About Alessa

Alessa is an AML compliance, continuous controls monitoring and fraud detection software that allows organizations to identify suspicious transactions and high-risk customers and vendors in compliance, finance, purchasing, and procurement programs. Alessa's early risk detection tools enable organizations to investigate suspicious activities, make informed decisions, and automatically create an audit trail to maintain compliance with regulations.

Alessa is a versatile and modular solution that can be quickly integrated with existing infrastructure and scales with organizations as their size and needs grow. It also offers in-depth functionalities, which allows organizations to use one solution for all their continuous controls monitoring, compliance, and fraud prevention needs.

Alessa includes advanced, AI-driven analytics to detect complex fraud schemes across departments and systems. It provides simple and configurable workflows that guide employees through policies and processes. The case management tools can be used across multiple departments for investigations, remediation, and enrolling the entire organization in a culture of compliance.

Key benefits of Alessa

Reduce revenue losses due to fraud with the advanced analytics offered by Alessa.
Detect irregular, unusual, suspicious and out-of-policy payments with Alessa's transaction monitoring capabilities.
Maintain effective compliance to anti-money laundering (AML) regulations.
Reduce time spent to investigate and report irregular activities to regulators with automated regulatory reporting.
Reduce the risk of doing business with high-risk individuals and businesses with Alessa's sanctions and watch list screening capabilities.

Devices

Business size

S M L

Markets

Antigua & Barbuda, Argentina, Barbados, Belgium, Bolivia and 35 others, Bahamas, Belize, Canada, Chile, Colombia, Costa Rica, Cuba, Germany, Denmark, Dominica, Dominican Republic, Ecuador, Spain, United Kingdom, Grenada, Guatemala, Honduras, Haiti, Ireland, Jamaica, St. Kitts & Nevis, St. Lucia, Mexico, Nicaragua, Netherlands, Norway, Panama, Peru, Paraguay, Sweden, El Salvador, Trinidad & Tobago, United States, St. Vincent & Grenadines, Venezuela

Images

Alessa dashboard
Alessa report details
Alessa suspicious transactions
Alessa prospect profile
Alessa screening report
Alessa due diligence
Alessa message center
Alessa regulatory reports
Alessa screening history
View 10 more
Alessa video
Alessa screenshot: Alessa dashboard Alessa screenshot: Alessa report details Alessa screenshot: Alessa suspicious transactions Alessa screenshot: Alessa prospect profile Alessa screenshot: Alessa screening report Alessa screenshot: Alessa due diligence Alessa screenshot: Alessa message center Alessa screenshot: Alessa regulatory reports Alessa screenshot: Alessa screening history

Features

Total features of Alessa: 40

  • API
  • Activity Dashboard
  • Behavioral Analytics
  • Case Management
  • Check Fraud Detection
  • Compliance Management
  • Compliance Tracking
  • Configurable Workflow
  • Custom Fraud Rules
  • Customer Accounts
  • Data Discovery
  • Financial Transaction Approval
  • For Banking
  • For Insurance Industry
  • Fraud Detection
  • Identity Verification
  • Internal Fraud Monitoring
  • Investigation Management
  • Monitoring
  • PEP Screening
  • Performance Management
  • Performance Metrics
  • Procurement Management
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Reporting & Statistics
  • Reporting/Analytics
  • Risk Alerts
  • Risk Analytics
  • Risk Assessment
  • Risk Management
  • SARs
  • Scheduling
  • Transaction History
  • Transaction Monitoring
  • Watch List
  • Workflow Management

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Reviews

Overall rating

4,3 /5
(27)
Value for Money
4,1/5
Features
4,1/5
Ease of Use
4,3/5
Customer Support
4,5/5

Already have Alessa?

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Showing 5 reviews of 27
Ashwini S.
Overall rating
  • Industry: Financial Services
  • Company size: 10 000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Cutting edge software

Reviewed on 2020/05/15

I have worked in Alessa for over five years. What I loved about the company is that it has strong...

I have worked in Alessa for over five years. What I loved about the company is that it has strong culture with great values. The company takes effort to discuss with employees their personal as well professional challenges.

Pros

Ability to identify and take actions on the flaws or loop holes in the business process and further improve it.

Cons

Every software needs new features. The development team is constantly taking feedback and new user stories to improve the experience and usability.

Response from CaseWare RCM

Hi Ashwini, We appreciate the review! Understanding the customer's business process is an integral part of the process; thank you for highlighting it as a pro. Like any other software, there is always more features that we want to add. We very much depend on people like you to understand the requirements and prioritize their implementation. Thanks again!

Christian S.
Overall rating
  • Industry: Education Management
  • Company size: 1 001-5 000 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Saves a lot of manual working time due to automatic business processes!

Reviewed on 2020/06/25

Overall, this software allows us to perform significantly more controls than would be possible...

Overall, this software allows us to perform significantly more controls than would be possible manually. Thereby, we significantly improved our compliance and risk management system for accounting and taxation issues.

Pros

This software is easy to learn and use for all responsible employees in the company (in particular employees in our accounting department). So we didn't need to spend much money for user trainings and could start very soon. Furthermore, we saved a lot of working time since implementing this software due to changing many data checks from Manual to automatic.

Cons

Fine tuning of the controls was hard work and it took a lot of time to customize all attitudes to our business specifications. But after this fine tuning was done it works very well and we got the spended time back due to the pros of the automatization process.

Response from CaseWare RCM

Thank you for the detailed review, Christian! We appreciate learning how Alessa allowed you to automate some of your processes and saves time for your employees. It is also very interesting that Alessa allowed you to implement more controls and significantly improve your compliance and risk management for accounting and taxation issues. Thank you for being a customer and providing your perspective on how Alessa helps your organization!

Gabriela Q.
Overall rating
  • Industry: Retail
  • Company size: 1 001-5 000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

Alessa

Reviewed on 2020/05/29

Alessa nos permite tener visibilidad de lo que está pasando en los procesos de negocio y poder...

Alessa nos permite tener visibilidad de lo que está pasando en los procesos de negocio y poder aprender del comportamiento del negocio para realizar auditorías mejor enfocadas.

Pros

Lo que más valoramos de la solución que tenemos con Alessa es la automatización que logramos para monitorear controles de procesos de negocio y tener alertas cuando dichos controles tengan un comportamiento inusual.

Cons

El tema de estadísticas debe ser mejorado, la cantidad de datos que Alessa genera permite analizar patrones de comportamiento de las alertas que sin duda aportaría muchísimo valor a los usuarios de la herramienta.

Response from CaseWare RCM

!Gracias por su comentario Gabriela! Nos alegra saber que estas viendo los beneficios de la automatizacion de los procesos de negocio y que eso les permite aprender del comportamiento del negocio para realizar auditorias mejor enfocadas. Algunos de nuestros otros clientes tambien han conseguido los mismos resultados. Con respecto a tu necesidad de mas estadisticas y de mayor profundidad, un miembro de nuestro equipo te contactara para ver si los reportes con los que Alessa cuenta asi como la capacidad de crear otros personalizados utilizando SQL Server Reporting Services podria ayudarte a obtener los resultados deseados. Tambien tenemos nuevas capacidades para generar visualizaciones y tableros de control directamente desde los datos almacenados en Alessa que podrian interesarte. !Gracias de nuevo!

Michelle F.
Overall rating
  • Industry: Banking
  • Company size: 1 001-5 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Great AML tool

Reviewed on 2021/02/23

My overall experience however has been a positive one as Alessa/Caseware provide excellent customer...

My overall experience however has been a positive one as Alessa/Caseware provide excellent customer support

Pros

Alessa helps my organisation detect high risk entities and activities early by creating alerts to be reviewed based on the parameters set.

Cons

Sometimes is moves a bit slow and presents with error messages. I have reported this on many occasions

Response from Tier1 Financial Solutions

Hi Michelle, Thank you for the review and we are thrilled to have you as a customer. We are glad to hear that our solution is able to alert your organization of high risk entities and activities! I am sorry to hear that sometimes the software is a little slow. We are continuously making enhancements to the product to improve the customer experience so your feedback is very helpful. Thanks again!

Rory B.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Alessa as a Continuous Monitoring Solution

Reviewed on 2020/05/12

Alessa is an excellent tool which has made its name in the Financial industry as an...

Alessa is an excellent tool which has made its name in the Financial industry as an all-encompassing Anti-Money Laundering solution. The tool looks to adapt to the many changes across different regulations and they have a team that are committed to serve the customer's needs.

Pros

In the software it allows you develop monitoring processes fully customizable to your needs.
It is data-driven and contains capabilities for creating an automated ETL as well as workflow management for handling various scenarios.

Cons

The software does require quite a bit of set up and consultation prior to initial use, this is necessary for the customized experience.

Response from CaseWare RCM

Hi Rory,
Thank you for the feedback! Being a highly configurable, data-driven software is a must for Alessa since we work with so many types of financial institutions and corporations. Thank you for acknowledging it as a strength of our solution.

You are right in that the solution does require set up and consultation prior to initial use. But like you said, that is necessary in order to get a solution that is customized to a customer's needs.

Rory, we appreciate your feedback and we look forward to continuing to work with you.

Showing 5 reviews of 27 Read all reviews

Alessa FAQs

Below are some frequently asked questions for Alessa.

Alessa offers the following pricing plans:

  • Starting from:
  • Pricing model: Subscription
  • Free Trial: Not Available

We do not have any information about Alessa features

Alessa has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

We do not have any information about what languages Alessa supports

Alessa supports the following devices:

Alessa integrates with the following applications:

Microsoft Azure, Microsoft Power BI, SAP Concur

Alessa offers the following support options:

Email/Help Desk, Knowledge Base, Phone Support, Chat

Related categories

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