Rooting out Frauds and Inaccuracies in Vendor Management
Battling data inaccuracies and fraudulent requests, Liz Fielder, Onboarding Manager of Customers and Vendors at a leading Australian packaging and resource company turned to a trusted partner - Infosys BPM. Together they rectified inaccuracies and implemented fraud prevention measures to deliver a significant business value of AUD 418,000.
Approach summary:
- Rectified inaccuracies in vendor data
- Evaluated the impact of inaccuracies
- Implemented fraud prevention measures
- Blocked fraudulent emails and accounts
- Trained the vendor management team
- Monitored the implementation
Key Benefits:
Improved vendor data accuracy 
Enhanced operational efficiency 
Reduced financial risks 
Delivered business value of AUD 418,000 
