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ease
features
design
support

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Description

For many years, the Asset Based Lending (ABL) sector has voiced several concerns. Clients have been seeking a method to archive the AssetReader data, which would allow them to analyze simple trends, compare Borrowing Bases, and monitor concentration balances over time while enabling more precise confirmations through an optional module. The programmers expressed a desire to implement artificial intelligence (AI) to work with the data, while both developers and owners were eager to create innovative solutions that leverage this technology. With an impressive 33 years of combined experience in ABL, encompassing audit, operations, fraud investigations, and esteemed ABL training programs, the FinSoft team has developed a much-needed AI tool that the ABL industry has long awaited—providing easily accessible alerts regarding exceptions, anomalies, and unusual items. This innovative approach aims to enhance decision-making processes and ultimately improve overall efficiency within the sector.

Description

To safeguard your business's integrity and steer clear of dubious transactions involving high-risk third parties, implementing robust Big Data screening solutions from SAP is essential. By leveraging advanced software, you can enhance your ability to identify and prevent irregularities, thereby reducing the chances of fraud and minimizing financial losses. The SAP Business Integrity Screening application enables swift detection of unusual activities through adaptable rule configurations and predictive analytics, which assist in highlighting possible fraudulent behaviors. Protecting your revenue stream and curtailing losses related to fraud can be achieved by efficiently screening large volumes of transactions to identify anomalies, thereby decreasing the number of false positives. Furthermore, by examining exception-based scenarios alongside behavioral analytics, businesses can prevent future occurrences and develop effective strategies for addressing anomalies and fraud. You can also fine-tune your detection methodologies through calibration and simulation tools, allowing for what-if scenarios based on historical data to evaluate the most successful strategies. This proactive approach not only enhances your fraud detection capabilities but also fosters a culture of vigilance within your organization.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

SAP Joule

Integrations

SAP Joule

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

FinSoft

Website

www.finsoft.net

Vendor Details

Company Name

SAP

Founded

1972

Country

Germany

Website

www.sap.com/products/financial-management/fraud-management.html

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Alternatives

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Fraud.net, Inc.
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