CaseWare™ Monitor Brochure

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​CaseWare™ Analytics AML Compliance

Designed to assist institutions in meeting compliance requirements in an efficient manner, the CaseWare AML Compliance solution actively monitors 100% of financial transactions and customer information, and sends alerts of any non-compliant activities detected. The solution is able to assign responsibility for anomalies detected and maintain accurate records of all actions taken. This empowers institutions to take and evidence all the reasonable steps necessary, to exercise due diligence, to avoid committing an offence.

Know Your Customer (KYC) Compliance

Verify your customers before doing business with them. You can now monitor your customers effectively by examining customer data to ensure KYC compliance and apply risk scores based on defined metrics.

Sanctions List Screening

CaseWare’s solution allows you to screen individuals against sanction lists at various point in your process: 

• Onboarding – While opening new accounts, screen potential customers and vendors. 
• Periodic – Screen your entire customer base on a regular basis to identify possible changes. 
• During Transactions – On a real-time basis, intercept transactions by screening senders and receivers of wire transfer and drafts.  

​CaseWare  Analytics

CaseWare Analytics is a privately held software development and marketing company, with offices in Toronto and Ottawa, Canada. CaseWare Analytics is a subsidiary of CaseWare International Inc., the world leader in business-intelligence software for auditors, accountants, and systems and financial professionals. 

To view their website, please click the link below:
CASEWARE WEBSITE

The CaseWare Monitor solutions allows the use of data analytics and CAATs developed by us or your organisation and then to completely automate the whole continuous monitoring process. This is done using innovative and user friendly interfaces that present the results of these tests to the internal audit team and/or management in any department in your organisation. The results can be assigned to staff and the follow ups can be stored directly into CaseWare monitor. Feedback on these reports are then automatically sent to the relevant parties.

CSSA Data Science is the sole South African distributor for the CaseWare Monitor product developed by CaseWare Analytics, with permissions to also distribute CaseWare Monitor throughout Africa. This allows us to be part of the industry shaping tools and services which are coming from the CaseWare family of products. CaseWare has many solutions to the problems facing big businesses storing and processing large amounts of data.

Please contact us for more information on this innovative and exciting product that is changing the way we now audit.​

CaseWare™ Analytics Payroll Monitoring

The CaseWare™ Payroll Monitoring solution allows an organization to detect erroneous, suspicious and fraudulent activities before payments are made.   
The solution provides the facility to define the entire control environment, from employee record creation to final salary payments. Once completed, the monitoring framework examines all electronic activity to detect control breaches and automatically alerts the relevant persons to action the items discovered, in a timely manner.​​​

CaseWare™ Analytics for T&E (Travel & Expenses) Monitoring  

The Association of Certified Fraud Examiners (ACFE) reports that 15% of all frauds involve expense reimbursements with the average time for detection being 24 months, at which point almost 90% of the proceeds lost are unrecoverable.
  
This can be attributed to the nature of the T&E process which leads to more employees gaining purchasing power and an increasing volume of transactions. While more traditional disbursement processes within an organization limit spend resources to select individuals, the T&E process enables a greater amount of employees to make expenses.

This recent growth in corporate travel increases the risk of encountering falsified expenses and inflated business expenses such as flying first class, overstated mileage and duplicate submissions. Furthermore, a growing use of automated T&E management systems has led to faster processing times resulting in heightened risk of improper approvals. In order to keep up with the pace of business and increase compliance, organizations must be in a position to gain visibility into 100% of T&E transactions and take correction actions before any material loss.

The solution provides organizations with immediate identification of non-compliant expenses before they are approved for reimbursement. Key components of the solution are automated notifications and workflow that can track all deficiencies as they occur as well as provide the assurance that they are being addressed in a timely manner.

​Transaction Monitoring

CaseWare’s solution provides comprehensive coverage by monitoring all transactions across multiple locations or entities and any data source. Unique capabilities include:   

• Cross-channel automated monitoring to detect and prevent anomalous behavior.
• Consolidation of data from relevant sources.
• Early identification of suspicious transactions including structuring, smurfing and flipping.

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CaseWare™ Analytics Data Quality Module (DQM)

With “the world’s information doubling every two years,”[1] data has overtaken intuition as the key advantage to drive business growth and increase market share. Numerous sources indicate that a large percentage of mission-critical systems —such as ERPs, CRM and data warehouses — are not producing full value due to faulty data.

High volumes of data can increase the likelihood of ‘dirty’ or poor quality data which can negatively impact your business. Incomplete and inconsistent data such as having incorrect customer, product and financial data can lead to problems such as duplicate marketing mail-outs, unpaid invoices, misidentified customers, and duplicate payments. This can potentially lead to lost revenue, stalled operations and compromised credibility. ​

CaseWare Analytics DQM helps businesses to manage data effectively by automating the data quality process, ensuring that all data is accurate and complete. The solution helps organizations embed data quality directly into their operations to serve a greater good, such as monitoring the controls of core business processes.   

The solution works to transform your data from all sources in four stages: Profiling, Parsing, Matching and Cleansing. After your data is transformed, CaseWare Analytics DQM ensures ongoing data quality by continuously monitoring both existing and new data, and by employing early detection systems.   
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CaseWare Analytics DQM also allows for a collaborative approach to data quality, alerting multiple people within your organization to data quality issues, so they can be corrected.