• Bite-Sized Learning: Merlynn Decisioning Digital Twin - Procurement Fraud Risk management & Digital Forensic Auditors

    AVAILABLE ON DEMAND 9/26/23

  • Key Benefits:
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    Merlynn Decisioning Digital Twin
    Merlynn Intelligence Technologies introduces the Digital Fraud Review Panel, groundbreaking procurement fraud detection technology.

    The Business Challenge
    Existing payment system controls include management approval processes to deter fraudsters however, this control fails when fraudsters collude with senior staff to approve fraudulent payments. Another loophole that criminals exploit is to circumvent the approval process by keeping the payment value below the approval threshold - essentially “beating” the system. Without any red-flags being raised, these frauds often continue undetected for years.

    Digital Twin Solution
    TOM Digital Twin Technology enables Sage Intacct customers to deploy a digital team of fraud experts within their purchasing and payment system to monitor payment activity in real-time. The Digital Fraud Review Panel acts as an independent, second set of eyes removing the opportunity to collude with internal resources.
    TOM Decisoning Digital Twin AI leverages the knowledge of experienced fraud experts to identify potential fraud and collusion in real-time.

    Key Benefits:
    ● Reduced Risk of Internal Fraud / Collusion - Internal resources cannot interact or collude with the independent Digital Fraud Review Panel.
    ● No ‘Below Threshold’ Risk - Digital Twins operate 24/7 with no capacity constraints - they are therefore able to analyze all transactions, regardless of volume or value.
    ● Proactive Risk Management - Real-time detection enables organizations to block suspicious payments before the money flows out of the organization, as opposed to more traditional auditing methods which occur retrospectively.

    Join Beverley Erikson to hear more about Decisioning Digital Twin technology and the impact it could have on your business!

    AVAILABLE ON DEMAND 9/26/23
     

    System Requirements:

    Price:

    Integration Approved Countries:
    United States;

    About:

    Merlynn is a leading Decision Intelligence technology company focused on democratizing access to human expertise. Our vision is to enable anyone, anywhere, to access, in real-time, the opinion, advice, knowledge or know-how of a subject matter expert to enable organizations and individuals to manage risk more effectively.
     

    Expertise becomes critical in areas of risk and uncertainty.  Currently, the barrier to accessing expertise is a human capacity constraint - a human can only process a finite number of issues in a day. Expertise has become a rare and expensive resource. We’ve eliminated these obstacles through our technology suite, which enables human experts to create their Decisioning Digital Twins.  These Decisioning Digital Twins have unlimited processing capacity - this means organizations can access expert advice from around the globe, 24,/7 at an affordable rate.  Our proprietary Tacit Object Modeler, TOMTM  technology is used to create the experts’ Decisioning Digital Twin.  

    Decisioning Digital Twins

    Decisioning Digital Twins are AI replicas of a human expert’s decision-making. The Digital Twin, created by an expert, returns the same response as the human expert would - in real-time, with no processing capacity limitations. 

    AI Employment Agency (AIEA)

    Access to the Decisoning Digital Twins of experts outside of an organization happens via Merlynn’s AI Employment Agency (AIEA) platform.
    Via the AI Employment Agency, experts upload their Digital Twins and sell their expertise to organizations looking to employ or deploy these skills, either B2B or C2B basis within existing systems. On the AIEA platform organizations can view the profile of the human expert who created the Digital Twin. They can then download Digital Twins from anywhere in the world to be integrated into their existing ERP systems. 


    Phone: info@merlynn-ai.com
    Website: https://www.merlynn-ai.com/
    Year Founded: 2015
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