Invoice Fraud Detection

Invoice fraud is a rampant problem in today’s business environment. Thus, adequate fraud detection is crucial for protecting your organization from avoidable financial losses. Assivo’s team of experts are well-versed in common invoice fraud tactics and emerging threats. We work diligently to identify and mitigate the risk of fraudulent invoices through a series of comprehensive checks and safeguards.

Assivo employs advanced fraud detection technologies that analyze invoice data for suspicious patterns and anomalies. This includes verifying vendor information against known fraud databases, checking for inconsistencies in invoice details, and flagging invoices that deviate from normal spending patterns. Our system also cross-references invoices with purchase orders and delivery receipts to ensure that they match and are legitimate.

In addition to technological safeguards, our team conducts thorough manual reviews of flagged invoices. We investigate discrepancies to confirm the authenticity of the invoices. This dual approach of automated and manual checks helps to catch potential fraud before it results in financial loss.

By outsourcing invoice fraud detection to Assivo, you protect your organization from fraudulent activities, reduce the risk of financial errors, and ensure that your payments are made only to legitimate and verified vendors.