Stringent fraud prevention and revenue protection
Missed discounts, erroneous payments or purchase order errors can become sources of frustration for management in their efforts to gain visibility into their business processes and achieve full revenue recognition. Operations and internal audit want to foster an environment that strikes the delicate balance between stringent fraud prevention and an optimal customer experience to maximize revenues amidst ever changing market conditions.
CaseWare™ Analytics provides the ability to independently monitor processes across multiple departments such as loss prevention, procurement, finance, operations and audit, to identify control breaches, fraud and money leakage before they become detrimental to the retail environment.
CaseWare Analytics Capabilities
- Enterprise-Wide Oversight
Independent point of observation enables all aspects of the business process to be monitored holistically and removes blind spots associated with monitoring only a single application. Ensure proper segregation of duties and compliance with external and company regulations.
- Loss Prevention via Immediate Detection
Immediately detect errors in inventory, purchasing and billing processes. Potential breakdown in internal controls are flagged as they occur ensuring that they are addressed in a timely manner. All processes can be monitored regardless of the underlying systems, data sources, platforms or locations.
- Collaborative Framework
Whether you’re in Loss Prevention, Operations, Management or Audit, the continuous monitoring system should be accessible by all users in the organization. Since an effective monitoring solution can touch multiple business processes and applications, it is important that stakeholders can access and monitor the results regardless of their location, technical ability or business role.