Services

Accounts Payable Auditing

• Recovery Auditing - We support recovery auditing by providing duplicate payment reports, but our services are not limited to this activity alone. We provide data management support for audit defense and for contract compliance audits.
• Duplicate Payment Detection - Our strength is locating those hard-to-find duplicate payments that your edits may have missed. We use the power of fuzzy-matching on invoice number, date, amount, and other information you may have on file, to detect potential duplicate payments. Our logic has been tested on major corporations such as NFL, the World Bank, Steinway, Dial, and more.
• Fraud Detection- The Association of Certified Fraud Examiners, in their 2008 "Report to the Nation", has estimated that organizations lose up to 7% of their annual revenues to fraud. Our suite of A/P fraud detection algorithms proactively identifies potential fraud, waste, and abuse, to help you increase your bottom line.
• Vendor File Cleanup - One of our core interests at Automated Auditors is data integrity. "Garbage In, Garbage Out" as they say. If your Master Vendor File contains duplicate records or potential ghost vendors, you may be inadvertently creating unknown leakages in your disbursement system - or worse - be the victim of insider fraud. Let our data-mining experts help solve the ever-present vendor file data integrity problem for you.
• For an A/P brochure click here

Fraud Detection:

• Insurance Fraud Prevention and Detection - Insurance fraud schemes range from creating false medical claims to faking one's own death to collect on life insurance payouts. Our analysts have years of experience identifying potential insurance claim fraud, waste, and abuse. We have the tools to assist you in your fight against fraud, using a suite of algorithms that detect:
  • Upcoding
  • Unbundling
  • False claims
  • Services after death
  • Services not rendered
  • Potential kick-back schemes
  • Over-utilization
  • Duplicate claims
  • Medically un-necessary claims
  • "Never events" - i.e. hysterectomy on a male patient
• Death Master File Verification - Part of identifying fraudulent transactions is identifying payments made to deceased persons, or people posing as the dead for financial gain. We utilize the Social Security Administration's Death Master File to identify payments made to deceased persons, or other scenarios where using the SSN of a deceased person is illegal, such as on an application at the Department of Motor Vehicles. This problem can plague many industries, including the healthcare insurance industry, property and casualty insurance, tax refund departments, accounting, and more. To read an article we recently wrote on identity theft / death fraud Click Here.
  
  
• Terrorist Watch List Data Mining (Patriot Act Compliance) - When the USA Patriot Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Section 326) was passed in October of 2001, it required institutions (banks in particular) to verify that financial transactions were not being conducted with known terrorists. Make sure you are in compliance with the Patriot Act by allowing our analysts to merge your data with the Terrorist Watch List. We use the power of fuzzy-matching so that potential names are highlighted in the report. Fuzzy (non-exact) matching is essential to any terrorist watch list data-mining software because of the wide variation in the spelling of foreign names.

Data Management

• Address and Name Matching Software - One of our areas of expertise is address and name matching, which is used widely to identify duplicate records in data bases, or for matching customer data bases against a file such as the Terrorist Watch List. Our analysts have years of experience conducting name and address matching with the most complex data bases. Our strength lies in using fuzzy-matching, a non-exact merging technique, to identify matches where other software cannot.
• Complex Data Management Solutions - "Data Management" is a broad term which describes any type of data importation, merging, data cleansing, reporting, and other data reconciliation activities. We have experience importing very complex files, even some scanned from paper, and turning them into meaningful data bases that are searchable and quantifiable. Let us help you with any data management needs you may have.
• Data Mining - Data mining is essentially looking for trends hidden in the data. It encompasses predictive modeling, trend analysis, correlation analysis, profiling, and more. At Automated Auditors, we have many years of experience using SAS to perform data mining projects. For example, one of our areas of expertise is looking for aberrant vendor behavior within Accounts Payable disbursement data. Using statistical modeling and the concept of "master list ranking", our reports can help identify vendors or entities that are suspicious according to their traits and behaviors.
• Duplicate Record Identification - Whether you need to identify duplicate payments, duplicate claims, or duplicate records in a customer data base, let us handle this job from A to Z. We have many years of experience identifying duplicate records, and have an entire suite of algorithms devoted to this very topic. Our passion is data ~ why leave your data needs to anyone else?
• Data Integrity Analysis - Data cleansing and data integrity is one of our specialties and passions. Data integrity is crucial to the success of any enterprise that is data-reliant, which is just about every industry these days. We will examine 100% of your data base for data population, valid values, duplicate records, and standardization of data formatting ("Corp" vs. "Corporation" for example). We can fix the errors that are identified in the data and provide you with a clean file.