Rimbun partners with Forestpin to promote Forestpin Analytics in Malaysia

Saturday, 19 November 2016 00:12 - - {{hitsCtrl.values.hits}}

Rimbun is an independent boutique corporate advisory firm established in 2004 specialising in niche Corporate Recovery, Project Rehabilitation and Forensic Investigation. It has seen years of successful partnerships with government agencies, private firms and non-governmental organisations towards rejuvenating assets by looking beyond the insolvency of a company with its work on rehabilitation of abandoned housing development projects and conducting series of in-house fraud prevention and awareness to institute better understanding of the risks at hand.

Rimbun’s Forensic team specialises in Prevention, Detection and Response to fraud related incidents. Its inception is based upon a strategic alliance with the Malaysian Association of Certified Fraud Examiners (MACFE) and collaboration between professionals from various fields of expertise relevant to the current Fraud Management Framework.

Forestpin is a Sri Lankan company that helps companies reduce operational risk by detecting data entry errors, data manipulation and possible fraud early enough for companies to act and reduce loss. Forestpin uses a series of outlier detection methods and offer analytics and alerts to companies. Forestpin was set up in 2015 in Sri Lanka to compete in the global market. John Keells Holdings PLC (JKH), Hemas Holdings and MAS Intimates have adopted Forestpin Analytics.

Rimbun has signed up to become a Forestpin customer after attending a product demonstration at the Association of Certified Fraud Examiners (ACFE) 2015 Asia Pacific Conference in Singapore and now have moved to become strategic partners of Forestpin to promote the product in Malaysia.

Through this partnership, the Forestpin Analytics software was launched to the Malaysian market during the Institute of Internal Auditors Malaysia (IIAM) National Conference 2016 on 10 and 11 October in Kuala Lumpur Convention Centre (KLCC), Malaysia.

The IIA National Conference is the premier conference for internal auditors and other audit professionals and attracted over 1,000 delegates representing both multinational organisations and governmental agencies.

One of the speakers at the IIA National Conference 2016, Dato’ Raveendra Kumar Nathan is a visionary leader and the Managing Principal of Rimbun Group. He presented a paper on ‘Using Data Analytics for Effective Audit Management’ to a packed audience where he shared his experience using Forestpin Analytics. He also sees potential in adopting the product across organisations and governmental agencies to enhance operational risk management.