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The Association of Certified Fraud Examiners' most recent Report to the Nation on Occupational Fraud and Abuse estimates the equivalent of more than $650 billion is lost through fraud annually. If you remember, I’ve shared this fact in one of my earlier articles as well. The purpose of bringing it up once again is to stress on the need to have case management software that can contend with or detect fraud. There is a need to recognize the fact that case management is not the back-end of a fraud-prevention system; it is in actually the core of the system. This article, like many of my previous articles, stresses on the need to have an effective fraud management so that frauds can be detected and prevented at their very starting stages. Search online and you’ll find numerous fraud management systems/software out there in the market. You should opt for the ones which can easily integrate with other products or systems in your organisation which are put into place to contend with or detect fraud. This way, you’ll be free from the fear of getting trapped in a fraud by any employee of yours. Aithent case management solutions are par excellence and widely used in industries. It’s a fact that you can’t control or detect each and every activity or transaction taking place in your organisation. And, by the time, you detect some foul plays, it’s often too late; so, wisdom lies in having a fraud management system that takes care of it. Case management solutions are developed in such a manner that they can easily detect any suspicious activity, so that adequate steps can be taken. If you haven’t yet protected your company from such possible frauds by your own people, it’s time you take some concrete steps. Take an overview of your business operations, look for the possible loopholes, talk to experts and then, empower your organisation with effective case management software. Despite being aware of such frauds taking places worldwide, a large number of organisations are still operating with a hope that it won’t happen to them; this shouldn’t be the case with you. It is to be noted that every institution needs to be proactive and use the right management tools to prevent and investigate possible fraudulent activity. There is also a need to have in-place a fraud management system that addresses all aspects of the Bank Secrecy Act as well as contend with complex money laundering schemes to ensure regulatory compliance as protection of the institution's stakeholders. Aithent Fraud Manager, a comprehensive case management solution for financial crime investigations, is a proven efficient solution that expedites the investigative process and helps to prevent additional loss of revenues from the outset. Now, log on to our web site for more information on the most-effective case management software and fraud management systems.
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Case Management Software, Fraud Management,
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