Forensix will help businesses across the UK tackle fraud
25 October 2011 – Advanced Business Solutions (Advanced), a leading integrated business applications and services provider, is launching Forensix, a new cutting edge, software solution designed to detect fraud.
The poor economic climate has increased levels of fraud and in 2010, fraud cost the UK private sector £12 billion. KPMG also uncovered a dramatic increase in the number of fraudulent cases involving the exploitation of weak internal controls – up to 74% in 2011 from 49% in 2007. This suggests that many organisations are not adequately protecting themselves from internal fraud.
To help businesses identify and prevent fraudulent activity, Advanced has developed Forensix to alert managers about any unusual or fraudulent activity within their organisations. This user-friendly software provides an extra layer of security within Advanced’s OpenAccounts financial management system.
Simon Fowler, Managing Director, Advanced Business Solutions (Commercial) says, “Many software systems are not designed to detect collaborative fraud. Forensix has been developed to detect collaborative as well as individual fraud, making it one of the most sophisticated fraud detection solutions on the market.”
Forensix will help to detect a range of potentially fraudulent activities such as write-offs, discounts and employees making unusual financial arrangements with external suppliers. Unusual activities are automatically flagged for the attention of management.
Fowler says, “Many businesses are reluctant to talk about internal fraud, however it can and does happen and so they need to protect themselves as best they can by using solutions such as Forensix. Without the implementation of smart fraud prevention systems, businesses will remain vulnerable to fraud and with all indicators suggesting that internal fraud is on the increase, this is an issue that needs tackling promptly.”
To find out more about Advanced Business Solutions’ Forensix, please visit www.advancedcomputersoftware.com/abs or call 01582 714 810.
Notes to Editors:
About Advanced Business Solutions www.advancedcomputersoftware.com/abs
Advanced Business Solutions (Advanced) provides leading integrated business applications and services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies whilst continually improving corporate performance. Advanced prides itself on getting close to its customers by understanding their businesses and responding to their evolving needs.
Advanced’s software systems comprise core accounting/financial management, procurement, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions to extend the value and effectiveness of the finance, human resource and payroll departments. These can be delivered as a managed or bureau service.
Customers are from both the public and private sectors and include Companies House, Newcastle City Council, WH Smith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS, RSPB and Great Ormond Street Hospital for Children NHS Trust.
Advanced Business Solutions is a division of Advanced Computer Software Group plc, a leading supplier of software and IT services to the health, care and business services sectors.
Liz Ebbrell and Angela Mycock
Advanced Computer Software Group
This press release was distributed by ResponseSource Press Release Wire on behalf of Advanced in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.