Bank transfer fraud, fake supplier fraud, president fraud... the risk of fraud is present throughout the payment process.
With NEOFI , no longer fear scam attempts. The Anti-Fraud module helps you eliminate risks through continuous analysis of bank details from your third-party repository.
Contact an expert
.svg)
Hot when you launch a payment campaign or cold as part of an audit, NEOFI automatically analyzes the bank details from your third-party repository. You are alerted in real time of identified anomalies: obsolete, incorrect, duplicate or inconsistent contact details. Your supplier database remains up to date and its data is reliable.
Not all questionable payments are fraudulent. But how to prioritize these doubts, according to what criteria? With NEOFI Anti-Fraud , you choose in the settings how to adjust the anomaly detection rules and associated alerts. NEOFI alerts you according to your choice in the event of an abnormal situation: inconsistency in history, supplier domiciled in an unusual country, inconsistency in payment history, new bank account, etc. Then suggests the actions to initiate in the event of a suspicious payment (automatic deletion, quarantine, use of a resolution workflow, etc.).
You determine what a suspicious payment is and what actions to take:
Resolution workflows allow you to:
Once the fraudulent payment is detected, you must act quickly! NEOFI Anti-fraud can be configured to automatically unblock the payments file, delete the defaulted transaction, then send to the ERP a file containing the elements necessary to reverse the defaulted entry.
The great flexibility of NEOFI allows it to connect to all the ERPs and payment systems in your application environment and make them communicate. NEOFI also connects to private control repositories: SEPAmail Diamond, Sis ID, Trustpair, Compliance Catalyst (BVD).
Finally, so that you are always compliant with international sanctions lists, the NEOFI Compliance add-on module integrates data from official lists into its database as soon as they are published: list of the United Nations Security Council, the EU, OFAC, the HMT, the national register of asset freezes.
NEOFI Anti-fraud includes a Business Intelligence 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 behavior detected as it learns can then be analyzed using the reporting module .
The reports created are fully customizable and can be easily exchanged with the managers of the affected departments in order to better anticipate future fraud attempts.
.png)
“NEOFI 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 Financing, COLAS
