Bank transfer fraud, fake supplier fraud, CEO fraud… the risk of fraud is present throughout the payment process.
With NEOFI , you no longer have to fear scam attempts. The Anti-Fraud module helps you eliminate risks through continuous analysis of the bank details in your third-party database.
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Whether you're launching a payment campaign or conducting a preliminary audit, NEOFI automatically analyzes the bank details in your third-party database. You receive real-time alerts for any identified anomalies: outdated, incorrect, duplicate, or inconsistent details. Your supplier database remains up-to-date and its data is reliable.
Not all suspicious payments are fraudulent. But how do you prioritize these suspicions, and according to what criteria? With NEOFI Anti-Fraud , you choose how to adjust the rules for detecting anomalies and the associated alerts in the settings. NEOFI alerts you according to your preferences in case of an abnormal situation: inconsistent history, supplier located in an unusual country, inconsistencies in payment history, new bank account, etc. It then suggests actions to take in case of a suspicious payment (automatic deletion, quarantine, use of a resolution workflow, etc.).
You determine what constitutes a suspicious payment and what actions to take:
Resolution workflows allow you to:
Once a fraudulent payment is detected, you must act quickly! NEOFI Anti-fraud can be configured to automatically split the payment file, delete the faulty transaction, and then send a file to the ERP containing the necessary elements to reverse the faulty entry.
NEOFI 's high degree of flexibility allows it to connect to and communicate ERP and payment systems NEOFI also connects to private control repositories: SEPAmail Diamond, Sis ID, Trustpair, and Compliance Catalyst (BVD).
Finally, to ensure your continued compliance with international sanctions lists, the NEOFI Compliance add-on module integrates data from official lists into its database as soon as they are published: the UN Security Council list, the EU list, OFAC, HMT, and the national asset freeze register.
NEOFI Anti-Fraud Business Intelligence solution to help you analyze all data passing through the platform and prevent any risk.
The module dynamically learns your company's payment practices . Irregular or irrational behaviors detected as it learns can then be analyzed using the reporting .
The generated reports are fully customizable and easily shared with relevant department heads to better anticipate future fraud attempts.
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"NEOFI's tools are now fully automated at Colas and completely integrated into our Procure-to-Pay cycle, at the end of the chain between our Accounting ERP and our Treasury Management System."
Anthony Udin
Director of Treasury and Corporate Finance, COLAS
