Fraud has the frightening ability to go undetected until it’s too late. It can cost your business huge costs in damage control, and perhaps more importantly, in reputation. While it’s hugely important to trust your employees, it’s important to be aware that they hold the ability to become a fraud nightmare. This is where the Risk Dashboard can step in to help.

We’ve put together 3 clear reasons why the Risk Dashboard can help you prevent and fight fraud.

 

1.   Full Transparency

One of the main benefits of working with the Risk Dashboard is the ability to build full transparency over the entirety of your business. This is one of our most popular pieces of feedback. We know that business owners often keep their cards close to their chest and that could mean key members of your team miss out on important pieces of information. This leaves a hole in their knowledge, but also the lack of communication necessary to keep fraud at bay.

The beauty of the Risk Dashboard is being able to gain a thorough overview of every department, and it will highlight the good, the bad and ugly. This means if there are any gaps in your security – both online or offline – the Risk Dashboard will make you acutely aware, and give you the resources to be able to fix it.

 

2.   An Electronic Paper Trail

Gone are the days of paper trails as you might know them; now everything can be recorded and filed online. This makes it even easier to find important documents, and even easier to control who has access to them. It also allows you to see who might have edited the documents, allowing you to fight fraud, and better still, prevent it from happening altogether.

The Risk Dashboard brings everything together, so there’s no need to root through various files on the shared drive of your computer. It’s all there, beautifully presented, easy to find and all in the same place!

This will undoubtedly save you time, but also save you worrying about fraud!

 

3.   A Plan Should Things go Wrong

We know things go wrong, unfortunately, that’s part of life, and in business, something going wrong could cost both your reputation and a lot of money. What’s important is, of course, preventing these risks as much as you can, and having a clear plan in place should something happen.

The Risk Dashboard offers that too. We can work with you to create a plan that works, to minimise damage to your business and get you back up and running as soon as possible.

As with everything, preparation is key, and that means working with the Risk Dashboard before something like fraud rears its ugly head. For more information, please don’t hesitate to get in touch with Neil Campbell, Commercial Director, on neil.campbell@riskdashboard.co.uk or info@riskdashboard.co.uk. We look forward to hearing from you.

 

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