Most frauds slip through because audit teams can sample only a fraction of what's happening.
konaAI watches everything.
Manual sampling cannot detect what it does not see. konaAI monitors 100% of vendor, employee, and customer transactions continuously, detecting the fraud patterns, compliance gaps, and control failures that only become visible when you stop sampling and start monitoring everything.
KonaAI // Live Active
48,231
Txns Today
34
Flagged
99.1%
Auto-Cleared
Live Activity
Vendor_INV_7724 — Split Txn Pattern
now
High Risk
EMP_T&E_Mendez — Duplicate Receipt
4m
Review
Customer_CR_8821 — Unauthorized Disc.
11m
Review
Vendor_PO_3301 — Conflict of Interest
1h
Escalated
Employee_EXP_4422 — Policy Compliant
2h
Cleared
Agent Insight: Vendor INV-7724 shows split invoice pattern — 4 invoices just below $25K approval threshold in 48hrs from same vendor. Cross-reference with employee EM-0441 shows undisclosed vendor relationship. Case package routed to Audit Lead.
Fraud hides in those transactions
which your team is not reviewing.
The average fraud scheme runs 12 months before detection. The average internal audit team reviews between 5 and 10 percent of transactions per cycle. The arithmetic is not in your favor. konaAI changes it, permanently!
CPO / Head of Accounts Payable
Vendor fraud and billing manipulation accumulating across thousands of invoices that sampling logic will never reach
Duplicate vendor payments, split transactions designed to stay below approval thresholds, ghost invoices, and inflated billing on low-scrutiny categories. These fraud patterns accumulate quietly across the transactions that your team samples last, or never.
42%
Of occupational fraud involves billing schemes, median loss of $100K+
Chief Compliance Officer / Head of Internal Audit
Employee expense fraud and policy violations invisible to audit cycles that review quarterly samples
T&E abuse, personal expenses submitted as business costs, duplicate reimbursements with minor variations, and conflicts of interest that only show up when you cross-reference employee spending against vendor relationships. Manual review cannot do that cross-referencing at scale.
5%
Median revenue lost annually to occupational fraud per the ACFE
CFO / Chief Risk Officer
Customer billing errors and revenue leakage that your O2C process is generating rather than detecting
Pricing exceptions, unauthorized discounts, billing at outdated rates, and credit memo abuse. The Order-to-Cash (O2C) process generates significant revenue leakage that no one sees until it shows up as an unexplained variance in a quarterly close.
$3.5T
Estimated global fraud losses annually
General Counsel / Head of Compliance
Regulatory compliance violations accumulating before they surface in an external audit or enforcement action
FCPA violations, sanctions exposure, segregation-of-duties failures, and anti-corruption policy breaches rarely surface through periodic review. They surface when a regulator asks. konaAI makes your team the one asking first.
CRO / Head of Third Party Risk
Supplier and distributor conduct that creates regulatory & reputational exposure that your procurement process cannot see
Vendor-related corruption risk, conflict-of-interest arrangements between employees and suppliers, and distributor conduct that implicates your compliance program. The relationships in your vendor master carry risk that invoice-level review cannot surface alone.
Head of Internal Audit / Audit Committee
Audit coverage that represents a tiny fraction of actual transaction volume, leaving the board unable to assert meaningful oversight
When the audit function samples 5 to 10 percent of transactions, the board cannot meaningfully state that the organization has adequate internal controls. The 2025 IIA Standards require continuous monitoring. konaAI is how audit teams deliver on that requirement.
100% of Transactions.
Continuous, automated, defensible.
Step 01
Connect Your Data
konaAI connects via file extract, API, or direct integration to SAP, Oracle, Workday, and your other enterprise systems. Vendor master, employee records, GL data, and transaction history are ingested and normalized, typically live within weeks of engagement start.
Step 02
AI Risk Scoring
Hundreds of pre-built, continuously updated detection tests run across every transaction simultaneously. ML models score risk by category, P2P, T&E, O2C, and flag anomalies, duplicate patterns, policy violations, and relationship conflicts in real time.
Step 03
Exception Prioritization
konaAI produces a ranked list of the exceptions most likely to represent actual fraud, waste, or abuse, with the evidence already assembled, so that your team investigates findings rather than building cases from scratch.
Step 04
Case Management & Reporting
Confirmed findings flow into an integrated case management workflow. Investigations are tracked, dispositions are documented & the full audit trail is maintained for regulatory submissions, enabling generation of compliance dashboards automatically.
Three 360° modules. Every relationship your organization depends on, monitored.
konaAI covers the three transaction ecosystems where fraud concentrates: vendors (procurement and AP), employees (T&E and HR), and customers (O2C and billing). Each module runs continuously, without sampling, across 100% of transactions.
Vendor Intelligence
Vendor 360°
Full-spectrum continuous monitoring of vendor behavior across procurement and AP. Detects duplicate invoices, split transactions, conflict-of-interest arrangements, FCPA risk signals, and billing pattern anomalies across the full vendor population, including your highest-spend relationships.
Employee Intelligence
Employee 360°
Monitors employee spending across T&E, procurement approvals, and HR data for policy violations, duplicate reimbursements, and behavioral patterns that correlate with higher fraud risk. Cross-references employee data against vendor master to surface undisclosed relationships.
Customer Intelligence
Customer 360°
Secures the full Order-to-Cash cycle from onboarding to ongoing transaction monitoring. Identifies unauthorized discounts, billing at non-contracted rates, credit memo abuse, and revenue leakage patterns that silently erode the margins your sales team worked to protect.
Detection Engine
900+ AI Risk Tests
Pre-built, academically validated detection algorithms covering procurement-to-pay, travel and entertainment, and order-to-cash. Each test is continuously updated as new fraud patterns emerge. The library was developed in collaboration with MIT, Harvard Business School, and ACFE practitioners.
Case Management
Integrated Case Manager
Turns flagged exceptions into structured investigations. Evidence is pre-assembled, risk scores are explained, and case workflows route to the appropriate investigator with full context. Outcomes are tracked, dispositions documented, and institutional knowledge captured for model improvement.
Compliance Reporting
Compliance Dashboard
Real-time dashboards aligned to DOJ Compliance Program guidance, COSO, and ACFE frameworks. Demonstrates to regulators, auditors, and boards that your compliance program is continuous, monitored, and evidence-based, not just well-intentioned.
100%
Transaction monitoring coverage. Each and every vendor payment, employee expense & customer invoice tracked.
konaAI Platform
$1T+
In financial transactions processed across konaAI enterprise deployments worldwide.
Covasant, 2025
5%
Median annual revenue lost to occupational fraud. For a $500M business, that is $25M, most of it is invisible to periodic audit.
ACFE Report, 2024
8x
Faster from data to investigable finding versus traditional audit analytics workflows, reducing investigation cycle times from 8–10 weeks to days.
konaAI Deployment Data
The same fraud risk across every industry
addressed at the velocity AI makes possible.
konaAI is configured to the specific transaction types, control frameworks, and regulatory obligations of your organization. The detection engine understands your industry at depth, not just some generic fraud patterns.
Internal Audit and Compliance
Stop sampling. Cover every transaction. Give your audit committee what continuous monitoring actually means.
konaAI enables internal audit teams to move from periodic sampling to continuous 100% transaction coverage, aligned to the 2025 IIA Standards Principle 10. Audit resources shift from evidence gathering to genuine risk analysis. Your audit committee can state, credibly, that all the transactions are monitored continuously.
Chief Audit Executive and Compliance Leaders
Procurement and Accounts Payable
Fraud in your vendor base that AP sampling was never designed to detect.
konaAI monitors 100% of vendor transactions, detecting duplicate invoices, conflict-of-interest arrangements, FCPA risk, and billing pattern anomalies in real time. Your AP team reviews confirmed exceptions rather than manually sampling an inevitably incomplete set of transactions.
CPOs, CFOs, and AP Leadership
Regulatory Compliance Programs
Replace annual compliance reporting with continuous monitoring that satisfies what regulators now actually expect.
Regulators and enforcement agencies expect evidence of continuous monitoring, not documentation of periodic review. konaAI produces the real-time compliance evidence that your DOJ, SEC, and FCPA compliance programs require, organized around the frameworks that your regulators recognize.
General Counsel and Compliance Officers
Financial Services and Banking
Transaction monitoring at the scale and speed that financial institution volumes demand.
konaAI processes millions of transactions across P2P, T&E, and O2C simultaneously, at the volume and velocity that financial institutions require. Continuous controls monitoring across SOX, internal controls, and regulatory expectations is maintained without adding headcount to the audit or compliance function.
Financial Institution Risk and Compliance Teams
Connects to the enterprise systems that you already run.
ERP and AP Integration
Financial Systems
HR and Employee Data
CRM and O2C
Case Management
Data Integration
Three ways in which konaAI transforms
your risk program.
konaAI connects to your enterprise systems and is configured to your specific fraud risk profile, regulatory obligations, and audit methodology. Most organizations are live with continuous monitoring within four to six weeks.
01
Technology and Audit Analytics Teams
Build your own continuous monitoring platform on CAMS.
Your team has the audit and compliance domain expertise. The Covasant Agent Management Suite (CAMS) provides the agent infrastructure. Build fraud detection specific to your transaction types, risk thresholds, and control environment, with governance and auditability built in from day one.
- Agent Studio for custom fraud detection workflows
- Pre-built connectors to SAP, Oracle, Workday, and major ERP systems
- AgentEval to validate detection accuracy before production deployment
- 900+ pre-built risk tests available as configurable building blocks
- Full audit trail for every agent decision, explainable and defensible
02
CCOs, CAEs, and Finance Leaders
Deploy konaAI, configured for your systems, your risk profile, and your regulatory obligations.
konaAI is production-ready. We configure it for your specific ERP integrations, transaction categories, and compliance frameworks. Most organizations go from engagement start to live continuous monitoring within four to six weeks.
- ERP integration with your SAP, Oracle, or other financial systems
- Detection configuration for your specific P2P, T&E, and O2C risk areas
- Compliance framework alignment to DOJ, COSO, ACFE, and regulatory guidance
- Board-level compliance dashboards configured to your governance calendar
- Continuous model improvement based on your confirmed fraud findings
03
Regulated Industries with High-Volume Transaction Risk
Bring us your fraud risk challenge. We build the solution on CAMS.
A custom compliance monitoring platform for a new market entry, a sector-specific fraud detection system for a regulated subsidiary, a continuous monitoring product built for your specific transaction ecosystem. You bring the domain knowledge. We build the solution.
- Fraud risk assessment across your specific transaction categories
- Custom detection model development for your highest-risk areas
- Integration with your fraud case management and investigation systems
- Regulatory evidence packaging for your specific compliance obligations
- Continuous model improvement based on your confirmed fraud patterns
Questions audit and compliance leaders ask us
If your question is not here, our team will answer it directly.
Talk to a Specialist →How does konaAI integrate with SAP, Oracle, and other ERP systems?
konaAI integrates through file extracts, API connections, and direct system integrations. The platform supports all major ERP environments including SAP (S/4HANA and legacy), Oracle, Workday, and Microsoft Dynamics. The CAMS Data Ingestion layer handles data normalization across systems. Most enterprise integrations are live within four to six weeks of engagement start. konaAI does not require write access to your systems as it reads transaction data without affecting system operations.
How does konaAI handle the false positive problem that makes traditional fraud analytics so noisy?
konaAI applies machine learning (ML) to continuously improve detection accuracy based on how your team dispositions exceptions. When your investigators confirm or dismiss a flagged transaction, the models update to improve future precision for your specific environment. Most customers report a significant reduction in false positive rates within 90 days of deployment, as the system learns the specific patterns that represent genuine risk in your transaction universe.
Does konaAI support the 2025 IIA Standards requirements for continuous monitoring?
Yes, konaAI is specifically designed to enable internal audit functions to demonstrate compliance with the 2025 IIA Standards, including Principle 7 (Information Management) and Principle 10 (Monitoring and Continuous Improvement). The platform provides the continuous data access, real-time monitoring capability, and defensible documentation that the updated standards require. Many CAEs use konaAI as the primary evidence of their continuous monitoring program in IIA quality assessments.
What transaction categories and processes does konaAI cover out of the box?
konaAI comes with pre-built detection coverage for Procure-to-Pay (vendor payments, invoice processing, purchase orders), Travel and Entertainment (expense reports, card transactions, reimbursements), and Order-to-Cash (customer billing, credits, discounts, returns). The platform includes 900-plus pre-built risk tests covering anti-corruption, anti-fraud, policy compliance, segregation of duties, and anomaly detection across all three categories. For industry-specific processes, additional detection configurations are built during the implementation engagement.
How does konaAI demonstrate the ROI of the compliance program to the board and C-suite?
The konaAI Compliance Dashboard generates board-ready reporting that quantifies prevented losses, detected anomalies, and compliance program effectiveness in business language, not technical metrics. This includes trend analysis, risk concentration by category, and the financial value of exceptions identified and resolved. Many compliance leaders use these outputs as the primary evidence in board and audit committee presentations to demonstrate the measurable value of the compliance function.
konaAI · Built on CAMS by Covasant
Your fraud risk program covers 5% of transactions. The other 95% is where the losses are.
See how konaAI monitors 100% of vendor, employee, and customer transactions in real time, detecting the fraud patterns that sampling-based audit was never designed to find.