A general audit software (GAS) usually comes as a package that encompasses multiple tools and is meant to perform various tasks. GAS is usually installed just like any other program on one or more computers.
If until some while ago, performing audits implied days of document verifications, now, Artificial Intelligence integrated into a complex audit management software can do that much faster and without human intervention, once all the information is submitted.
At PAID Analytix we try to deliver modern services that rely on Artificial Intelligence and one of the tools that can be used for complete internal audits is our software which is simple to use.
Even if corporate payment fraud has reached a new dimension, the processes set in place to fight them have also involved and automation can now be used to detect such problems much faster.
Duplicate invoice frauds can be hard to discover when employees must verify hundreds of financial documents every day which is the case of many companies.
There are various ways through which accounts payable fraud can be detected and PAID Analytix can offer a solution that can help companies reduce the stress associated with finding suitable protection means.
The accounts payable approval process starts when the company receives the invoice, which is then categorized and forwarded to the person or persons approving them which requires not only a lot of attention but also a huge amount of work and time.
Frauds in the accounting department are by far the most common in our days, which is why many business owners try to prevent them. In order to prevent damages, a payments fraud detection software can be a good solution to one of the biggest challenges companies face.
Financial fraud has become one of the major concerns of companies in many industries determining business owners to seek various prevention methods. In many cases, fraud prevention software is the most important element in keeping companies protected from such offenses.
In order to address financial losses, Paid Analytix has created a machine learning accounts payable software that uses Artificial Intelligence to solve such problems in a very short time.