Component documentationSAP Fraud Watch Locate this document in the navigation structure

 

SAP Fraud Watch is a powerful, web-based transaction exception detection system for fraud and policy violation that integrates with your existing Point-of-Sale (POS) system and IT infrastructure. It combats fraud by identifying high-risk transactions and behaviors with its automated store-auditing tools. Using advanced data mining techniques, it uncovers the source of POS-related shrinkage resulting from mishandled transactions or internal theft.

The essence of SAP Fraud Watch is a transaction report known as the exception report. This report searches for transaction files for defined elements of a retail transaction that are prone to erroneous or intentional mishandling. SAP Fraud Watch has predefined report generating definitions that are used with exception definition templates to tailor exceptions for a unique retail environment. You can also set up and use various exception schemes, reports, and alerts.

Automated Reports and Instant Analysis Features

SAP Fraud Watch reports are analytical and provide detailed information on transaction activity and exceptions. To use the reporting and analysis tools, you must select one of the standard transaction or exception report options available in the Menu. You can enter parameters for the analysis time period, the level of organizational hierarchy, and other information required in the selected report. All uploaded transactions that are marked during processing delivers each report instantly. For more information, see the SAP Fraud Watch Administration Guide.

FraudWizard

FraudWizard is a user-configured, and automated store-auditing tool, which manages risk by reviewing specific retail transactions that contain defined exception elements. Reports that are delivered display aggregate patterns by cashier and compare these against the threshold. You can set up alerts to advise when suspicious conditions are detected in the transaction database. Only cashiers that meet predefined conditions display in the report.

Example Example

You can run a query to rank all employees by number of high-risk transactions that they perform, and use this information to audit transactions to ensure legitimacy.

End of the example.
System Requirements

To use SAP Fraud Watch, you require a PC with the following specifications:

  • Pentium Processor, 512 MB RAM

  • 15” monitor capable of 1024x768 resolution

  • Mouse (wheel mouse recommended)

  • Modem or LAN connection to the Internet capable of 56 Kbps

  • Microsoft Windows 2000 operating system

  • Internet Explorer 6.0 service pack 1 with 128-bit encryption

Features

  • Easy technology integration — Accessible through your corporate network or Internet connection so that it is easily adapts to your existing technology infrastructure and POS system.

  • Increased operational efficiencies — Reduces loss prevention, carelessness, and fraudulent activities. It allows you to recognize and take action on employees who do not comply with company policies and procedures.

  • Detail-oriented — Monitors all POS key strokes to gain immediate access to automated store reports with its extensive drill-down capabilities.

  • Security-protected — Employs the latest firewall and encryption techniques. It also has multiple permission levels so that users can only access areas in the system to which they are authorized.

  • Tracking capacity — Tracks gift certificates, merchandise credits, and Cash On Delivery (COD) from the time of issue to the time of redeeming.

  • Data management — Processes high volumes of data with ease using its data engine, giving you instant access to all the information needed.