From reactive fraud detection to continuous fraud monitoring
Identify unusual transactions, suspicious behavior, and actual Segregation of Duties conflicts before they become incidents. Sofy Fraud Analytics continuously analyzes ERP transaction and user activity data, helping organizations strengthen fraud prevention, improve control effectiveness, and focus investigations where risk is highest.
Featured Client Story
How AkzoNobel Strengthened Compliance with Continuous Control Monitoring
The challenge
Fraud risks often remain hidden in large transaction volumes
Organizations generate millions of transactions every year across procurement, finance, and operational processes. Traditional fraud detection approaches often rely on manual reviews and sample-based testing, making it difficult to identify suspicious activities and emerging risks in a timely manner.
THE SOLUTION
Continuous fraud monitoring powered by analytics
Sofy GRC continuously analyzes transaction and user activity data to identify suspicious behavior, anomalies, and actual Segregation of Duties conflicts. By combining pre-built fraud analytics with automated workflows, organizations can detect risks earlier and streamline fraud investigations
1. Deploy fraud-focused analytics
Leverage a library of pre-built fraud analytics designed to identify duplicate payments, unusual journal entries, anomalies, and actual Segregation of Duties violations based on user activities.
2. Align analytics to your fraud risks
Adapt risk indicators, thresholds, and monitoring logic to your organization’s specific fraud risks, business processes, and control requirements.
3. Monitor full populations continuously
Execute analytics across complete transaction and user activity datasets, providing coverage far beyond traditional sample-based reviews.
4. Prioritize high-risk exceptions
Identify suspicious activities and automatically prioritize transactions and user behavior requiring further investigation
5. Manage investigations and follow-up
Route exceptions through structured workflows, enabling assignment, investigation, documentation, and remediation of identified fraud risks.
THE BENEFITS
Detect fraud earlier. Investigate smarter. Monitor continuously.
Detect fraud risks earlier
Identify suspicious transactions and user behavior before they result in financial or compliance impacts
Monitor every transaction
Analyze full datasets instead of relying on sample-based testing approaches
Reduce investigation effort
Automate fraud detection and focus investigators on the exceptions that matter most
Strengthen audit readiness
Maintain complete traceability from detection through investigation and resolution
Why Sofy GRC