Accounting
BKD Launches New Payment Risk Analytics Product
With the ever-growing, complex landscapes in which organizations operate in, fraudulent behavior can be difficult to detect. Payment Risk Analytics can help identify areas for process improvement, conflicts of interest and assist in the detection of ...
Sep. 07, 2021
BKD Analytics, a national practice unit of BKD CPAs & Advisors, is excited to announce the rollout of a new addition to its suite of products: Payment Risk Analytics.
With the ever-growing, complex landscapes in which organizations operate in, fraudulent behavior can be difficult to detect. Payment Risk Analytics can help identify areas for process improvement, conflicts of interest and assist in the detection of fraud.
“Company boards, management, compliance and finance individuals likely worry to some extent about their exposure to the risk of fraud within their organization,” said Senior Consultant II Annie Laudick. “We have harnessed the experience of our firm’s fraud investigators and data analytics experts to create proprietary algorithms to detect patterns consistent with fraud, waste and abuse.”
Payment Risk Analytics examines whole data sets instead of samples to help provide better insight into data. This new product includes three focus areas: Accounts Payable Risk Analytics, Purchasing Card Risk Analytics and Payroll Risk Analytics.
“Clients often do not have the internal resources or software capabilities to perform the level of analytics BKD Analytics is able to perform,” said Director Tom Haldiman. “We’re excited to help our clients leverage the power of their data with this new product.”
Visit their Tableau Public site to preview Payment Risk Analytics and other BKD Analytics products.