SAP Introduces Business Integrity Screening Solution to Decrease Financial Transaction Risks

SAP SE has introduced SAP Business Integrity Screening, an application that helps reduce financial risk within business transactions. It analyzes data for suspicious transactions and patterns in real time to spot exceptions, potential fraud and compliance failures. This automation results in major efficiency gains and cost savings.

The flexible platform, powered by SAP HANA, allows organizations to address compliance assurance across a broad range of scenarios by detecting anomalous transactions early, before financial losses occur, and predicting or preventing future occurrences. The application also screens business entities and individuals against blacklisted or high-risk parties to reduce the risk of conducting business with such parties. All these features reduce the cost associated with investigations and compliance breaches. 

With the rise of the digital economy, businesses are susceptible to new points of entry for potential fraud and other risks each day. Current detection measures leave investigators with too many false positives and more work than existing processes can support. Risk and…

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