Shore up fraud prevention with Dynamics 365
Now more than ever, businesses must defend themselves against fraud. Implementing an enterprise resource planning (ERP) solution to manage financial processes and accounting can help prevent fraud by providing strict controls, audit trails, and notifications of questionable activity. Rand Group is your certified Microsoft gold partner to deliver a fraud prevention strategy built into Dynamics 365 ERP applications so you can have peace of mind that processes are in place to protect your business from malpractice.
Build fraud prevention measures into your financial processes
Microsoft Dynamics 365 applications are cloud-based solutions with built-in, sustainable fraud prevention measures that anticipate and proactively manage risk on an ongoing basis. Rather than using a fixed set of rules, today’s fraud prevention strategies involve continuous learning, so improvements are always being fed into the system. Automation features allow for greater efficiency, reduces risk, and enhances your ability to track data changes for enhanced financial integrity. With Dynamics 365 delivered by Rand Group, you have the building blocks to build a solid foundation for crucial fraud prevention programs.
As a Microsoft partner with over 20 years of experience, our software engineers and consultants are trained on Microsoft technologies and fraud prevention strategies. We will implement your Dynamics 365 ERP of choice with customizations to your business and its unique fraud prevention, risk management, and compliance processes to help prevent increasingly complex fraud schemes. Rand Group will ensure all users are trained on the system, plus know how to monitor and report on the effectiveness of the controls.
Comprehensive audit trails for easy investigation
Robust, real-time audit trails for configuration, customization, administrative, and master data changes allow internal leaders and auditors to easily investigate activity with the potential to impact security, controls, or financial statements.
Automate accounting processes with workflows and controls
Utilize extensible, automated controls with powerful search and reporting capabilities. Design preventative and detective controls using workflows, Power Automate, and custom fields. Automating accounting processes minimizes or intensive and error-prone back-end reviews.
Set up effective segregation of duties
In Dynamics 365, you can set up rules to separate tasks that must be performed by different users. The segregation of duties can help reduce the risk of fraud, and it also helps you detect errors or irregularities. Additionally, use segregation of duties to enforce internal control policies.
Rand Group’s fraud prevention solution combined with Dynamics 365
Dynamics 365 natively helps with fraud prevention by including automation and security features that reduces manual processes. Rand Group will implement your Dynamics 365 application, or applications, with additional fraud prevention features tailored to your organization’s strategy. Fraud prevention features available include:
- Automatic security and vulnerability scans
- User access management with set permissions
- Workflows built with Power Automate for approving changes, such as additions to the vendor master to help ensure vendors and their bank accounts are valid
- Automating accounts payable processes
- Third-party audit reports
- Dynamics 365 Fraud Protection for retail-focused businesses
Discover other business solutions offered by Rand Group
Rand Group offers numerous solutions designed to meet your specific needs and support your fraud prevention goals. Our industry experience combined with years of working with various business technologies positions us to deliver solutions that not only solve immediate business challenges but also provide stability and scalability.
Compliance
An intelligent compliance solution can help you overcome key challenges such as ongoing changes to regulatory requirements, increased regulatory inquiries, and a rapidly evolving business technology landscape. Ensure your organization is always compliant with regulations and standards at governmental, industry, and internal levels.
Dynamics 365 Business Central
Dynamics 365 Business Central is a business management solution designed for small and midsize businesses to connect their financials, sales, service, and operations to streamline business processes.
Dynamics 365 Finance and Operations
Dynamics 365 Finance enables organizations to monitor the performance of global financial operations in real-time, predict future outcomes, and drive financial visibility for better decision-making.
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Infrastructure matters. When your network or applications unexpectedly fail or crash, it can have a direct and far reaching impact on your bottom line and ongoing business operations. In some extreme cases, data and monetary losses from unplanned outages can even cause a company to go out of business.
Are your software applications in need of a health check?
Rand Group can perform a full evaluation of your current system and processes and will provide insight into how you measure up. This consultative service is beneficial when determining if you are getting the most out of your software.
Let’s talk about how we can transform your business
