Invoice validation and fraud prevention
Our invoice validation and fraud prevention solution has been designed to do just that, carrying out an effective invoice comparison process using a global validation database via the sharing of hashed crypto document fingerprints.
Based on SHA256 technology – the leading globally accepted cryptographic hashing algorithm for data protection and integrity – our solution allows any financier to check and compare trade documents without having to disclose any customer information at all.
How it helps
- Mitigate risk and reduce loss with unique invoice identifiers enabling visibility and identification of multiple finance requests.
- Maintain security and compliance with on-premise deployment for total data privacy maintained only with hashed crypto invoice fingerprints sent to the global validation database.
- Collaborate with peers through our easily integrated, open API-based solution to resolve any fuzzy matches and prevent duplicate financing fraud losses before they happen.
- Optimize visibility with reports to show which documents are being checked and the status of each. Alerting you to duplicate financing requests and helping to mitigate potential loss.
