All business anomalies resolved.
Our focus
Fraud.
Corporate anomalies usually take the form of outright Fraud, Revenue Leakages, Non-compliances, and Over-spends. Such anomalies can not only be detected, but much of it can be prevented through proactive monitoring of fraudulent transaction patterns. In the U.S., fraud losses totaled $10.24 billion in 2020, up from $9.62 billion in 2019, per the Nilson report. Globally, gross card fraud losses amounted to 6.8 cents per $100 in purchase volume, which was actually the same figure observed in 2019.
Compliance.
The pharmaceutical industry is subject to acute regulatory compliance. We currently remediate the Gross-to-Net adjustment of drug pricing. Corporate Finances are subject to SoX and other regulations. The construction industry is similarly strictly regulated for workplace safety and other concerns. A KPMG survey of 642 senior risk management executives in the Americas revealed that 73% expect compliance risk to rise. 62% expected their regulatory fines to rise from 0.1% to 2.5%. They also said that compliance was not a "reputational issue".
Audit.
The Audit function is challenging and pain-staking. Systems audit has a different set of demands. Despite SAP being a stable platform, it is a prime target for all kinds of misuse because SAP instances host some of the world’s most valuable financial data. Therefore, regular SAP audit is an indispensable risk management discipline. Many audits continue to contain deficiencies, said the U.S. audit watchdog, which inspected 153 audit firms. The Public Company Accounting Oversight Board also reviewed portions of 617 audits conducted by these firms with fiscal years ending in 2019 or the first half of 2020 and found that some auditors failed to evaluate correctly.
Your data never leave your premises.
We set up our tools on YOUR servers, in YOUR Cloud or digital premises. Your data never leaves your property. Nobody but you will ever have access to them, We fully comply with GDPR and other data privacy standards. We access your data through an encrypted tunnel and our team members usually work on your virtual desktops that are -- again -- on your servers.