DETECT Fraud and misuse

How To Significantly Reduce Fraud And Misuse​

Part of every business is the threat of fraud and misuse. 

According to surveys, the retail industry loses on average 1.5% of revenue to fraud. 

The banking, healthcare, and manufacturing industries are also, especially at risk of fraud and misuse.

exmon fraud and misuse

Examples of controls That Can Help Reducing Fraud and Misuse:

Time registrations

  • Missing time transactions
  • Late time transactions
 

Sales

  • Unusually high discounts compared to previous sales, product groups, or customer cards.
  • Returns of goods
  • Uncharged charges
  • Employees processing sales/transactions from relatives
 

Travel spend

  • Invoices versus the budgeted amount
  • Specific invoice amounts, for example, domestic flights or hotel bookings, compared to specified normal ranges.
  • Out-of-policy add-ons for expenses, for example, business class seats, extra baggage, hotel room-service charges.
  • Double reimbursement
  • Out-of-pocket expenses
 

Vendor Overcharges

  • Duplicate invoices from a vendor
  • Fluctuation in invoice amounts from vendors
  • Invoice prices compared to agreement prices
 

Unusual activity

  • Activity in some secure regions and doors after business hours
  • An unusual opening of cash registers
 

Inventory shrinkage

  • Fluctuations in shrinkage between periods
  • Comparison of shrinkage between stores

Ready to see more?

See how exMon Data Quality can help you fix and maintain quality financial data.

Manage all your budgeting and forecasting processes. Find issues and missed submissions before its too late.

Our customers in retail use exMon to monitor cash registers and back-office systems. Monitor supply chain processes, inventory levels, and unusually high discounts

Know more about how pharmaceutical companies use exMon to make sure project data is being maintained correctly.

Learn more about how Vodafone is continuously monitoring their data and services with an emphasis on customer happiness, revenue leakage, and fraud monitoring

See how Atlanta Air is detecting fraudulent bookings,monitoring loyalty club transactions, and keeping eye on aircraft maintenance schedules.

Detect irregularities in access to key systems and platforms.

Detect fraud and misuse leaving footprints in your.

Find out how you can better govern your Master Data with the exMon

HOw Can I start Improving My Data?

Schedule a demo

Request a live demo to see how the exMon Data Governance Suite can help your company improve business and master data.

Sign up for a pOC Using your data

We can use your data to demonstrate how our tools can help you improve data quality. 

We set everything up for your environment

We configure the system to your needs and show you how to administer the system yourself.

You start improving your data

Once the system is installed in your environment you can start setting up processes to improve your data.