ACL delivers government organization 702% return on investment

Through implementing continuous monitoring and automation using ACL’s software platform, a government organization realized a 702% return on investment.

By | September 19th, 2017|Blog|0 Comments

How to identify employees’ fraudulent use of purchasing cards

Purchasing cards (P-Cards) are increasingly used by businesses and government organizations to reduce the costs of traditional procurement processes, but they are also particularity prone to fraud. Download this free eBook to learn more about combatting Purchasing Card and T&E Expense Fraud.

By | July 25th, 2016|Blog|0 Comments

Watch: Combat Purchasing Card and T&E Expense Fraud

Did you know? Fraudulent use of purchasing or procurement cards (P-Cards) and fraudulent claims for travel and entertainment expenses (T&E) rank among the most commonly occurring types of employee fraud. If you are looking for best practices for P-Card and T&E policy compliance and continuous monitoring, you’re going to want to watch this webinar. This [...]

By | August 31st, 2015|Blog|Comments Off on Watch: Combat Purchasing Card and T&E Expense Fraud

How to prevent employee theft and fraud with data analytics

An article by John Verver, “The Enemy Within: Stopping Employee Fraud,” has published in the UK’s Global Banking & Finance Review. John provides advice on applying data analysis to address travel & entertainment (T&E) expense and purchasing card (P-Card) fraud. Excerpt: Despite the reality that no control system is perfect, some organisations continue to believe [...]

By | April 11th, 2014|Blog|Comments Off on How to prevent employee theft and fraud with data analytics

Top 25 Tests for Every Organization: Test 12, Purchasing Card Round Amounts

Think of the epic superhero reboots of our time. Feel the anticipation of audiences as they return with great excitement after the hiatus. Perhaps the break was necessitated by audience fatigue, aging actors, or a shift in tastes. Nonetheless, this superhero is back. Bolder, braver, and more bad-ass than before. Often in [...]

By | March 21st, 2014|Blog|Comments Off on Top 25 Tests for Every Organization: Test 12, Purchasing Card Round Amounts

“Travel & Entertainment Fraud and Corporate Credit Card Fraud – aren’t there more important fraud risks to worry about?”

I was speaking at a conference session a few months ago on using data analysis to detect fraud. The session was very interactive – always a good thing when attendees really engage - and we spent a while talking about some of the more common types of employee fraud and abuse, in particular, improper T&E [...]

By | March 5th, 2014|Blog|Comments Off on “Travel & Entertainment Fraud and Corporate Credit Card Fraud – aren’t there more important fraud risks to worry about?”

ACL Launches Solution to Mitigate Losses Tied to Purchase Card Fraud

Approach Enables Organizations to Immediately Identify and Remediate Suspicious Transactions VANCOUVER, December 4, 2013 - In response to increasing customer concern regarding internal fraud and abuse associated with the use of purchasing or procurement cards (P-Cards), ACL has announced the availability of a P-Card Fraud solution. Designed to prevent fraud, improve policies, and promote cost [...]

By | December 4th, 2013|News Releases|Comments Off on ACL Launches Solution to Mitigate Losses Tied to Purchase Card Fraud

T&E Expenses: What Happens in Vegas Does Not Stay There

ACL’s Chris Stewart-Smith recently contributed an article to CFO.com. Here’s an excerpt: Corporate executives need to be keenly aware of the importance of travel and entertainment expenses, particularly within the financial services industry, which requires at least some level of spending in order to generate new business leads. Taking a prospective client to a golf [...]

By | September 7th, 2013|Blog|Comments Off on T&E Expenses: What Happens in Vegas Does Not Stay There

Top 25 Tests for Every Organization: Test 6, T&E – Double Dip

Harvey Dent, attorney of Gotham City turned evil supervillain, had two sides to him: one, a clean-cut attorney who did good, and one evil, performing cruel acts based on the results of a coin flip. "Who knows what evil lurks in the hearts of men?" Analytic Superheroes, up until now your foes [...]

By | June 5th, 2013|Blog|Comments Off on Top 25 Tests for Every Organization: Test 6, T&E – Double Dip

“How would you kick start data analytics?” ACL LinkedIn Group

Are you part of the ACL LinkedIn Community? Our group is a great place to share and exchange best practices for the use of data analytics across various industries and lines of business. One of the most popular discussions we've seen lately is this one, started by Andrew Fitzgibbon, Regional Audit Director, Japan Tobacco International: "How would [...]

By | May 22nd, 2013|Blog|Comments Off on “How would you kick start data analytics?” ACL LinkedIn Group