5 Essential Checks Before Adding a Supplier to Your ERP System
ERP systems are the backbone of financial and operational processes in organizations. Adding a new supplier is not just a technical step—it is crucial to prevent fraud, errors, and mismanagement that can cause significant harm. Below are five key things to verify before adding a new supplier: 1. Verify the Supplier’s Identity Ensure the supplier […]
The Hidden Dangers of 30 Days of Credit in an ERP System
Current 30 days and supplier credit management ERP (Enterprise Resource Planning) systems, such as SAP, Oracle, Priority, and Tafanit, improve business processes, streamline activities, and ensure the flow of information between departments. Poor credit days management (current plus) creates serious financial risks, such as processing invoices too early, paying early, and miscalculations. These problems hurt […]
The hidden risks of verifying a supplier’s bank account
In today’s digital age, financial security is a top priority for businesses. ERP systems, such as SAP, Oracle, Priority, and Tafnit, have revolutionized the management of financial processes and supplier relationships. However, when suppliers request changes to supplier bank accounts , relying solely on supplier bank verification can expose your organization to fraud. Fraudsters exploit weaknesses in traditional verification […]
Dangers of changing bank account details in ERP systems
ERP (Enterprise Resource Planning) systems such as Priority , Oracle , Tafnit and SAP are key tools in managing organizations’ financial information, automating processes and improving operational efficiency. However, despite their advanced capabilities, these systems are not immune to fraud, especially when it comes to changing bank account details. Many organizations blindly trust their ERP systems, thinking that the built-in security of these […]
How the host saved herself thanks to Datalix – a system for detecting fraud and abuse
Nowadays, advanced technology has become a central tool in identifying errors and preventing embezzlement in organizations. But is it possible for an intelligent system to not only identify anomalies – but also become a tool for the fraudster himself? The incident described here demonstrates how Datalix, far beyond being a detection and warning monitoring system, […]
Detecting Embezzlement
Over the years, many embezzlements have been discovered in Israel. Most embezzlements are discovered by chance as a result of the embezzler’s dismissal, an unusual external event such as coronavirus or war, a bank report of a discrepancy, a request from a supplier, etc. The question arises as to why, despite awareness of the risk […]
Fraud and Abuse Detection System: The Key to Preventing Fraud in Business
In the modern business world, large organizations are faced with many challenges, including the constant risk of fraud and abuse. An ERP (Enterprise Resource Planning) system is a vital tool for managing an organization’s resources, but it can also be a weak point if appropriate security measures are not implemented. In this article, we will […]
