If you are an Internal auditor, fraud examiner, CPA, controller or accountant and need fraud detection analytic tools to help with employee fraud investigations, business of financial fraud audits or reviews, our analytics engine can help you.
We run over 10 separate test will just the basic data. In fact over half the test for employee, payroll, accounts payable, check, and business fraud are run with just check data, check amount and payee. Here are the tests we run:
single and double digits
(you set the similarity percentage)
(US Holidays included)
(you set the limits)
(also helps identify vendors putting stress on the business)
(you select the search words like PO Box, or consultant)
Once the data is imported, you can review and identify transactions that may need further investigation. Our fraud analytics tool will help you save time and money when searching for employee fraud, payroll fraud, vendor or accounts payable fraud.
Why Us? We have developed these employee, payroll, check, and accounts payable fraud tests with over 25 years of experience in public accounting and in public and private businesses dealing with internal controls and fraud. We are Controllers, CFOs, CPAs and internal auditors. Instead of pouring over thousands of lines of transactions, we load the data into our fraud analytics system and the tests are generated automaticly.
The median duration for all of fraud cases is 16 months and the longer a fraud goes undetected, the larger the scheme will grow. Fraud can be especially devastating to small businesses. They lose almost twice as much per fraud scheme than larger companies. Data monitoring, analysis and surprise audits were correlated with the largest reductions in fraud loss and duration. Yet, only 37% of victim organizations implemented these controls
Chief Data & Technology Officer