The last couple of years have seen an exponential growth in the amount of data stored by organisations. IT departments routinely describe data storage in terms of terabytes and include data from a variety of systems including, but not limited to, financial, access control, HR, and other business systems. As such, hundreds of thousands, even millions of transactions can be recorded in one system alone.

In utilising this data, it is essential that every business transaction recorded in your organisation can be immediately reviewed and analysed for potential exposures as and when they happen. Traditionally, an audit would consist primarily of a qualitative review of controls with the occasional random sampling of transactions. Its aim is not to discover fraud, but to ensure that existing controls are complied with.

In conducting a representative sample on large volumes of data, it becomes easy to miss the small population of transactions that indicate non-compliance with corporate policy, or an exposure that poses a financial and reputation risk to your organisation.

Therefore, it becomes ever more important in being able to automatically inspect 100% of all your transactions, in real-time or close to real-time as possible, on an ongoing basis to detect and investigate occupational fraud, misuse and abuse that may be occurring in your business.

Working with our corporate clients, we offer a Continuous Fraud and Risk Monitoring (CFRM™) Implementation solution package aimed at providing a number of services that allows our clients to implement a fully tailored automated detection platform. Our CFRM™ Implementation package focuses on delivering the right technology and expertise cost-effectively, custom designed to meet your specific requirements, which will allow you too automatically:

• extract the relevant data from appropriate system(s);
• analyse for known fraud and risk profiles;
• alert the right people upon exception detection;
• review and manage identified exceptions;
• apply enhanced intelligence to identified exceptions; and
• maintain a full audit log.

We work with clients in empowering them with the latest fraud and risk data mining technological innovations and investigative experience to help reduce operating costs of auditing and compliance work, by giving them the tools they need to achieve higher levels of efficiency.