Combat supply chain frauds with K-Protect
Enhancing operational efficiency by converting compliance and risk into opportunities.
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Protect your company from the greatest risks of supply frauds:
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Financial Setbacks
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Increased Insurance Prices
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Reputational Harm
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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.
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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
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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.
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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
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- Improved internal tracking and monitoring procedures
- Using self-learning algorithms
- Data mismatch identification