The rate at which companies are becoming subject to fraud is on the rise.
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PwC’s 2020 Global Economic Crime and Fraud Survey states that for the Enterprises, fighting fraud is becoming a core business issue. That’s because the scale and impact of fraud has grown immensely in today’s digitally enabled world. Indeed, it can almost be seen as a big business in its own right – one that is tech-enabled, innovative, opportunistic and pervasive. Think of it as the biggest competitor you didn’t know you had.
Enterprises store enormous amounts of data in multiple SAP® systems such as ERP, HR, S/4 HANA. Every day, thousands of business transactions are processed and imprinted in these systems, making them the most important asset to protect.
Skywind 4C™ enables digitization of fraud management, protecting our clients 365 days a year around a clock. Our software is agnostic to SAP® versions and database types meaning that if you start your journey with us on either “Legacy” SAP® system (e.g. R/3 or ECC etc.) and you are decided to move to S/4, we will continue to provide you with our services without any interruption or re-deployment.
Skywind 4C™ unique technology serves On Premise, Cloud and Hybrid client’s SAP installations.
Below we present a number of cases that Skywind 4C™ platform helps to catch and prevent.
Financial Statement Fraud
4C™ Financial Statement Fraud alert pack examples:
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Differences in booked vs. counted inventory
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Excessive credit memos for each payer
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Inactive Vendor having an open balance
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Self approved PO's and PR's
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Detection of bad debts
Asset Misappropriation/Corruption
4C™ Asset Misappropriation/Corruption alert pack examples:
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Credit block cancellation and credit limit change
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PR and corresponding to it PO prices are different
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Short-term bank credentials change in vendor master
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Change of purchase order price (master, document)
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Change of payment terms in vendor / customer master
A bit of technology and UI/UX – Skywind 4C™
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