Secure Compliance and Strengthen Your Anti-Corruption Strategy
Sixthfin’s technology enables corporations to fully comply with new Government measures to combat corruption and fraud. Our technology combines robustness and innovation. It will strengthen your fight against corruption with clear, documented and always-compliant management. Whatever the compliance challenges you have, we will enable you to anticipate challenges, secure actions and affirm your commitment to transparency and ethics.
Anticipate, Detect, Act
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1 Identify risk scenarios
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2 Define 1st-, 2nd-, and 3rd-level accounting controls and deploy
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3 Monitor and resolve flagged anomalies
Identifying Risk From Accounting Transactions
Secure your activities and benefit from an AI-driven library of controls. Our technology is designed to comply with your gouvernement’s anti-corruption recommendations and identify vulnerabilities and sensitive areas in your transactions:
- Establish clear links between risk mapping, sensitive third parties, and accounting controls
- Analyse the complete extent of your data, not just samples, for precise identification of critical alerts
- Assess vulnerabilities related to access rights, task segregation, accounting frameworks, and invoicing rules
- Detect transactions associated with corruption risks using specific criteria (cash payments, expense reports, sponsorships, targeted keywords, etc.)
- Monitor sensitive accounts and analyse manual operations to ensure accounting transparency and security
Define First-, Second-, and Third-Level Accounting Controls & Deploy in the System
Turn regulatory requirements into strategic advantages. Implement a comprehensive and harmonised control strategy to secure your accounting operations:
- Centralise your data, irrespective of its origins or formats (ERP systems, currencies, accounting frameworks, languages)
- Customise your accounting control programmes: adapt them to all group entities by clearly defining roles, responsibilities, scope, and methods of execution
- Ensure seamless collaboration with a unified platform: track workflows, justifications, annotations, and documents (invoices, contracts) in an integrated environment
- Guarantee an exhaustive audit trail: combine transparency and traceability for every control performed
Managing and Monitoring Detected Anomalies
Ensure rigorous management of accounting anomalies to maximise traceability and the quality of your analyses:
- Identify each anomaly individually with precise documentation
- Conclude control activities with tailored action plans to address detected anomalies
- Support your decisions with detailed and consistent reports on control campaign results
A clear, easy-to-use platform tailored to your organisation, teams, and priorities.
An international trend towards greater corporate financial transparency
Governments have been taking steps to make corporates take greater responsibility for preventing corruption. We see this particularly in Europe, where the French and UK governments have introduced new laws.
In France, Sapin II is in effect and enforced by the French Anti-Corruption Agency. The aim is to combat all forms of corruption, including misappropriation of funds, money laundering, influence peddling etc.). Compliance is mandatory for companies of a specific size, based in France or their subsidiaries.
The UK Government has also increased corporate accountability in an effort to reduce economic crime. Most recently, the Economic Crime and Corporate Transparency Act (ECCTA), requires large organisations in the UK to demonstrate they have “reasonable fraud prevention measures” in place, or face significant penalties, including unlimited fines, reputational damage and legal actions.
This builds on the UK’s anti-Bribery Act and the Criminal Finances Act, which also hold corporations responsible for a failure to prevent bribery and tax evasion, even if the incident occurs in a third-party or a subsidiary.
