Predictive compliance monitoring solution. Presented by The Red Flag Group

Transcription

1 Predictive compliance monitoring solution Presented by The Red Flag Group

2 We understand your compliance challenges

3 Greater responsibility of compliance officers Regulative enforcements are increasingly holding companies responsible More legislative changes are pushing obligations onto companies to self-manage rather than relying on governments to enforce and prosecute.

4 Compliance tends to be reactive, not proactive Any reactive compliance actions can t be taken quickly and are not effective enough Scandals due to non-compliance cause not only years worth of investigation costs by external parties, but also significant reputational damage from immediate media attention. The market needs to prevent issues, not just manage them and investigate and remediate.

5 Companies don t have a unified data platform to manage compliance Compliance teams need to get access to data across their organisations and use that data to their value to predict and manage risks Big data is a new solution in the compliance space only when compliance officers can access all types of data in one unified platform can they analyse and monitor that data in real time.

6 How to get compliance to be predictive A data analytics platform for compliance can detect and predict possible compliance breaches in your business. The analytical algorithm should be built on your specific compliance challenges and business insights.

7 IntegraAnalytics Compliance Transaction Monitoring will allow you to protect your business from possible non-compliant cases by monitoring transactions in real time

8 How does alert you to red flags in transactions?

9 Risk Map Landscape Comprehensive Risk Map dashboard displays multiple risk areas against your risk-management strategies, allowing you to identify and manage all risks at once.

10 In-country transaction overview Country Overview lets you immediately identify where a suspicious transaction has come from (by country, city and individual) and analyse which risk-scoring criteria match the detected suspicious transaction.

11 Risk Exposure Trend The Risk Exposure Trend monitors the aggregate transaction value against the specific risks that your business is exposed to.

12 Reseller Risk Exposure Reseller Risk Exposure Map visualises where all the suspicious domestic transactions are located (at a city or country level), allowing you to easily capture the greater risks and prioritise the investigation actions where more events are happening.

13 HOW DOES effectively identify suspicious transactions?

14 gifts, travel and entertainment approval systems human resources inventory systems Your system data customer details sales records accounts receivable and payable channel partners ERP systems CRM systems procurement sanction lists suppliers deal management distributors bids and tenders purchasing Multiple data sources are connected simultaneously The Red Flag Group will work with you to determine which data should be included, what data can be used and how the data can be fed into the system. warranty records vendors export controls

15 export control supply chain corruption product warranty and support abuse sales channel corruption procurement corruption gifts, travel and entertainment fraud channel stuffing Risk-scoring algorithms based on scenarios that have been customised specifically for your business We develop specific scenarios based on the most common compliance issues you face in order to analyse every aspect of each transaction simultaneously and identify complex combinations of high-risk activity.

16 Machine learning for predictive compliance transaction monitoring The IntegraAnalytics machine is designed to learn over time, the machine learns to predict issues better by using the constant feedback from the users regarding identified red-flag transactions.

17 in Which areas can IntegraAnalytics detect red flags? Sales channel corruption Supply chain corruption Channel stuffing Price fixing Export control Bid rigging And more

18 Our process Risks identification and assessment Data discovery and analysis Prototype for scenarios based on risk-scoring algorithm Periodic update and enhancement Reviews and adjustments Implementation and roll-out

19 Drive more efficiency into compliance and the business with IntegraAnalytics Get predictive Get proactive Do more with less Be on demand Monitor Measure and report

20 contact us for a live demo at info@integraanalytics.com

21 let us help you manage your integrity and compliance risks We focus on managing integrity and compliance risks in your four major risk areas: customers, sales, suppliers and human capital. The Red Flag Group is a global integrity and compliance risk-management firm. We apply our unique set of advice, technology and business intelligence applications to manage the integrity and compliance risks of our customers. We have a proven methodology that we use to help companies manage these risks. For more information visit The Red Flag Group. All rights reserved.