Fictitious Invoice Fraud Prevention

Fictitious Invoice Fraud Prevention is No Match for Complete Elimination

The post-COVID market requires more than fictitious invoice prevention due to workers being remotely connected to their parent organizations. To deal with fictitious invoice fraud, only fraud elimination will suffice.

Fraud: $1 Million+ Cost to U.S. Businesses Every Business Day

Business, CRE & Corporate Fraud & Embezzlement Prevention

BEC attacks seek to introduce fictitious invoices into the accounts payable stream of businesses or arrive in conjunction with more sophisticated fraud schemes that email control systems cannot prevent. If your company is hoping that an email defense software program, in and of itself, is going to prevent your company from being victimized by fraud and/or embezzlement schemes, you would be wrong. Addressing the symptoms and not the entirety of the problem gives you a leaky vessel into which invest hope. Nothing less than a systemic solution that focuses on the totality of fraud and embezzlement elimination as the sole outcome will likely suffice. To understand this problem we have to address the totality of risks that contribute to investment loss for businesses and commercial real estate properties.

There are many sources of losses that include invoice fraud as a sub-set or contributing factor. Fictitious invoice fraud occurs both from external sources (such as cyber attacks) and internal sources (internal embezzlement – “lapping scams“). When it is internal it takes longer to detect as a rule and costs the company typically a lot more money. In addition, vendor program controls that do not end liability transference risk, contract performance risk and payment risk are leaving out a large measure of the problem from being resolved.

Enter the Comprehensive Solution for the Problem, Not Just the Symptoms

iCREDIT provides an end-to-end solution that addresses the totality of fraud, embezzlement, execution, liquidity, market and collateral risks that routinely face businesses in the B2B vertical and commercial real estate income-producing properties. The iCREDIT solution comes with a net zero cost because it is designed to create powerful opportunities to immediately increase your company’s operating margins well beyond the cost of service. Find out how we do it with a phone call to Rainmaker Analytics today.

Best-In-Class Investment Loss Prevention & Mitigation

The INVIZEN Platform was conceptually designed to support the end-goal of preventing investment losses from being realized on commercial real estate loans and investments. 

Most Advanced Underwriting System in CRE Finance

The INVIZEN Platform design construct offers an end-to-end approach that engages the project or business at whatever life-cycle stage the given project or business may be currently found to be operating within.  The INVIZEN Platform is designed to provide a progressive sweep of the entire due diligence spectrum of issues with every review.  It starts with the valuation of the transaction opportunity. 

The Verifier

Incredible Underwriting Attention to Detail

Collateral underwriting is important but the reality is that collateral underwriting really only comes into play for EAD calculations and insurance risk mitigation.  The value of the opportunity is the real issue and the Verifier Report from INVIZEN directly addresses this issue in terms of determining if the proposed transaction is priced at a discount to market based upon the specific risk profile presented by the project, the project’s business and the project’s market.  That’s the Verifier Report.

Market Risk Management

Full-Scope that’s fully tested.

First Look is our real-time market feasibility analysis reporting system for which there is no peer.  The next-gen analytics design of First Look provides testing of the empirical assumptions and findings of the market feasibility analysis to determine if a reasonable basis exists for their inclusion and/or use in the resulting report that includes detail you just can’t find anywhere else.  That’s the First Look Report.

Financial Risk Assessment Underwriting

Full Underwriting Support to Demonstrate Risk Controls

Final Check is the crown jewel of the INVIZEN Platform.  Final Check provides full capacity risk underwriting, collateral risk underwriting, credit risk underwriting and default risk underwriting financial risk assessment data and findings that is backed by a post-funding monitoring program that prevents the most common causes of credit and default risk events from becoming your loss severity risk realities.  That’s Final Check and there is just nothing like it.

Asset Monitoring for Performance Assurance You Can Afford

The outflow is then matched into our unique credit risk management platform that ties credit risk (again, think hard about managing CECL) and default risk prevention program known as iCREDIT. 

CECL Compliance Now Means New Opportunities to Profit

This unique system provides real-time forensic auditing of every transaction event and generates an entirely new set of GAAP financial statements for the benefit of all financial partners that can be accessed in real-time. 

Integrity & Surety Via Real-Time Forensic Robo-Auditing 24/7

Financial reporting transparency risk, execution risk, default risk and all of the associated risks are now within the scope of being proactively managed.  That’s the INVIZEN approach that makes the difference in everything we do. 

Answers That Create New Opportunities

We provide opportunities in the form of distressed asset acquisition opportunities for sponsors and developers that meet the specific underwriting standards and requirements of the specific funds and institutions we support. 

The best-in-class CRE new construction and acquisition financing underwriting tools

Our compliance services focus on FINRA (we are a FINRA Compliance Vendor) and supporting broker-dealers, banks (FASB Topic 326 compliance opportunities regarding CECL), credit unions, community banks, advisors, family offices and institutions that are seeking something more than reactive data and mitigation as being the only likely outcome. 

INVIZEN is about reaching your peak opportunity efficiency level and having the freedom to focus on transactions that are profitable; transactions that have the likelihood of actually closing. 

Clear up your backlog of time-sensitive opportunities. 

Reduce your loss reserve calculations. 

Turn CECL into a competitive advantage. 

Exceed expectations of regulators when it comes to compliance with FINRA, SEC, OCC or the several states. 

When you engage with Rainmaker Analytics you are engaging with a team and a system that is designed to make the financial instruments your firm engages in become a matter that is manageable, less frustrating and more profitable. 

Your new path forward starts with that first phone call and confidential consultation.

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