Transaction Watchdog is the pioneer in Operational Intelligence for Transaction Data. This data is generated by business or industrial processes. Transaction Watchdog™ incorporates ‘process awareness’ in Big Data analysis to protect Procure-to-Pay, Order-to-Cash and alike enterprise transactions, from human and system errors and frauds. We monitor transaction data across multiple business processes, various IT systems and data centers in order to detect and alert on data inconsistency in real time, before any business loss occurs. Our SaaS solutions are custom fit, provided from a secured server or a private cloud.

1. Business challenges
In today’s challenging business environment, organizations are under intense
pressure to reduce operational risks and save money. The latest AMR Research®
survey showed that 38% of companies with fewer than 5,000 employees and 28%
with 5,000 or more consider it a top priority investing in IT solutions that reduce
business risks.
To address this need, organizations must deploy solutions that strictly control
every payment to suppliers or employees to prevent loss of money.
Companies often discover that their IT systems do not protect them against
employees who use their access for personal gain. Organizations are also
vulnerable to human input errors, some small and some large. IT systems
sometimes make mistakes when sending incorrect data from one system to
another, due to hardware or infrastructure failure. These risks are very difficult to
identify and prevent, but the result is always the same: money leaks out.
Problem with GRC* solutions is that these software programs focus mainly on
reducing the cost of regulatory compliance and audit costs. They are not designed
to mitigate operational risks that cannot be detected in a single system or a
business process at one point-in-time.
The new standard for mitigation of business risks
Transaction Watchdog™ was developed to monitor long running business
transactions - in contrast to IT transactions – by tracking the transactional data
(messages) that they generate. Any core business transaction is long running and
problems with it impact upon a multiplicity of business processes or business
applications. Transaction Watchdog™ enables companies to identify any
transactional data discrepancy or process bypass at the moment they occur.
Not every data discrepancy or process bypass indicates fraud, but any insiders‘
fraud scheme would cause such exceptions. The problem for organizations is how
to identify them, and to do it rapidly.
Transaction Watchdog™ represents the most effective way to protect organizations
from money leaks caused by fraud or error. To use it successfully, you do not need
to predefine a fraud scheme or a suspicious pattern. All you need to do is choose
one or more Transaction Watchdog™ solutions provided by Control’s Force. Then,
install the adaptors that take the predefined transactional data from your
operational databases or Enterprise Service Bus and let the Transaction Watchdog™
go to work.
TRANSACTION WATCHDOG™
DATA SHEET
PRODUCT HIGHLIGHTS
‣ New standard for mitigation of
business risks
‣ Long-running transaction management
‣ Real time alert notification
‣ A heterogeneous systems’ environment
‣ Transaction reconciliation based on
historical data
‣ Detection of any Insider fraud scheme
‣ Reduction in operational and control
cost
BUYING
TRANSACTION WATCHDOG™
‣ Purchasing for personal gain
‣ Overpayment (discrepancy in price,
quantity, etc.)
‣ Ghost item (part)
‣ Ghost invoice/payment
‣ Duplicate payment/invoice
‣ Payee altering in fraud scheme
‣ “Cooking the books”
‣ Segregation of duty breach
MITIGATE
OPERATIONAL
RISKS
*GRC - Governance, Risk Management and Compliance

2. Comprehensive control system to secure core business
transactions
Transaction Watchdog™ works by creating a data-centric model of each core
business process it monitors. The Transaction Watchdog™ can monitor an
unlimited number of business processes with no need to know the logic behind
them. Such model does not change from customer to customer but may require
customization that is as simple as data mapping.
For each core business process Transaction Watchdog™ offers solution that
identify:
‣ Human errors
‣ System incompatibility errors
‣ Transactional data discrepancy
‣ Data loss or bypass the process
‣ Insider’s fraud
The Transaction Watchdog™ offers several out-of-the-box solutions, including:
‣ Buying Transaction Watchdog™ controls each AP invoice provided with ERP
system’s purchase order, prior received AP invoices, inventory records,
payments, and etc.
‣ Payroll Transaction Watchdog™ monitors each calculated payroll against
employee records of HR system, Payroll system, EDI system (clearing file), and
etc.
Every organization that uses an ERP system needs these solutions. They address
expenses and detect cracks in the system that lead to money leaks in real time.
Because Transaction Watchdog™ doesn’t rely on IT system policies and controls, it
can identify fraud when employees attempt to use their access rights to go around
system security.
Speed to Value
Every mid and large size organization that uses ERP usually employs a staff of
controllers and internal auditors. But, because they investigate only a sample of AP
invoices and payrolls, it is virtually impossible for them to find all the money leaks.
To make organizations confident about Transaction Watchdog™ control
capabilities, there is a very short method to show ROI. It is based on the ability of
Transaction Watchdog™ to reconstruct all long-running transactions from
historical data.
On request, an organization submits its last year’s ERP data in some form
(database backup, excel file, iDocs, etc). Transaction Watchdog will reconstruct
every purchase or payroll long-running business transaction as it was executed.
Finally, it will validate it.
Transaction Watchdog™ will reveal 100% of the exceptional transactions, quantify
each kind of alert and calculate the monetary loss. This test analysis requires
minimal IT resources to get quick POC, but it allows organization not only to
recover some of the losses, but also to decide whether Transaction Watchdog™ is
right for them.
PAYROLL
TRANSACTION WATCHDOG™
‣ Ghost/Terminated employee
‣ An available benefit that employee is
not entitled to
‣ Data loss (pension fund pay, benefit
pay, etc.)
‣ Ghost bank account
‣ Segregation of duty breach
TRANSACTION WATCHDOG™
‣ Monitors long-running Business
Transactions based on transactional
data (messages)
‣ Provides real time alert notification
‣ Reconstructs all Core Business
Transactions from historical data
‣ Does not rely on IT system policies and
controls
www.TransactionWatchdog.com
Control’s Force Inc
39111 W 6 Mile Road
Livonia, MI 48152
1-734-779-1887
www.ControlsForce.com
About Control’s Force
Control’s Force is the innovator behind transactional controls, whose products and
services are specialized for long-running business transactions. By tracking data as
a part of the transactions across distributed IT systems and processes, the
company helps organizations extract the lowest cost and the maximum value.
Copyright© 2011 by Control’s Force Ltd. All rights reserved. Transaction Watchdog™ is registered trademarks of Control’s Force. AMR Research® is a registered
trademark of AMR Research, Inc. Published 03/2011 Data Sheet TW031101.0