Podcast for Financial Services Professionals Addresses Effective Ways to Detect and Prevent Fraud
A new podcast for financial services professionals explores the impact of fraud perpetrated by fictitious vendors and suggests what companies can do to protect their hard-earned revenues. Executives from APEX Analytix and Siemens Shared Services speak about the danger fraud poses for procurement and payment operations, how companies can calculate risk, and the most effective tools and techniques for continuous fraud detection.
Greensboro, NC (PRWEB) November 5, 2008 -- A new podcast for financial services professionals explores the impact of fraud perpetrated by fictitious vendors and suggests what companies can do to protect their hard-earned revenues.
Available on the Shared Services Outsourcing Network (www.ssonetwork.com), the podcast features an interview with Jim Arnold, president of APEX Analytix, and Catherine Escarcha, director of Accounting Services for Siemens Shared Services LLC. The two speak about the danger fraud poses for procurement and payment operations, how companies can calculate risk, and the most effective tools and techniques for continuous fraud detection.
"Fraud is a growing problem and seems to skyrocket when economic conditions are at their worst," Arnold said. "That makes it critical for businesses to shore up their internal controls and use technology to halt fraud in its tracks. Failing to do so can take a devastating financial toll."
About APEX Analytix
APEX Analytix is an innovative audit recovery firm serving more than a third of the Fortune 100. The company has transformed the audit recovery industry with FirstStrike®, a highly functional family of standards-based software that detects and prevents both errors and fraud and improves performance across the procure-to-pay process. To date FirstStrike® has saved businesses more than $2.0 billion in overpayments and is the most widely used software of its type.
For more information, call 800.284.4522 or visit www.apexanalytix.com.
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