When it comes to fraud detection, know the score.

Our fraud detection program quickly and effectively identifies questionable transactions and behaviors.

We execute a range of tests across suppliers, employees and payable data to identify suspect activity and ensure your revenue is protected now and in the future.

Detect. Protect. Predict.

Knowledge Exchange scores each vendor based on a variable range of thresholds and points assigned through a battery of tests. While failure of any single test does not necessarily indicate fraud, failing multiple tests does signify a higher probability of fraudulent activity.

The higher the score the greater the risk.

Vendor Master Test Examples
  • Duplicate Vendors Accounts
  • Vendor Address = Employee Address
  • Mail Drop Address
  • High Risk Address (Prisons, et. al.)
Invoice Amounts Examples
  • Benford’s Law (4 Positions)
  • Just Below Approval Amounts
  • Spikes Above the Average Amount
Invoice Counts Examples
  • High Variance per Month
  • Rapid Increases
Invoice Numbers Examples
  • Sequentially-Numbered Invoices
  • Out of Sequence Invoice Numbers
Vendors Consistently Paid Quickly
  • High Percentage Canceled Checks
  • Checks Dated on a Weekend

Real Results

Examine, identify and resolve threats.
The Challenge

A Fortune 500 client employed third party consultants and in-house data queries to identify potentially fraudulent activity. However, there was only time for a random sampling of payment activity.

The company faced significant exposure and needed to identify a process which would allow for a more comprehensive review and focus on the vendors with the greatest probability of risk.

The Solution

AP Recovery created a monthly process to screen every vendor, employee and transaction. The Fraud Control scoring system was implemented, immediately removing 99.7% of their vendor population from consideration. The remaining 339 vendors returned a total of 105 fraudulent disbursements which were spread across 5 vendor records created for the sole purpose of facilitating fraudulent disbursements.

The Result

5 fraudulent vendors, 105 fraudulent transactions and protection against the unknown.

The Ever-Rising Cost of Fraud

A study by the Association of Certified Fraud Examiners found that in 22% of the cases reported, the loss per incident was greater than $1 million.

Learn About Our Other Valuable Services

Recovery Audits

People + Technology

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Utility Analysis

Review. Reduce. Recover.

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Unclaimed Property

Search. Find. Recover.

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Fraud Control

Detect. Protect. Predict.

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Duplicate Payment Control

Recover. Correct. Control.

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Optimize Terms

Identify. Manage. Measure.

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Watchlist Compliance

Screen. Confirm. Protect.

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Vendor Management

Validate. Consolidate. Control.

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Custom Reporting

Validate. Consolidate. Control.

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Compliance Services

Verify. Confirm. Inform.

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