Immunisation against fraud and early detection is the transformational change we need now to preserve cash, and focus on those essential costs which contribute to healthier and more vibrant organisations in the future. We could ask ourselves:
- Does our organisation sit back and wait for the eventual whistleblower, or is everyone
trained to spot suppliers, customers, management, partners and employees who are
misbehaving and reel them in before things spread?
- Do we and our management feel that if the external auditors did not discover any
fraud this year, then the future is rosy and fraud-free?
- If serious fraud is discovered which internal positions should get the blame? (note: this could be a trick question!)
Getting to grips with these kinds of questions will give us a feeling for the mood inside our organisations, and if you wish, how to transform from an everyday compliant organisation to motivated teams which really keep fraud out! Keep it simple: Practical awareness training, a recognition that fraud happens all the time, and a mindset to detect fraud early will save organisations huge amounts of money. The next stage could be to use pre-crime tools to follow the money combined with augmented reality and accessible artificial intelligence.
Alongside our B4 Pre-Crime solution we have developed and tested our “AIM 42 tool” which consists of 42 key questions to help organisations identify where and how to get the maximum payback from their essential cost/ “remove fraud” initiatives.
If you want to know more, don’t hesitate to reach out to us.