EmeraldCube Enhances EmeraldPrism Platform, Delivers FraudPatrol

By CIOReview | Friday, October 16, 2015

ATLANTA, GA: EmeraldCube Solutions, provider of business solutions to Oracle’s JD Edwards customers, has enhanced its EmeraldPrism platform, which enables customers to track the pulse of their EnterpriseOne technology environment by practically identifying issues and changes that could affect stability and uptime.

The company has delivered FraudPatrol for JD Edwards EnterpriseOne, an integrated applications suite of comprehensive enterprise resource planning software.

The new launch utilizes transaction monitoring and refined pattern analysis techniques with log mining to distinguish and report auditors and controllers about any suspicious business activity.

“Most companies have invested in fraud prevention tools, but few companies have proper fraud detection mechanisms in place. Automated proactive data monitoring and analysis is by far the most effective fraud detection solution. Our FraudPatrol solution focuses on securely detecting issues and notifying designated personnel within the organization when breaches occur, proactively stopping fraudulent activity before it’s too late,” comments Marcelo Tamassia, Partner of EmeraldCube Solutions.

Available as a standalone product or in combination with EmeraldCube’s CNC monitoring and alerting solution, it performs real-time analysis of payroll and financial transactions and gives report of asset misappropriation, which makes up an estimated eighty-five percent of corporate fraud activity. Moreover, it supervises the activity of JD Edwards closely and System Administrators (CNC), who usually have unrestricted access to JDE.