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Invoice Fraud Prevention with Fraud and Supplier Risk Analysis

Enabling you to root out high-risk transactions in your administration.

Invoice fraud prevention starts with supplier risk analysis
In today’s modern, digital world, organisations are increasingly being targeted by ever more tech-savvy scam artists and cybercriminals. FISCAL’s customers value the protection and peace of mind that comes from having the strongest available invoice fraud prevention strategy in place, continuously scouring their suppliers and invoices for any indicators of fraud.

Reduce your risk and create peace of mind
The strongest invoice fraud prevention comes from continuously checking the sources of fraud.

Clean your supplier file
Find and remove duplicate supplier records, as well as those that have submitted no or few invoices in the last 18 months.

Check new suppliers and updates
Check all onboarding controls have been completed before any invoices are approved and double-check all changes to supplier payment details.

Monitor for segregation of duties breaches
Search for where the same user has been active at multiple points in the P2P cycle, update and recirculate control documents.

Search for irregular invoice patterns
Check for volumes and values of invoices that are outside of each supplier’s normal range and a high number of invoices from one-time vendors.

Identify high-risk transactions
Look for patterns in any of the fraud-risk indicators, such as round amounts, invoice number irregularities, and unusual credit note activity.

FISCAL Technologies will give you invoice fraud prevention peace of mind, knowing that your operations are running smoothly and are not subject to malicious, fraudulent acts.

Want to find out more about how you can reduce procurement risk factors with FISCAL? Sign up for our Accounts Payable Recovery Audit now.

For further information or to request a demo:

Would you like to know more about what FISCAL can do for you? Contact us at:
[email protected] or call +44 (0) 845 680 1905


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