Digital Fraud Review Panel - Prevent collusion & minimize payment threshold loopholes. The Digital Twins of fraud experts work within Sage Procurement & Payments Systems to detect and prevent fraud and collusion in real time. Merlynn Digital Twins are trained by their human counterparts to mimic key risk based decisions. It is widely accepted that a future workforce must include deeper collaboration between humans and AI. Your Digital Twin removes the limitation around access to your time and attention in processes where your input or decision is needed.

Key Benefits:

Digital Fraud Review Panel - Prevent collusion & minimize payment threshold loopholes 

• Stop illicit payments
• Prevent collusion
• Support organizational compliance

 

Challenges with existing control protocol

Collusion: Payment Authorization processes require approval  - generally from management.

• This control fails when the approver is acting fraudulently or in collusion with fraudsters.

Threshold Loopholes: Due to capacity constraints only larger values (above defined value thresholds) receive the attention of more than one approver.

• This leaves gaps or below threshold loopholes which fraudsters exploit

 

Solution: 

A Digital Fraud Review Panel 

An additional layer of fraud detection rigor is introduced. This layer comprises a panel of AI based Digital Twins trained by human risk experts.  All transactions (regardless of value) are scrutinized by the panel in real-time. Suspicious behavior is flagged and the payment blocked. 

How it works 

• A new invoice is created or an existing invoice is edited. 
• Each expert’s Digital Twin independently reviews every transaction or transaction change in real-time. 
• A “flag” from a Digital Twin stops the process before the payment is made and escalates that transaction to the risk team . 
• Decision transparency - the rationale for the “flagged transaction” is documented to support the risk teams investigation.

Proactive detection prevents the loss before it occurs, as opposed to routine audits which are conducted retrospectively on only a sample of transactions. 

 

 

Fraud detection & prevention 

Prevent Collusion:

• Regular approvers cannot interact with or influence the independent Digital Fraud Review Panel. 
• The Panel’s Digital Twins monitor all transactions behind the scenes, providing forensic expert input outside of existing approvers. 
• When inappropriate behavior occurs, it is flagged in real-time and escalated to a higher authority (more senior than regular approvers) for additional scrutiny.
• Suspected fraud flag appears in addition to any other flag or as a stand-alone if there is no other flag on the transaction.

 

Eliminate Threshold Loopholes

• Due to human capacity constraints, only payments above certain values require approval.
• This creates a loophole in the system, allowing fraudsters to keep transactions “under the radar”. 
• Digital Fraud Review Panels have unlimited processing capacity and operate 24/7, 365.
• Any transaction value can be digitally assessed by the panel, eliminating the threshold gap.

 

Integration with Sage Intacct benefits:

• Enhanced payment fraud detection capabilities. 
• Prevent collusion and eliminate threshold loopholes. 
• Cost-effective, real-time access to internal and external fraud experts.
• Pro-active surveillance - detect payment fraud before the money leaves the organization.
• Simple integration.

System Requirements:
Sage Intacct Web Services
Sage Intacct Platform Services

Price:
Consumption-based pricing model

Integration Approved Countries:
United States; South Africa;