#16 Towards Zero Fraud: Key to Wealth and Sustainability

By 15.06.2021 Journey

Targeting Zero Fraud is possible now. For this to happen the knowledge and tools enabling the early recognition, resolution, and removal of fraud, should be democratized leading to a much-needed injection of cash and making every organisation more healthy, wealthy, and sustainable.

Imagine Zero Fraud…. it’s easy when we try

In 2019 the Financial Cost of Fraud by suppliers, customers, external and cyber criminals, and employees, was more than 6% of world GDP(i).  Reports all around the world today imply that the post COVID-19 #FraudReality shows fraud costs are going up fast.  However, for us optimists there is no such thing as bad news.  6% or more waste is hidden value which can be re-captured, converted, and released as the equation below demonstrates:

 

Increased Net Profit Margins (NPM) are derived from resolving a significant proportion (n) of the cost of Fraud (F) across all units of your company

The COVID digital world-shift, ironically, triggers a golden opportunity, to breathe new life into the meaning of #FraudReadiness, #FraudMaturity to start picking money up off the floor…

(i) Centre for Counter Fraud Studies (Professors M. Button / J. Gee 2020)

Download Fraud 101 and amplify your existing skills!

As a gift to the B4 Community, we invite you to download Chapter 4 (Fraud 101) from ”Calling Out Covid-19” published by Business Expert Press of New York in May 2021. Learn to amplify your own skills, implement 8 pathways to remove fraud in your organization, and help enable financial health and sustainability.

As a gift to the B4 Community, we invite you to download Chapter 4 (Fraud 101) from ”Calling Out Covid-19” published by Business Expert Press of New York in May 2021. Learn to amplify your own skills, implement 8 pathways to remove fraud in your organization, and help enable financial health and sustainability.

Just click on the icon above or download Fraud101 for free on:
https://b4investigate.com/fraud101/

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