The reality is that fraud is on the rise for all types of large companies. Unfortunately, those who commit it are becoming increasingly sophisticated in their endeavors. For this reason, it’s vital that your business employs a comprehensive system to identify fraud sources and stop them as quickly as possible. By doing so, you can save a great deal of time, money, and headaches. You may also be able to prevent a damaged reputation that can take a serious toll on your future.
DataShark: The Premiere Fraud Detection Tools
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.