PayCraft
automates supplier payments fraud detection
by using machine-learning assisted process improvements
Reduce & Catch Fraud
As fraudsters, and the tools they use, become more sophisticated, and as processes are often automated, it becomes easier and easier to breach payment protocols. Supplier fraud is on the rise, and businesses are losing money and breaching their compliance.
PayCraft catches supplier payments fraud, and saves you money.
Reduce Risk and Increase Payments Compliance
Supplier payments fraud not only costs money: it takes significant time, effort, and resources to address breaches, it reduces reputation and brand security, creates additional security risks and delays payments processing time to valuable suppliers.
PayCraft helps you reduce your risk of supplier payments fraud and improves compliance.
Continually Improve Payments Processes
Hackers and fraudsters never stand still – they’re always elevating their game. Tools, tricks, and schemes evolve and improve. PayCrafts machine-learning supplier payments algorithms are constantly honed and improved based on your ongoing payments data, ensuring you keep one step ahead.
PayCraft enables you to continually improve your supplier payments business processes.
How PayCraft Works
1
2
3
4
5
6
7
8
9
10
1
incoming invoice from a supplier
2
invoice enters the paycraft inbox
3
paycrafts’ filters and machine-learning algorithms analyse the invoice
4
high-risk invoices flagged for manual review
5
paycraft monitoring and analytics
6
stoplight alerts based on paycraft algorithms classify invoices for payment or further review
7
cleared invoices get automatically routed for payment
8
suspicious invoices get automatically routed for further inspection
9
payment processed as per business practices
10
invoice routed to escalation inbox