP transactions and other data sources into a single model for comprehensive analysis.

Significant Scientific Methods

• Continuous Monitoring: Real-time analysis of financial transactions to identify risks promptly.

• Automated Controls: Over 350 pre-set controls applied directly to financial data to detect errors and fraud.

Leadership Team

Key Executives

• Alban Clot: Co-founder and CEO. Alban has extensive experience in finance and technology, leading Supervizor's strategic direction and growth initiatives.

• Arnaud Merlet: Co-CEO. Arnaud brings a wealth of expertise in business development and operations, focusing on expanding Supervizor's market presence.

• François Fanuel: Chief Product & Technology Officer. François oversees product development and technological innovation, ensuring the platform meets client needs.

• Marine Léonelli: Chief Financial Officer. Marine manages financial operations and strategic financial planning for the company.

• Alexandre Revol: Regional Director, Europe. Alexandre leads Supervizor's operations and growth strategies in the European market.

• Célia Viguier: Regional Director, North America. Célia is responsible for driving Supervizor's expansion and client engagement in North America.

• Wynn White: Chief Marketing Officer. Wynn leads marketing initiatives to enhance brand visibility and market penetration.

Competitor Profile

Market Insights and Dynamics

The financial risk management and audit analytics market is experiencing significant growth, driven by the increasing complexity of financial operations and the need for enhanced compliance and fraud prevention measures. Organizations are seeking automated solutions to improve efficiency, accuracy, and transparency in financial processes.

Competitor Analysis

• DataSnipper: Offers audit automation tools that integrate with Excel to streamline the audit process.

• AppZen: Provides AI-driven audit and compliance solutions for finance teams.

• AuditBoard: Delivers cloud-based audit management software to enhance internal controls and compliance.

Strategic Collaborations and Partnerships

Supervizor has established partnerships with various ERP providers, including SAP and Sage, to integrate its platform seamlessly into existing financial systems. These collaborations enhance the platform's accessibility and functionality for a diverse range of clients.

Operational Insights

Supervizor differentiates itself through its comprehensive approach to financial risk discovery and monitoring, offering over 350 pre-set controls and continuous monitoring capabilities. The platform's ability to integrate with all major ERPs and its focus on real-time anomaly detection provide a competitive edge in the market.