Combat supply chain frauds with K-Protect
Enhancing operational efficiency by converting compliance and risk into opportunities.
Protect your company from the greatest risks of supply frauds:
Financial Setbacks
Increased Insurance Prices
Reputational Harm
Costs of the investigation and prosecution
If you are in the supply business,
you must be wary of common supply frauds
Financial fraud occurs when a contractor discloses multiple invoices for work that has only been incurred once, or when a contractor issues false or inflated invoices.
Misrepresentation of goods or services is any scenario in which a company or supplier willfully misconstrues the product or service sold or offered. Quality assurance fraud is one example.
Economic sanctions violations include intentionally disabling a ship’s tracking system, making bogus stops, and establishing a complex web of businesses or shipping routes to evade detection of the illicit flow of goods.
Why K-Protect is best for your business against supply chain fraud
Cut back on financial fraud
Reduce financial fraud in the supply chain caused by errone- ous payments, fraudulent transactions, and problems with the billing and invoice processes.
Figuring inventory fraud
Integrate a cutting-edge tracking system into your processes to stop inventory theft. Utilize software for cameras, bar- codes, and RFID to monitor the layout of the warehouse.
Reduce the risk of fraud
Automate management procedures for warehouses and transportation to reduce human interference and the poten- tial for fraud.
Striving to improve data analytics to discover and cease supply chain fraud activity
- Improved internal tracking and monitoring procedures
- Using self-learning algorithms
- Data mismatch identification