The power of risk mining
Risk mining refers to the process of identifying, analyzing, and mitigating potential risks in a systematic manner. It’s often used in project management, finance, and business operations to proactively manage and mitigate risks. The goal is to ensure that the project or organization is successful and that the outcomes are reliable and secure. This process involves identifying potential sources of risk, such as data quality issues, privacy concerns, and security threats, and then taking steps to address those risks.
Why Datricks?
Datricks is a leading AI-powered automated risk mining solution designed specifically for financial teams. The solution empowers internal auditors and finance leaders to achieve continuous financial compliance with greater efficiency and confidence.
With Datricks for Risk Mining, organizations will be able to:
- Detect unknown risks and flag suspicious transactions, vendors, and employees.
- Enhance the effectiveness of process controls.
- Automate control testing and monitoring with digital controls.
- Drive data-driven audit and compliance with advanced analytics.
- Achieve rapid results with the “7-day challenge.”
- Utilize built-in content for audit, risk, and compliance.
The Synergy of SAP Signavio and Datricks
By combining SAP Signavio’s expertise in business transformation with Datricks’ advanced risk mining solution powered by AI, we are delivering a comprehensive solution that enables proactive and data-driven risk mitigation to accelerate business transformation. It streamlines your operations and empowers you to proactively identify and mitigate risks before they become major disruptions. Risks and controls are identified by Datricks and then pushed into the SAP Signavio to gauge control and process effectiveness, fostering proactive risk management.
Our end-to-end solution enables you to:
- Uncover Hidden Risks: Datricks' AI-powered risk mining platform continuously analyzes 100% of your financial data, surfacing unseen anomalies and potential threats to financial integrity.
- Prevent Financial and Reputational Damage: Proactively mitigate risks before they escalate, protecting your company's financial health and reputation.
- Streamline Audits and Controls: Eliminate error-prone manual work and enhance existing controls with automated, reliable processes.
- Gain Real-Time Insights: Get immediate answers to audit-related questions, identify root causes of risks, and confidently make informed decisions.
The SAP endorsed app automates risk detection and mitigation, ushering in the era of autonomous finance. It seamlessly integrates with SAP Signavio for a holistic view of risk and process management. Together, we provide an end-to-end solution for financial business risk mining and process management to support both, internal controls and process transformations.
Common use cases:
- Discover risks & controls with Datricks and sync data with SAP Signavio Process Manager to increase transparency and control automation.
- Augment SAP Signavio Process Intelligence with risk and control insights from Datricks to reduce time-to-insight.
- Access risk mining KPIs and live insights like open alerts and total risk exposure in SAP Signavio
Our partnership goes beyond mere risk management. It empowers organizations to adopt a proactive approach, fostering sustainable growth, operational excellence, and a competitive edge in today’s dynamic business environment while maintaining the highest levels of financial integrity.
Setting a New Standard
Datricks’ data-driven solution for automatic risk detection and mitigation will help implement and automate internal controls across business processes and accelerate business transformation.
Together, SAP Signavio and Datricks are setting a new benchmark in risk management and business process transformation. Our collaboration provides the tools and insights necessary to thrive in today’s complex and ever-evolving business landscape. We are excited to support your business on this journey toward proactive risk management and unparalleled business excellence.
Embrace the future with SAP Signavio and Datricks and transform risk into a strategic advantage.