Internal fraud:
a Financial Integrity use case
Preventing internal fraud is a top priority for organizations committed to safeguarding finances, data, and customer privacy. In this use case, explore why detecting and mitigating internal threats is so challenging—and what you can do to stop fraud before it causes damage.
The high cost of insider fraud
Whether intentional or not, insider fraud can wreak havoc on your organization’s Financial Integrity.
Employees and anyone else granted access to financial and other business systems can exploit their privileges to defraud the company, resulting in significant financial losses and operational disruptions.
Why insider fraud is so hard to control
Insiders know your organization better than anyone. They know which controls are weakest, how to bypass protocols, and which actions are least likely to be noticed.
With direct access to critical systems and sensitive financial data, they can execute fraud in ways that are difficult for traditional fraud risk analytics to detect as they:
Eliminate integrity exposure with Datricks
The Datricks Financial Integrity Platform goes beyond fraud risk analytics by bringing autonomous, real-time control over insider fraud. The platform continuously analyzes processes as they unfold, covering all operational data, and providing a real-time view of events.
With AI-driven analysis it detects anomalies, sends alerts with real time insights, and enables teams to take immediate action to stop fraud and prevent financial loss.
The Datricks Financial Integrity platform enables you to detect and control:
Payment terms manipulation
Payment with no PO
Duplicate invoices & payments
Customer credit manipulations
Invoice to PO misalignment
Unauthorized invoice approvals
PO & invoice splitting
SoD violations
The Datricks advantage
The Datricks Financial Integrity Platform enables teams to gain real-time control over finance operations so they can prevent the impact of insider fraud in real time, and enhance controls to avoid the damage of future misconduct.
Pinpoint issues that matter
Focus auditor efforts on what matters most
Recover lost funds
Build more trust
Industries we serve
The Datricks Financial Integrity Platform is designed to help organizations across a diverse range of industries to gain autonomous, real-time control over financial operations, eliminate exposures, and ensure Financial Integrity.
Manufacturing
Consumer Services
Technology, Information and Media
Oil, Gas, and Mining
Retail
Wholesale
Supply Chain and Storage
Farming, Ranching, Forestry
Construction
Utilities
Be part of
the conversation
Brian Wueste
Head of Audit Internal
Datricks helped iRobot by showing process variances between regions in our global business, allowing us to prioritise efficiency opportunities and controls over business variations that were suddenly visible.
Heiko Laessig
EVP Risk, Internal Control and Process Management
We have already witnessed that this solution will help us identify and mitigate risks, improve our processes, and ultimately achieve our business goals efficiently.
Rami Bareket
Director, Head of Global IT Audit
Datricks mapped controls that were never conducted in the past, enabling us to find meaningful issues with substantial impact on the business
