DFND Analytics Information

DFND uses the power of advanced analytics tools to deliver a high-quality, yet affordable way to prevent and detect errors, omissions, embezzlement, misrepresentation, and internal fraud. These tools, usually only available to big businesses, are made simple to use and understand for the typical busy executive and business owner. DFND customers have more time to dedicate to their work rather than watching over their shoulders for errors and signs of misconduct. Even better, DFND can help you without breaking the bank. It can be devastating when a business or organization is a victim of fraud or embezzlement. Frauds and embezzlements are usually the results of actions taken by trusted employees or staffers. The typical loss incurred because of fraud is $145,000 according to the Association of Certified Fraud Examiners. Frauds are usually discovered two years after they started. One-third of corporate bankruptcies is caused by fraud. Five to seven percent of U.S. company revenues are lost to fraud each year. The harm caused by the loss of funds is painful enough, but the resulting investigation and inevitable hiring of new personnel are costly too. Clearly, any manager would want to do whatever is reasonably within their power to prevent such an event from ever occurring. To do so, managers need to be proactive and implement both human and automated best practices now. Why aren’t human best practices good enough? Because it is human nature to trust too much and become complacent when overseeing staff. This is where DFND fits in.