Fraud Detection & Prevention

Instances of Fraud are on the rise for many large companies, as those who commit fraud are becoming increasingly sophisticated in their endeavors. Because of this, businesses must employ a comprehensive system to identify potential sources of fraud and stop active abuses as quickly as possible.

Within the DataShark Tool, there are integrated analysis and reporting components specifically targeted towards fraud. Identifying suspicious Vendor Master Files, common employee and vendor identification numbers/addresses, and questionable transactions all lead the way to rooting out fraud within an Accounts Payable department.

While A/P Managers and CFO’s hope that fraud will not touch their organization, all companies are susceptible and those who commit fraud will seek to exploit any weakness in business processes. By incorporating on-going fraud prevention and detection tools, businesses can harness maximum control over this type of loss.

 

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