How Our Advanced Analytics Transformed Anti-fraud Monitoring

Case Summary

Global Mineral and Mining company required a single integrated payments monitoring platform for data driven compliance program.
Focus on Vendor 360, Procure-to-Pay, and Employee 360 Travel and Entertainment module

20+ data sources selected
for compliance monitoring

Processed $100+ billion data since 2023

Challenge

A global multibillion-dollar mineral and mining company wanted to streamline their anti-corruption compliance by integrating various business operations systems into a centralized payments monitoring platform. Over 20 separate disparate data sources were integrated for their on-premise vendor and employee compliance platform.

Data was extracted from:

ERP system (SAP Procure-to-pay)
Third party due diligence platform
Vendor questionnaires
Investigations and whistleblower hotline database
Employee performance and HR data
Business operations data

Solution

konaAI’s on-premise deployment and flexible API integrations was the ideal fit for this company wanting to significantly improve its compliance monitoring and anti-fraud program.

In collaboration with Chief Compliance Officer, General Counsel we began to address this task by installing the Vendor 360 platform in the company’s IT environment, focusing first on the company’s SAP procure-to-pay module.

The deployment team took approximately three months to

Integrate all data sources.
Update new tests and customizations in the konaAI software, reflecting the new attributes associated with each additional data source.
Enhance testing and targeted analytics, improving the machine learning models.

Results

Integrated Compliance
Monitoring

Enhanced Global
Risk-detection

Cost Savings via Automated
Analytics

The Mineral and Mining company was able to leverage data integration and analytics by partnering with konaAI. Their proactive actions enhanced their compliance infrastructure thereby mitigating fraud.

Data from the company’s ERP, due diligence, HR, and business operations were all integrated into a single system.
konaAI’s personalized expanded library of tests, enhanced the accuracy of predictive model and identifying high-risk transactions.
Over $100 billion data processed since late 2023, providing insights and continuously driving compliance.

Sahil sharma