Solution · Risk and Compliance

Your risk function is reactive. It should not have to be.

Quarterly reports. Annual audits. Risk registers updated six months after the events they are supposed to track. Enterprise risk today moves continuously. Covasant turns risk management from a periodic exercise into a real-time intelligence operation, so your team focuses on decisions rather than assembling data.

Continuous risk monitoring · live signals
 
Procurement anomaly · Vendor A
Duplicate invoice pattern detected across 3 entities
Flagged
 
Vendor risk score · 212 vendors
Daily refresh complete · 3 threshold changes
Updated
 
ARIA board report · Q3 risk summary
Generated in 4 minutes from live operational data
Ready
 
Regulatory change · SEC update
Impact mapped to 7 internal processes
Review
Where the gap exists

What keeps risk and compliance
teams on the back foot.

The challenge is not a lack of process or commitment. It is that most risk processes were designed for a slower, simpler environment. Enterprise risk today moves faster than quarterly review cycles can track, and the gap between when risk materialises and when it is detected is where the damage happens.

01 01 / Detection timing
Fraud, waste, and abuse are identified well after they occur

Internal audit reviews happen quarterly or annually. Fraud, waste, and abuse happen continuously. The average organisation loses 5% of revenue to these issues each year, most of it in the window between when it starts and when the next review cycle catches it.

02 02 / Third-party visibility
Annual vendor questionnaires cannot reflect a year of change

Your vendors complete an assessment once a year. A great deal changes in twelve months. Financial distress, security breaches, regulatory sanctions, leadership transitions. Your current process cannot reflect these changes until the next assessment cycle begins.

03 03 / Board reporting
Board risk reporting consumes weeks of effort to produce

Data pulled from six systems, manually formatted, reviewed, and packaged. By the time the board receives the report, portions of it are already partially out of date. The effort cost is substantial and the freshness of the output is limited by the time required to produce it.

04 04 / Regulatory pace
Regulatory environments change faster than compliance tracking can follow

Across BFSI, healthcare, and manufacturing, the pace of regulatory change has accelerated significantly. Manual compliance tracking cannot keep pace. One missed obligation can trigger an investigation. One investigation can define a decade of regulatory relationship.

05 05 / Enterprise-wide view
Risk is measured in silos rather than across the full enterprise

Operational risk, vendor risk, cyber risk, regulatory risk. Each function has its own tools, its own data, and its own threshold definitions. Leadership triangulates across disconnected reports to form any coherent picture, and often cannot reconcile what they find.

06 06 / Review capacity
Transaction and contract volume has outgrown manual review capacity

The volume of transactions, contracts, and third-party relationships your organisation manages grows every year. The capacity of your risk and audit teams does not grow at the same rate. The gap between what needs to be reviewed and what actually gets reviewed is where exposure accumulates.

Covasant risk products

Three products. One continuous risk intelligence operation.

Each product addresses a distinct dimension of enterprise risk. They work independently or as an integrated suite. All built on CAMS, so they share data, signals, and governance infrastructure from the start.

 
KonaAI Live
Internal Audit and FWA
Fraud · Waste · Abuse · Compliance Monitoring

Your Chief Audit Executive's team has historically reviewed a sample of transactions after the fact. KonaAI monitors 100% of transactions, invoices, approvals, and internal processes continuously. Anomalies surface with evidence attached, confidence scores, and recommended next steps. Audit transforms from a backward-looking function into a live intelligence operation.

What changes for your team
Your CAE focuses on decisions, not data collection. Findings come pre-documented with supporting evidence, making escalation and remediation significantly faster.
Fraud DetectionAudit Automation Waste and AbuseCompliance Monitoring
Explore KonaAI →
 
TPRM Live
Third-Party Risk Management
Vendor Risk · Continuous Assessment

Monitors your entire vendor and partner ecosystem continuously for financial, operational, cyber, and regulatory risk. Risk scores update daily. Alerts are immediate and actionable. Replace the annual questionnaire with a year-round intelligence layer.

Vendor ScoringSanctions Monitoring Daily Refresh
Explore TPRM →
 
ARIA Live
Agentic Risk Intelligence
Risk Augmentation · Board Reporting

Your CRO, CFO, and board ask risk questions in plain English. ARIA answers from live operational data with evidence, scenarios, and recommended actions. Board reporting goes from weeks of assembly to minutes of generation.

Natural LanguageBoard Reporting Scenario Analysis
Explore ARIA →
How it works

From raw data to
real-time risk intelligence.

CAMS handles the data infrastructure so KonaAI, TPRM, and ARIA concentrate on what they are designed for: detecting the risk signals that matter and putting them in front of the right people at the right time.

Step 01
Connect your enterprise data

ConnectCore reaches your ERP, CRM, financial systems, vendor databases, and transactional records without requiring a rip-and-replace of existing infrastructure.

Step 02
Clean and unify the data

AssuraDQ resolves duplicates and produces a single trusted record for every entity. Risk signals are only as reliable as the data behind them. This step ensures that reliability.

Step 03
Continuous pattern detection

AnomalyRadar and DocPulse monitor every transaction, document, and vendor record for deviations. Patterns surface with confidence scores and full supporting context.

Step 04
Actionable intelligence, not raw alerts

Risk events arrive with evidence, severity scores, recommended next steps, and regulatory context already attached. Your team acts on findings rather than investigating to produce them.

The cost of the status quo
Every week without continuous monitoring is a week
exposure is growing unseen.
5% Average revenue lost to fraud, waste, and abuse annually in organisations without continuous monitoring
$4.5M Average cost of a third-party data breach, not counting regulatory fines or reputational impact
197 Days average time to identify and contain a breach when third-party risk is not monitored continuously
Weeks Board risk report preparation time reduced to minutes when ARIA replaces manual assembly
Specific use cases

Risk problems Covasant
already solves.

Across BFSI, healthcare, manufacturing, and government, these are the specific scenarios where Covasant customers have deployed and are seeing results in production environments.

Internal Audit
Continuous transaction monitoring for FWA

Monitor 100% of procurement transactions, expense claims, and payment approvals in real time. Flag duplicate invoices, split approvals, ghost vendors, and out-of-policy spending without waiting for the next audit cycle to begin.

KonaAI
Third-Party Risk
Daily vendor financial and cyber health scoring

Your top vendors are monitored daily for financial distress signals, cybersecurity vulnerability disclosures, regulatory sanctions, ESG rating changes, and news sentiment. Risk scores update automatically. Your procurement and risk teams know before contracts renew.

TPRM
Board Reporting
Risk board pack generated from live data, not manual assembly

Your CRO asks ARIA: "What are our top five risk exposures this quarter and how have they shifted since the last board meeting?" ARIA answers from live operational data across your full risk estate. Board pack preparation transforms from days of work into minutes.

ARIA
Regulatory Compliance
Regulatory change monitoring and internal impact mapping

Track regulatory changes across your operating jurisdictions. When a new requirement is identified, ARIA maps the impact across your current processes, highlights the gaps, and recommends remediation steps. Your compliance team acts rather than discovers.

ARIAKonaAI
Built on CAMS

Why CAMS-built risk products see more than point solutions.

A standalone audit tool sees your audit data. KonaAI, built on CAMS, sees your ERP transactions, vendor records, approval workflows, and contract data simultaneously. The difference in what gets detected is not marginal. It is fundamental to how the product was designed.

Every Covasant risk product inherits the CAMS governance framework. Data lineage from source to decision. Bias detection. Audit trails. ControlTower oversight with an instant kill switch. Risk, compliance, and IT teams all operate from the same infrastructure.

Explore the CAMS Platform →
Before you invest in new risk tooling, understand where your governance framework stands today.
Take the AI Governance and Compliance Readiness Assessment →
🔗
Connects to every enterprise data source
SAP, Oracle, Salesforce, banking systems, and 20+ more via ConnectCore
🧹
Runs on trusted, clean data
AssuraDQ ensures every risk signal originates from a reliable, deduplicated data source
🛡️
Governance built in, not added on
Audit trails, bias detection, and ControlTower oversight come standard
💬
Business users interact in plain English
Risk leadership asks questions and gets evidence-backed answers. No SQL, no dashboards, no intermediaries.
Frequently asked questions

Questions risk and compliance leaders ask us

If your question is not here, our risk intelligence team will answer it directly. No sales scripts.

Talk to a risk specialist →

Reactive risk monitoring works in cycles, quarterly audits, annual vendor reviews, reports that reflect conditions from weeks ago. Continuous AI monitoring analyses 100% of transactions, vendor records, and operations in real time, closing the gap between when risk appears and when your team acts. For enterprise risk management, that timing difference is where financial exposure either accumulates or gets stopped.

KonaAI cross-references anomalies against your ERP, approval workflows, vendor records, and contract data simultaneously, so findings carry context rather than just a flag. This is what separates an enterprise AI compliance monitoring platform from a standalone rules-based tool. Each finding arrives with a confidence score and supporting evidence, so your team acts on genuine risk, not noise.

No. Agentic AI compliance tools handle the data collection, pattern detection, and report generation that consumes most of your team's capacity today. What they return is time for your compliance professionals to focus on regulatory judgement, escalation decisions, and stakeholder communication. The team's expertise becomes more valuable, not redundant.

ARIA pulls from live operational data across your full risk estate, so reports reflect current conditions rather than a manual snapshot assembled days earlier. Your CRO or CFO asks a question in plain English and ARIA returns a structured, evidence-backed answer with scenarios and recommended actions. What previously took days of cross-system data collection takes minutes, with full source traceability built in.

Covasant's risk products are deployed across BFSI, healthcare, and manufacturing, covering SOX, HIPAA, Basel III, DORA, and sector-specific sanctions and procurement compliance requirements. ARIA monitors regulatory change across your operating jurisdictions and maps new obligations against your current processes before they become violations. All products inherit the CAMS governance framework: data lineage, audit trails, and ControlTower oversight as standard.

Start with a risk cost assessment

Find out what undetected risk is costing your organisation today.

Use the Enterprise Risk Cost Calculator to estimate the financial exposure your current monitoring approach leaves unaddressed. Then speak with a Covasant risk specialist about how to close it.