employee using fraud management solution

Fraud Management Solutions

Reduce fraud, theft, and misuse

Protect your business

Any business can become a target for fraud. That’s why you need a fraud monitoring solution for a continuous real-time view of customer, employee, and vendor activities to reduce risk and losses.

 

With Alessa you will be able to quickly:

 

  • Analyze data from any source
  • Use advanced analytics to detect anomalies, process breakdowns, and fraud. 
  • Provide insights into business processes and activities
  • Monitor activities in procurement, payroll, accounts receivable/ accounts payable, insurance claims and more.

Why Choose Alessa

Real-time protection

Effective fraud detection and prevention programs must have continuous monitoring of transactions to quickly detect suspicious activity. Alessa allows organizations to screen all transactions in real time and generates risk scores to help guide decisions.

Know your customers and vendors

Because it’s important to know exactly who you are doing business with, Alessa offers rigorous sanctions screening against internal and external, and third-party sanctions lists. You can choose to screen on-demand, periodically, or in real time.

Guard your reputation

Alessa is your best defense against bribery, corruption, and other illicit activities. Our fraud prevention solution provides a complete view of your data with advanced analytics so you can uncover suspicious activities and patterns before they cause damage.

Focus on Finance

Finance, including payroll, accounts payable and accounts receivable are areas that are vulnerable to error, fraud, and theft. Alessa protects your business by reviewing and screening transactions to ensure that they comply with your policies and procedures.

Additional Solutions

Customer Due Diligence (CDD)

Better technology for deeper risk intelligence

Our AML compliance software includes APIs for integration with your onboarding systems to verify identities and search sanctions, politically exposed persons (PEPs), OFAC, and proprietary lists in real time. Real-time risk intelligence during onboarding is critical to protecting your business. 

A good CDD process should include these seven elements:

  1. Full identification of customer and business entities, including the source of funds and wealth and beneficial ownership when appropriate
  2. Development of transactional activity profiles of each customer’s anticipated activity
  3. Definition and acceptance of the customer in the context of specific products and services
  4. Assessment and grading of risks at both customer and account levels
  5. Account and transaction monitoring based on the risks presented
  6. Investigation and examination of unusual customer or account activity
  7. Documentation of findings

In addition to the above, CDD processes should include periodic risk-based monitoring of the customer relationship to determine whether there are substantive changes to the original CDD information (e.g., change in employment or business operations)

Enhanced Due Diligence (EDD)

The details count

Enhanced due diligence has additional measures aimed at identifying and mitigating the risk posed by higher risk customers.

 

Enhanced due diligence (EDD) is a must for organizations looking to comply with anti-money laundering (AML) regulations, engage with new suppliers, vet parties involved in a merger or acquisition, or meet anti-bribery and anti-corruption obligations.

 

Alessa offers the ability to automatically order EDD reports from Refinitiv directly from the platform. This allows compliance teams to go beyond simply checking whether an entity is on a sanction or watch list and get detailed background information on individuals and businesses based on comprehensive research by the Refinitiv team.

Industries we serve

Schedule a FREE demo

See for yourself how Alessa can help your organization

 

Alessa provides a 100% commitment free demo to demonstrate the tools and features we provide.

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Excellent tool for fraud prevention and risk management

I have worked with Alessa for years because of how useful it is to thoroughly analyze transactions and identify suspicious operations

– Jane Doe, Company ABC