Fincom Solutions introduces new Forensics Data Analytics tool to its Governance Risk and Compliance platform

Press Release • Sep 1, 2014
Fincom Solutions have just launched a new feature to their platform which uses Big Data and Data Mining technology to help companies of all sizes comply with Anti-Bribery and Corruption Legislation.

Letterkenny, Donegal, September 1, 2014 (Newswire.com) - The High risk Keyword Monitoring feature (more commonly referred to as Forensics Data Analytics) is the newest feature available on the Fincom Solutions Governance Risk and Compliance Platform. It is designed to detect possible instances of Fraud and Corruption automatically via the real time monitoring of electronic correspondence for high risk keywords and phrases such as “Facilitation Payment”, “Cash Payment”.

The Fincom Solutions Governance risk and compliance platform delivers three other features which enable companies to manage their compliance risks, these are:

ü  Gifts and Entertainment Tracker™ - ensuring that all Gifts, Hospitality and Entertainment is captured, controlled and managed (via Smart Phone or the web)

ü  Compliance Learning Manager™ - educating your workforce with interactive E-Learning so that they know their responsibilities

ü  Compliance Confirmations Manager™ - periodic automated confirmations of ongoing compliance with your policies and procedures

Speaking with Rónán Harper, CEO of Fincom Solutions he stated that ‘we are excited with the latest feature of the Fincom Solutions platform, while our other three popular features enable our clients to effectively manage their compliance and comply with appropriate legislation the High risk Keyword Monitoring provides our clients with a deeper insight into their organisations compliance and ensures that they are able to detect possible unwanted behaviours in real time. It uses real time text mining to identify potentially suspicious terms within email systems and we can then extend that to other systems such as expenses, invoices, and purchase orders to ensure there are no gaps in the monitoring of compliance’.

Fincom Solutions tailor their Governance risk and compliance platform specifically to your organisation and industry, with attention to any unique circumstances or analytics that needs to be considered

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