Audit Risk & Fraud Detection
The Challenge
- Costly audits due to decentralized operations, high volume of transaction and multiple systems.
The Solution
- Audit risk detection decreased audit cost and loss due to fraud incidents and cut spending by 75%.
The Benefits
- Automatically retrieve all transactions, uncover data anomalies and streamline the sample testing process.
- 360° view of all transactions and related documents based on data, classification and tagging in a single system.
- Monitor and drive mitigation action plans to owners.
- Save countless man hours spent on manual risk review and audit search.
Optimize Vendor Management
The Challenge
- Needed to scale utility billing service delivery to address the demands of their growing client base while controlling costs.
The Solution
- Vendor Invoice Insights reduced 75% of the annual spend related to invoice processing and analysis.
The Benefits
- Automatically retrieve invoices from emails and cloud storages.
- All documents in one location in real-time.
- Risk management with anomalies detection, duplicate invoices, error alerts.
- Scheduled actionable insights to optimize resources.
- Document integrity and audit ready capabilities.
Asset Lifecycle Management
The Challenge
- Difficulty managing IT assets due to decentralized resources, no easy search capability, high cost to manage.
The Solution
- IT Asset Management on average saves $200K annual spend by automating the processing of 1000 assets.
The Benefits
- Find assets faster: With ScriptString.AI, finding the needle in the haystack is a click away. Easy search based on filenames, metadata, tags, and text.
- 360° visibility of all assets and related documents and how they are connected to each other.
- SOC2 Compliance and GDPR ready.
