Phulaxis solution allows organizations meet their Basel II operational risk requirements by continuously monitoring and identifying internal control violations for

		Limiting internal fraud
		Reducing external fraud
		Best practices in clients, products and business practices
		Decreasing avoidable system failures
		Enforcing execution, delivery and process management best practices

Phulaxis provides a comprehensive, continuous central audit of configurations, database accesses, and DBA activities and records, and a complete audit trail of all these. It monitors all transactions, and detects violations based on best practice parameters and thresholds. The solution comes with out-of-the-box best practice checks for key transactions. Phulaxis provides integrated, comprehensive and sophisticated reporting, to centrally manage databases, applications, and operating systems. To ensure instant visibility into policy violations Phulaxis provides flexible rules based notifications of policy violations to relevant personnel.

Phulaxis integrates out-of-the-box with popular service request systems like Remedy, to enable quick turnaround time for fixing policy violations.