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Friday, June 09, 2006
Fraud Detection Software: Shutting the Door on Scam Artists
For Mark Van Holsbeck, director of enterprise security at Avery Dennison, relying on a person to find fraud risks was daunting. "There's too much human error, potentially," he says. About three years ago, the Pasadena, Calif.-based office supply maker went with Oversight Systems, an Atlanta company with roots in intrusion-detection software.
Oversight's product provides continuous monitoring of Avery Dennison's accounts payable, general ledger, action request and human-resources systems. The software cross-references hundreds of reports covering vendor pay and employee activity. Previously, those same tasks were done by staff, without any software to help.
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