Why it Works 2017-05-25T09:53:01+00:00

Why It Works

Studies show that disclosures and fraud reporting by employees is the most effective method of fraud detection and that employee ‘tip offs’ are more likely to detect fraud ahead of internal and external audits. Organisations which, through unequivocal leadership, foster a workplace culture of transparency, aided by a reporting system such as Report It Now™, will have a higher success rate of preventing the effects of dishonest behaviour, than organisations which don’t.

Report It Now‘s Case Management System is an effective disclosure management system which allows your employees to report unethical conduct in the workplace. Businesses that have implemented a robust reporting system have found a lower – or non-existent – level of dishonest and unethical behaviour among their staff, while significantly improving trust and confidence in their organisation.

Furthermore, one of the greatest benefits to organisations of having a whistleblowing system in place is that employees realise dishonest behaviour that can impact on all facets of a business, is taken seriously. By implementing a system, such as Report It Now’s Case Management System, incidents are dealt with by rigorous assessment, investigation, and ultimately, action.

Risk Management

Reducing risk of any kind is paramount to the success of an organisation. Businesses with an internal fraud reporting hotline reduced internal theft and fraud by up to 50% through early detection. The deterrence effect created by the presence of an independent reporting system has considerable benefits to your organisation.

Our confidential and secure Case Management System is accessible and trusted by employees, contractors and other parties working at all levels.

What’s more, it helps you remain compliant with the Protected Disclosures Act 2000 and ICANZ Financial Disclosures.

Establishing policies and procedures in relation to ethics management can have a strong behavioural effect among employees. By safeguarding confidentiality with an independent reporting hotline, staff are prepared to raise the alarm early to prevent fraudulent and dishonest activity.
Bullying affects business productivity and is a workplace hazard. Implementing a system which allows for staff to anonymously report undesirable behaviour can reduce the incidence rate of bullying and make for a healthier and more productive work environment.
Educating staff on health and safety in the workplace is essential for providing a risk-free environment. Report It Now enables your staff to report unsafe behaviour before it becomes a significant risk to your business and employees.
Employees are now rating ethical practices as highly important in their willingness to work for or stay at a company. Implementing Report It Now’s ‘CASE MANAGEMENT SYSTEM’ demonstrates your organisaton’s commitment to upholding professional conduct in the workplace and encourages best practice. (Ernst Young Asia Pacific Fraud study 2015).
Research shows employees are more likely to report unethical behaviour via an independent and confidential service. Staffed by an external, impartial third-party, Report It Now gives employees multiple ways to report misconduct as it is witnessed.
Report It Now’s ‘CASE MANAGEMENT SYSTEM’ enables employees to feel comfortable and confident about reporting unethical behaviour knowing their identity will remain anonymous (if they wish). This significantly reduces the risk to your organisation imposed by unethical activity.
Report It Now provides concise quarterly reports to your ethics committee or nominated company representative(s). We also provide advice, interpretation and recommendations on data and benchmarking across similar industries, enabling you to identify potential trends affecting your organisation.
Report It Now operates with a secure server and web storage facility which protects any information disclosed by the reportee about the incident and your organisation. We also have a privacy policy that does not disclose any personal information without employee consent.
Employees are more likely to report unethical behaviour and wrongdoing if they have a choice in how they do it. Report It Now makes it easy with a 24-hour phone hotline, text messaging, mail and online form.

Employees Tip the Balance

A recent study found that tips from employees were the most effective factor when detecting ethics violations within organisations that had a whistleblower service like Report It Now™. Over 40% of all cases were detected from a tip, more than twice the rate of any other method. The same study found employees accounted for nearly half of all tips that led to discovery of fraud.

47%

47.1% of ethics violations discovered through tips

40%

40% of all cases were detected by a tip, more than twice the rate of any other detection method

50%

Employees accounted for nearly 50% of all tips that led to the discovery of fraud

Organisations with independent hotlines are more likely to catch fraud by a tip off, data shows this is the most effective way to detect fraud. These organisations also experience frauds that were 41% less costly, and detected frauds 50% more quickly.

– 2010 AFCE Study

“Report It Now’s whistleblowing hotline has provided our employees with a secure, independent system where they can report unethical behaviour. In an industry where fraudulent activity can occur, their service has saved us thousands of dollars over the years.”
Restaurant Brands NZ Limited

To learn more about Report It Now™ and the customised service platform we can provide for your business –
contact us today!