FraudFindr

FraudFindr is a cloud-based forensic accounting tool designed to streamline the financial analysis process in cases of financial exploitation. According to the vendor, this software solution is suitable for businesses of various sizes, ranging from small private accounting firms to government-funded agencies. It is utilized by professionals in protective services, law enforcement, financial industries, as well as individuals and families seeking to efficiently solve cases of financial fraud.

Case Details: According to the vendor, FraudFindr offers straightforward questionnaires to collect essential information about the victim and suspect, enabling the creation of comprehensive, court-ready reports. This includes gathering demographics, spending patterns, and suspect habits.

Connect Bank Accounts: Users have the option to instantly connect victim or suspect bank accounts to automatically import transaction data, or they can choose to upload transaction data in PDF or CSV format.

Fraud Detection: FraudFindr's algorithm automatically analyzes bank statements to identify potential instances of fraud or suspicious transactions, reducing the time required for manual review.

Review and Analysis: After running diagnostics, FraudFindr provides a summary of the transaction data, attributing spending to the victim or suspect, and flagging any fraudulent or suspicious activities. Users can review and verify the findings.

Court-Ready Reports: FraudFindr includes a drag-and-drop report builder that allows users to create customized, court-ready reports. They can add sections such as scope, background, and case summary, and export the finalized report as a PDF.

Dashboard: According to the vendor, FraudFindr offers a centralized dashboard that provides users with an overview of all cases. This allows for quick access to recent cases and evaluation of performance using key performance indicators (KPIs) such as total cases, average case duration, and team assignments.

Notes: Users can add notes throughout the entire process, including specific transactions, diagnostic results, account notes, or general notes. These notes can be saved for future reference or included in the court-ready report.

Confident Data Entry: The vendor claims that FraudFindr simplifies data entry by providing user-friendly questionnaires, ensuring accurate information gathering about the victim and suspect for a comprehensive understanding of the case.

Effortless Data Import: Users can easily connect bank accounts or upload transaction data in PDF or CSV format, eliminating the need for manual data entry.

Conclusions and Findings: By summarizing the transaction data, attributing transactions to the victim or suspect, and flagging any fraudulent or suspicious activity, FraudFindr enables users to identify what was stolen and how, based on the findings of the diagnostics.