8/16/2019 Payment Fraud Scenarios

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8/16/2019 Payment Fraud Scenarios

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Duplicate transactions

Invoices with round dollar amountsInvoices with amounts consistently elow approval limit

!endors with payments that e"ceed their 12#month avera$e y a si$ni%cant amount

!endors with payments e"ceeds the last lar$est payment y a si$ni%cant amount

!endors with similar names

!endors that ecome active a&ter lon$ periods o& ein$ dormant

'ame vendor havin$ di(erent payment details

)ultiple vendors sharin$ the same payment details

*han$e in vendor payment details &ollowed y a chan$e ac+ to the ori$inal a&ter a short timepayments are made in the interim period

8/16/2019 Payment Fraud Scenarios

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*hec+ i& the same payment details are used y more than one vendor,

-"tract all invoices with round dollar amountsmultiple invoices elow approval limit

payments e"ceed 12#month avera$e y a percenta$e

payment is lar$er than the last lar$est payment y a percenta$e e,$,. 200/,

vendors whose names are similar to other companies,

 vendors that ecome active a&ter lon$ periods o& inactivity,

vendors that share the same payment details,

Detect chan$es to vendor master data that result in a vendor havin$ di(erent an+ details oveayments o& invoices are made in the interim period, revious an+ details are suseuently reupdated with new details,

 vendors with multiple master records. each havin$ di(erent payment details, *hec+ &or multipdi(erent an+ account details,