In recent times many government and big business organisations have migrated their vast accumulations of unwieldy data into assessable data silos with a view to making this information readily available to individuals and departments without the tiresome task of isolating and reformatting the data to suit the application requirements. That leaves the door open for data analysis, data mapping and data mining functions to be performed on that data and transform disassociated data into valuable knowledge, and the benefits are significant: cost savings, efficiency improvements and revenue generation. One very specific function that can now be achieved without vast expenditures is the monitoring for fraudulent activities, corruption, cronyism, and fundamental errors that have so far been well and truly buried in the pure volume of data unnoticed.
Traditional reporting tools are no longer adequate in this new world of data analytics. Some provide EBR (Exception Based Reporting) but this is at best a starting point, new requirements need to empower the modern day analyst. The requirement to permit the open-ended investigations efficiently, requires the visualisation of data that in turn stimulates the intuition and fully utilises the subject knowledge of the analyst performing the investigation. Netmaps”DetectR“allows an EBR process to provide a starting point to an investigation then a data mapping/data visualisation application is built in for analytics to allow them instant access to all data and follow an intuitive pathway without being an IT specialist.
NetMap was originally created to help intelligence agencies identify complex criminal activities and develop profiles of sophisticated criminals and terrorists. Now, driven by intense competition and a strong focus on corporate responsibility, leading organisations and government agencies around the world are using these same powerful techniques to their advantage.
The difference between NetMaps”DetectR“and traditional business software tools is its ability to find the hidden problems and consistently monitor and report on further occurrences of the problem. NetMap can find every direct and indirect relationship existing between the millions of pieces of data in your system. The results can be startling. Hidden patterns and relationships are displayed to the analyst for further investigation so that serious breaches can be discovered and solved before they become terminal.
The collapse of large companies has meant a global focus on corporate accountability. Personal liability is a frightening reality for every director. So, how can you enjoy improved peace of mind that your organisation is “squeaky clean”? How can you personally guarantee that all corporate procedures are being followed? Government departments face similar pressures. The slightest whiff of potential fraud or mismanagement is unacceptable. The answer is NetMap.
Many fraud detection procedures rely on spot checks and random samples. NetMap allows you to map each and every financial transaction throughout the course of the year. Irregularities are immediately pinpointed. Some will have valid explanations or indicate training or procedural errors. Others may reveal potential breaches of protocols that could be costly. Either way, you are now armed with the knowledge and can take action. Put simply, NetMap allows you to audit your data using the world’s most powerful tools very day not once a year. Ignorance is no defence in today’s corporate environment.
NetMap can help audit large, complex systems and processes for gremlins and inefficiencies.Intricate billing systems for services such as telecommunications, utilities and internet usage are good examples; particularly in dynamic industries such as telecommunications where new prices, products and promotions are being introduced every week, requiring regular changes. NetMap has proved itself in this area again and again. For example, our mapping tools were able identify a billing problem that would have affected thousands of customers for one telecommunications company. At a higher level the ability to unravel a deliberately complex corporate structure to track the money flow is a relatively simple task using NetMap.
If you’re relying on the efficiencies of your processes and systems, rely on NetMap to give you the peace of mind you need.
Another area where NetMap has proved invaluable is mapping how organisations actually work together on a day to day basis. For example, who talks to whom via phone or email, who shares documents, how knowledge is passed around the organisation etc. Often this sort of information does not appear in the official organisation charts and the reality can be quite different from management perceptions.
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