Welcome to the world of financial security redefined. At Creednz, we understand that the intricacies of corporate finance are not just about numbers and spreadsheets; they are about safeguarding the lifeblood of your organization—your finances. In an era where the financial landscape is increasingly vulnerable to threats, we are proud to introduce ourselves as your staunch ally in the battle against B2B payment scams and financial fraud.
As we prepare to attend the Association for Finance Professionals (AFP) Conference in San Diego from October 22 to 25, 2023, we invite you to embark on a journey with us—a journey that promises to revolutionize the way corporations manage their finances.
In this blog post, we will provide an in-depth look at who we are, what we do, and most importantly, the problems we solve. Join us as we unveil Creednz, your guardian in the realm of corporate finance.
Our mission at Creednz is simple yet profound: We safeguard corporate finances by preventing B2B payment scams. In an age where financial fraud has become increasingly sophisticated, we have made it our duty to stand as the first line of defense for your organization’s financial well-being. With our expertise and cutting-edge technology, we aim to fortify your financial operations against the ever-evolving threats that surround them.
Creednz is not just another player in the financial security arena; we are the pioneers of a new era in financial protection. We empower finance teams to make informed payment decisions in real-time, armed with a potent combination of internal financial data and externally curated intelligence.
Our approach is rooted in data, intelligence, and speed. By leveraging internal financial data sets enriched with external insights, we provide your finance team with the tools they need to navigate the complex web of financial transactions with confidence and accuracy.
At Creednz, we are acutely aware of the challenges that modern finance departments face.. We’ve identified the pain points that, more often than not, keep finance professionals awake at night. Here’s how we address them:
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Reducing the Risk of Fraudulent Transactions: In recent years, a startling 88% of companies have fallen victim to financial fraud. We make it our mission to reduce the risk of fraudulent transactions and internal financial scams. With our advanced technology and data-driven approach, we provide a robust defense against the ever-present threat of fraudsters. | |
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Streamlining Data Validation: The manual methods currently in use to validate financial data in the supply chain are not just outdated; they’re a drain on resources and efficiency. Creednz steps in to lower the administrative overhead required to validate changes with sensitive financial data. We believe in working smarter, not harder. | |
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Enhancing Payment Lifecycle Visibility: Many organizations grapple with a lack of visibility into the payment lifecycle within their own walls. Creednz takes this challenge head-on by monitoring and improving the full payment flow life cycle within a company. We start from vendor creation, ensuring that every step of the process is transparent and under control. | |
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Minimizing Internal Department Conflicts: uptdated validation methods often lead to delays, which, in turn, cause internal disputes among various departments. Creednz expedites approvals, easing this process, and promoting harmony among different parts of the organization. We believe that efficient operations lead to a more productive and collaborative environment. |
At Creednz, we’re not just another player in the financial security game. We stand out from the crowd, and here’s how:
What sets us apart is the fact that our approach breaks down conventional silos in corporate finance. When you follow the payment flow at most corporate finance departments, you will see a wide range of departments that deal with the transactions; starting with procurement, vendor management, IT Finance, Accounting and treasury.
Just like every process that has multiple participants, inherently it has multiple weaknesses. The main weaknesses are all due to the manual process that is involved with tasks that support updating and approving transactions.
That is where Creendz enters the scene, we visualize the entire process of payments process at corporations across the various systems. Next we utilizes a wide range of external information sources that work alongside with hundreds of proprietary risk analyzers that look for suspicious patterns and alert corporate finance staff risks that can lead to monetary loss due to errors, and fraud
Meet the team at the AFP Conference in San Diego from October 22 to 25, 2023, we invite you to explore the world of financial security redefined. With Creednz by your side, you can embark on a journey towards financial peace of mind, streamlined operations, and fortified defenses against financial threats.
Stay tuned for more insights and updates as we unveil the future of financial security.