Fennaio | artificial intelligence software

Fraud Detection AI Software for the ERP industry


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Machine Learning Data Science Software
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We are specialists in the practical application of Artificial Intelligence including Fraud Detection AI, Machine Learning, Deep Learning and Data Science Software used within ERP processes and operations

AI can train from financial transaction data. When it has learnt what's normal, AI can react rapidly to fraudulent/ abnormal money patterns.

The power of fraud detection

Being able to automatically spot fraud based on past knowledge and experience of normal state is a powerful tool in all aspects of business and industry.

By learning from past procedures, operating states and occurrences, including positive events, negative events, and all the in-between variable and unpredictable events that happen during normal run time; fraud detection is more informed, impactful, accurate, and more likely to result in prevention of financial loss

Importantly, faster, accurate fraud detection potentially saves time, cost and other resources in the future to a much greater degree than manual processes.

The more past data, experience, knowledge, events, processes and transactional data to learn from the more accurate and informed the fraud detection process will be.

NameELDR Fraud
AI EngineELDR
Release DateMarch 2021
Version1.0
Hosting/installationLocal Standalone, Internal Network or Cloud
IntegrationDirect coupling or RESTful API
PriceContact Us
LicenceContract basis
SLAContract basis
UpgradesContract basis

AI makes automatic fraud detection possible

Learning from past states of play, gained-knowledge and experiences in order to decide whether fraud is happening might sound straightforward - this is how a human brain would detect fraud - but making this process automatic and asking a machine to do this is extremely complex and demanding, mainly due to the large amount of variability involved.

If a traditional software programming approach was used, the computer would continually be asking "if this, then do that; if x and y, do z". This stepwise methodology is limited, restrictive and resource-heavy as the program will only do what it has explicitly been told to look for by the programmer; making it next to impossible to account for all possibilities and variations, even in the simplest of detection systems and processes. You certainly couldn't use this approach for complex and diverse processes and large scale transactions.

With AI and Machine Learning technology it is now possible to learn from near infinite amounts of variable, constantly changing data in order to spot fraud rapidly and automatically.

ELDR Fraud is a powerful Deep Learning package that can help spot fraud based on a highly variable past and complex normal state of play it has learnt from

ELDR Fraud is a variant of Fennaio's core AI predictive analytics software - ELDR Predictor. Using our powerful ELDR AI Engine, which is a Deep Learning Artificial Neural Network, ELDR Fraud uses supervised learning to make and link complex relationships from state of play data (of any size or complexity) passed to it.

When ELDR has learnt (trained) from the data, it is then primed to receive current-status data from which to check for occurrences of fraud.

A simple example using ELDR Fraud

Consider you are a Bank IT Manager and for the last year you have been monitoring and recording financial transactions going through your Stocks and Shares buying and selling service. Despite the monitoring, frauds which you only spotted a month later when you manually looked at the data.

With ELDR Fraud, you simply pass your normal transaction data set in (with a large and unlimited fields e.g. time of day, location, country), and using labelled/supervised learning, ELDR will make all the links between all data sets, accounting for wide variation. You can then probe ELDR in real time with current transaction status to see if the particular state is considered normal.

ELDR Fraud is highly dynamic, autonomous, configurable, graphical and easily integrated

Dynamic

ELDR Fraud can handle and learn from multiple sources, sizes and complexities of data for numerous prediction requirements simultaneously. Data can be changed at any time and it can continually learn.

Autonomous

By default ELDR is plug and play - you can simply give it appropriately formatted data and it will automatically learn from it, including self optimisation and self scaling.

Configurable

In many cases you may be happy with plug and play, however almost everything in ELDR is configurable; from which data fields to use as inputs and outputs, to colours, displays, output format, learning modes, learning accuracy, all the way through to Artificial Neural Network dynamics and dimensions.

Graphical

ELDR Fraud uses a rich intuitive GUI Dashboard from which to manage the whole AI process (data preparation, learning, outputting and testing), including a comprehensive suite of gamified charts and other visual displays to monitor everything.

Easily Integrated

AI Integration is our speciality. We understand that AI can be used in a variety of ways and in numerous system-types and processes. We build our software to be entirely modular and there are multiple integration methods and points ranging from network-based RESTFulAPI integration to direct coupling at the code level, depending on the response time required, amongst other considerations.

Key points about our Fraud Detection AI software

  • Can help detect fraud in any process automatically
  • Can handle numerous data streams and outputs simultaneously
  • Uses our powerful ELDR AI Deep Learning Artificial Neural Network Engine
  • Dynamic
  • Autonomous
  • Configurable
  • Graphical
  • Easily Integrated

Example areas where Fennaio can help with AI, Machine Learning and Deep Learning in the ERP industry


AI can be used all over the ERP industry, including these processes, operations and tasks:
  • enterprise resource planning
  • human resources
  • customer relationship management
  • business intelligence
  • supply chain management
  • inventory management system
  • financial management
  • research
  • predictions
  • forecasting
  • modelling
  • analytics
  • many more...

How Fennaio can help you efficiently integrate Fraud Detection AI Software with your ERP operations


AI Education

for Fraud Detection in the ERP industry
Fennaio helps your ERP organisation with understanding the fundamentals of exactly what Fraud Detection AI is, how you can use it, where you can use it and how you can implement and integrate it - all in an easy-to-digest manner.

AI Strategy

for Fraud Detection in the ERP industry
Fennaio works closely with you and your relevant teams to understand your ERP organisation operations and your long term goals so we can plan when and where to introduce Fraud Detection Artificial Intelligence with minimum disruption and maximum benefit.

AI Tooling & Development

for Fraud Detection in the ERP industry
Fennaio provides all the relevant hardware, software, network and infrastructure requirements you need to implement Fraud Detection Artificial Intelligence, whether this be an off-the-shelf software product or system, or a completely bespoke solution, a standalone piece of software or an enterprise-grade package.

AI Data Analytics

for Fraud Detection in the ERP industry
Fennaio partners with you to fully understand your current data, how it relates to and is currently gathered from your current ERP operations, and how to harvest, analyse and prepare it for use in Fraud Detection Artificial Intelligence and Machine Learning to result in maximum gain.

AI Learning

for Fraud Detection in the ERP industry
Fennaio will use your correctly formatted data streams to train the Fraud Detection AI, Machine Learning or Deep Learning system by using an optimisation and scaling up procedure until the Fraud Detection AI is fully and continually primed to start outputting useful information for your ERP operations.

AI Visualisation

for Fraud Detection in the ERP industry
When the Fraud Detection AI is fully trained, Fennaio will feed it live ERP operations or test data and use various visualisation techniques to confirm with you a beneficial output is being achieved; whether this be a prediction, pattern recognition, a rapid analysis, a diagnosis or any other type of output.

AI Integration

for Fraud Detection in the ERP industry
When you are satisfied the Fraud Detection AI software is producing effective results, we will integrate the AI into your existing systems if required. Whether this be at the code level, integration over a network or as a standalone process, we will seamlessly integrate the AI with your ERP operations.

AI Delivery

for Fraud Detection in the ERP industry
After the Fraud Detection AI is successfully integrated into your ERP operations, we will continue to monitor the whole Fraud Detection AI process from data acquisition, analysis, processing, learning, visualisation and output until you are fully satisfied you have an AI system that is achieving your operational goals.

Other AI Software for the ERP industry

As well as Fraud Detection software for the ERP industry, we provide a comprehensive set of other Artificial Intelligence, Machine Learning, Deep Learning and Data Science software:

How Fennaio works with you at every stage of the AI and ML Integration process.

Whether you are starting out on your first AI project, just interested in the possibilities of AI or are wanting to expand your existing AI suite, we are here to help.

AI Survey & Plan

We will discuss with you where you are, where you want to be, and how we can achieve it with AI - whether by a bespoke solution or using one of our off-the-shelf products

AI Data Analysis & Preparation

We will work with you to gather, analyse and prepare all your relevant data sources for use in the AI system(s)

AI Execute & Visualisation

We will run and tune the AI throughout the AI learning process and enable the AI to produce a real time visual output to confirm the AI is producing beneficial results

AI Integration

When you are satisfied the AI is delivering the results you desire, we will integrate the AI with your new or existing systems

You are one step closer to getting Artificial Intelligence into your ERP organisation

Fennaio has the expertise in the ERP sector to get you up and running with Fraud Detection AI and Machine Learning in your new or existing systems, software and operations.

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