Non-business day transaction

Employees with access to checks and can access the offices on days the business is closed may commit the fraud while they have an opportunity to be alone.

How to use it ?

We load weekends and holidays into the application where we know the office was closed. The application compares check dates from the check register to those days.

What does our fraud detection analytics software do?

We run more than a dozen separate tests with just the basic data. In fact over half the test for employee, payroll, accounts payable, check, and business fraud are run with just check data, check amount and payee. Here are the tests we run:

Benford’s law

single and double digits

Similar vendors

(you set the similarity percentage)

Non-business day transaction

(US Holidays included)

Under cut-off amounts

(you set the limits)

Z-score

(also helps identify vendors putting stress on the business)

Fictitious vendor search

(you select the search words like PO Box, or consultant)

Amounts Exactly Twice

As much as other

Amounts starting with

Same First Four Digits