BKD Analytics, a national practice unit of BKD CPAs & Advisors, has released a new product, Payment Risk Analytics.
The solution is designed to assist in the detection of fraud and help identify conflicts of interest and areas for process improvement. Payment Risk Analytics includes three focus areas: accounts payable risk analytics, purchasing card risk analytics and payroll risk analytics.
“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 Annie Laudick in a statement. “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 works by examining whole data sets instead of samples to help provide better insight.
“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, also in a statement. “We’re excited to help our clients leverage the power of their data with this new product.”
For a preview of Payments Risk Analytics, and other analytics products, visit BKD’s
