SAP SE has introduced SAP Business Integrity Screening, an application that helps reduce financial risk within business transactions. It analyzes data for suspicious transactions and patterns in real time to spot exceptions, potential fraud, and compliance failures.
The flexible platform, powered by SAP HANA, allows organizations to address compliance assurance across a broad range of scenarios by detecting anomalous transactions early, before financial losses occur, and predicting or preventing future occurrences. The application also screens business entities and individuals against blacklisted or high-risk parties to reduce the risk of conducting business with such parties. All these features reduce the cost associated with investigations and compliance breaches.
With the rise of the digital economy, businesses are susceptible to new points of entry for potential fraud and other risks each day. Current detection measures leave investigators with too many false positives and more work than existing processes can support. Risk and compliance teams need to screen external partners to identify exposure to commercial and reputation risks as well as compliance issues. To efficiently protect the integrity of business processes, organizations must also improve the accuracy of exception detection in all transactions.
SAP Business Integrity Screening is an end-to-end solution combining analytical capabilities with a holistic process that detects potential exceptions early to minimize financial losses. The flexible platform enables organizations to define rules that address a wide variety of scenarios, such as insurance fraud, tax audits, anti-bribery, utility theft, partner screening, internal audit automation, travel and entertainment expenses, invoice payments, and public-sector disbursements.
It can integrate with other software, including SAP Predictive Analytics and the SAP ERP, SAP Process Control, and SAP Audit Management applications, to help conduct end-to-end case investigations, support alert notification and issue management, and strengthen overall compliance initiatives.