Duzon Bizon Launches 'Amaranth Ten Suspicious Transaction Detection Service'

[Asia Economy Reporter Jang Hyowon] Duzon Bizon (CEO Kim Yongwoo) announced on the 10th that it has launched the corporate integrated fund management solution "Anomalous Transaction Detection Service" based on the all-in-one business platform Amaranth 10. This is a digital transformation (DX) service focused on innovation in internal control management, such as preventing accounting fraud.

The Financial Supervisory Service provides checkpoints for preventing accounting fraud for small and medium-sized enterprises, including ▲clear division of duties for funds and accounting ▲unexpected inspection of cash and bankbook balances ▲immediate termination of dormant accounts ▲mandatory manager approval for cash withdrawals ▲separate storage of bankbooks, corporate cards, seals, and securities ▲constant job rotation ▲external audit of financial status.

For this, an advanced solution capable of managing and monitoring the entire fund transaction system is required. Amaranth 10's "Anomalous Transaction Detection Service" is a solution equipped with artificial intelligence (AI) technology that allows real-time monitoring of all corporate fund transaction processes anytime and anywhere, detecting anomalous transactions. It was developed to enable companies that find it difficult to control fund transactions using IT due to system absence or manpower shortage to proactively respond to these issues.

As a solution implemented based on Amaranth 10, the key point is its linkage with ERP designed to fit the corporate management environment. All information from actual fund planning to daily fund reports and payment transfer details is connected in one system, enabling real-time fund transaction control and fund forecasting for companies.

In particular, the automated AI method eliminates data input errors, making it effective for corporate fund management. By automating daily fund report preparation and reporting tasks, unnecessary work is removed, shortening the time required. Another key feature is the use of an AI-based platform to digitize and integrate management of routine supporting and approval documents such as prior approval forms, card receipts, expenditure resolutions, and expense claims.

It is also convenient due to free interconnection among mobile devices, tablet PCs, and other devices, allowing use without time and space constraints. AI reports automatically generated based on actual transaction details can be easily and quickly exchanged, and indicators necessary for decision-making can be promptly secured at any time.

It is equipped with multiple layered devices to prevent fund accidents. Real-time control is possible through verification of expenditure resolution details and attached supporting documents before approval or fund execution, and cross-verification among responsible personnel prevents intentional fund transfers, enabling transparent and highly reliable fund execution. Step-by-step approval management controls information changes, and the anomalous transaction automatic detection process analyzes transaction patterns and immediately warns the account owner's server upon detecting suspicious accounts, thereby preemptively eliminating risks.

Jiyonggu, head of the Solution Business Division, said, "Internal control in companies starts from all organizational work processes, so a fund management service capable of real-time fund forecasting through data linkage is essential," adding, "Amaranth 10 Anomalous Transaction Detection Service, which helps companies manage funds safely, is a solution that can catch both the innovation of digital transformation and fund management."

This content was produced with the assistance of AI translation services.