Praxis is an anti-fraud platform that works as part of your accounts payable process to identify duplicate and fraudulent invoices before they are paid.
It combines machine learning and behavioural analytics together with advanced social network analysis to identify suspicious items, duplication, criminality and fraud.
Our consulting service helps you to understand the strengths and weaknesses of your control environment, blocking gaps in your accounts payable process that could be exploited.
If you suspect you have suffered a fraud we will apply rigorous behavioural analytics algorithms to your data to identify duplicate or suspicious items, and advise on how to retrieve payments that should not have been made.
We will work with you to define new controls or strengthen those already present, making it less likely that problems occur in the future.