Similar vendors

This test can be performed to review master vendor lists for discrepancies. Fictitious invoices from fictitious vendors will sometimes have similar names and address to actual or real vendors. Wayne enterprises may be a real vendor then spelled differently to create a fictitious vendor.

How to use it ?

StrayDot searches the vendor list data and identifies similar data points. The system allows you to adjust the similarity % to generate a list for investigation.

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

Vendor payments same vendor same amount

Vendor payments same amount same day

Similar vendors

(you set the similarity percentage)

Payroll overpayment analysis

Payroll overtime analysis

Vendor/Employee address cross-check

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)

Relative size factor

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

Amounts 5% +/-

the other

Automated Vendor Stress Identifier

Outliers Detection

Employee Fraud Detection & Prevention Dashboard for QuickBooks Online - Integrate