The digital revolution is accelerating with every passing day, and with this advancement, new challenges arise, especially in the workplace.
This digital revolution has unfortunately opened the door for more fraud, theft, rogue trading and white collar crime, and compounding this, companies can’t afford to have employees surfing the Internet, playing games, wasting time on social media, downloading music and movies, chatting or sending personal e-mails while they should be working.
The latest White Collar Crime survey published by Price Waterhouse Coopers’, reveals some alarming facts:
Sixty percent of South African companies taking part in the survey are aware that they fell victim to white collar crime compared with 34% across the rest of the world.
South African organisations reported a significantly higher proportion of bribery and corruption, market fraud and financial statement fraud than their global counterparts in 2011.
As business transactions and social interactions move online, there is a clear shift from ‘traditional’ crimes to crimes involving the use of information technology. These crimes are predominantly detected through whistle-blowing or by accident in South Africa.
There is an alarming shift in the perpetrator profile in South Africa towards senior management. In 2011, 36% of internal attacks were carried out by senior management, compared with only 17% in 2009.
“Gone are the days where you could afford to be in the dark about what’s really going on in your business. You cannot singularly rely on whistle-blowing or the honesty of management to let you know that there is something sinister afoot,” says Mike Fisher, director of Human Capital Technologies.
“Our first of its kind inventive software provides clients with the capability of knowing what is going on in their business at all times. It is more than just another IT network security tool, as it records computer user activity in exact detail at its source. This powerful software requires no manual intervention, records 24/7 across the organisation, and holds a record of all employee activity in a single database at employee level, which means information is easily accessible. The software provides comprehensive and indisputable evidence to prove and stop indiscretions being committed.”
This software can assist in detecting high-risk situations and suspect behaviour using automatic, instantaneous alerts. These alerts are programmable for client-specific requirements.
The implementation of this software can:
* Improve staff productivity and effectiveness
* Cut down on waste of company IT resources
* Measure time management and attendance
* Monitor and report on bandwidth usage per employee
* Measure software application usage
* Investigate and gather evidence for cases and hearings
* Protect confidential information
* Identify high-risk situations
* and much more…
Fisher says: “In a volatile economy, never has it been more important to maximise staff productivity and minimise fraudulent behaviour. Did you know that if one employee, earning R13 000 a month, wasted one hour per day, it could potentially cost you up to R21 000 of wasted time per annum. Multiplying this by your staff count could mean a significant financial impact on your business.”
It’s time to implement this inventive software in your business.
Source:http://www.itweb.co.za/index.php?option=com_content&view=article&id=51831%3Ainventive-software-to-give-control-back-to-sa-companies&catid=234&Itemid=38
