Nightly monitoring to stop fraud before money leaves the door
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Gain the upper hand against vendor takeover fraud with automated monitoring, fraud detection alerts, and powerful analytics to safeguard your accounts payable operations.
Organizations using AI-powered means to trick government employees.
Fraudsters trick employees into changing vendor information like vendor bank account number, payment method, email, or address.
Fraudulent invoices are submitted from the fraudulent organization and appear legitimate.
AP clerks and departments process invoices normally unaware of Vendor Master Changes
Without real-time monitoring, these fraudulent payments may go undetected until the legitimate vendor reports missing funds.
Often these hacks creates losses in the hundreds of thousands of dollars.
Vendor takeover fraud is a growing threat in government accounts payable processes, where malicious actors manipulate vendor records to redirect payments.
Vendor fraud leads to significant financial losses through unauthorized or fraudulent payments.
Fraudulent activity can strain relationships with vendors, causing distrust and operational disruptions
Fraud exposes your organization to reputational damage, undermining public and stakeholder trust.
The ROI for your local government or school district
Receive instant alerts on suspicious vendor account changes, allowing you to stop fraud before it impacts your finances.
Protect your organization from unauthorized payments and financial losses by monitoring vendor data for fraudulent activity.
Get real-time notifications of vendor account changes, enabling quick action to verify or prevent unauthorized modifications.
Maintain compliance with audit requirements and internal policies through detailed tracking of all vendor account changes.
"I'm supposed to periodically examine the records, accounts, and inventories of the City of Tulsa, but I've gone beyond that in that I've learned a way to continuously monitor the accounts, records, and inventory by using the data analytics that will put on a dashboard the things that I need to be concerned about."
Finance Directors protect the organization’s financial integrity by attesting to strong internal controls.
Elected Leaders can highlight proactive measures taken to prevent fraud and ensure responsible management of public funds.
Citizens benefit from fraud prevention measures that safeguard public funds, ensuring responsible and transparent government operations.
Hundreds of Analytics helping leaders in Finance, AP, Purchasing, Audit, and I.T.
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