AssetArchiveFinSoft
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CPA Fraud Detection ServiceMedCXO
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Related Products
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About
These are some of the concerns that the Asset Based Lending industry has shared for years. Our customers have been asking for a way to archive the AssetReader data to extract simple trends, comparative Borrowing Bases and concentration balances over time and pull more focused confirmations (an optional module). The programmers wanted artificial intelligence (AI) against the data and of course, the programmers and owners wanted to invent more new stuff to take advantage of that. With over 33 years of ABL experience, including audit, operations, fraud investigations, highly regarded ABL training classes and a desire to invent another new product, the FinSoft team has come up with AI that the ABL industry has needed for years -- Easy to achieve warnings about exceptions, anomalies and unusual items.
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About
Benford’s law to detect patterns of inappropriate disbursements. Searches Quickbooks or other bookkeeping software audit trail reports for unusual actions such as voids and deletions. Identify multiple payments for the same amount on the same day. Reviews payroll runs for payments in excess of salary or hourly rate. Find payments issued on non-business days. Calculations of statistical parameters to identify outliers that could indicate fraud. Test for duplicate payments. Review accounts payable vendor files for similar names. Check for fictitious vendors. Compare vendor and payroll addresses Z-Score and relative size factor test. Data monitoring and surprise audits are correlated with some of the largest reductions in fraud loss but only 37% of all organizations employ these controls. The median loss of a business with less than 100 employees is $200,000. Small business has fewer resources to detect and find fraud.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Real-time analysis solution that helps companies with their asset based lending
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Audience
Healthcare providers and organizations interested in a medical practice employee fraud detection solution to prevent fraud
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
$1,400 one-time payment
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationFinSoft
www.finsoft.net
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Company InformationMedCXO
United States
medcxo.com/fraud/
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Categories |
Categories |
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Fraud Detection Features
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For eCommerce
For Insurance Industry
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval
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Integrations
No info available.
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Integrations
No info available.
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