Fraud Detection Made Easier with Bento for Business
Bento for Business has thousands of customers who trust us to help them with fraud detection, fraud prevention and expense management. Our prepaid business debit cards help companies control their expenses and detect fraud early. The stakes are high as it costs $140,000 on the average for not detecting fraud in a small business according to the independent fraud detection organization, the Association of Certified Fraud Examiners (ACFE). As a way of helping our small business customers, Bento provides one of the very few fraud calculators in the financial services industry.
“According to the 2016 ACFE Report to the Nations, small businesses were more susceptible to expense reimbursement fraud schemes than companies with more than 100 employees,” said ACFE Vice President and Program Director Bruce Dorris, J.D., CFE, CPA, CVA. “Due to smaller budgets and staff size, small businesses often face an uphill battle when it comes to fighting fraud. They are less likely to have anti-fraud controls in place, but often incur losses the same size as large organizations, leaving them particularly vulnerable to fraud.”
Manage Employee Expenses with Confidence
Bento for Business is much more than a traditional debit card or small business credit card. It’s a robust mobile app and online solution that allows you to easily control employee spending in real time. Turn individual cards on or off with a simple click so there’s no risk of misuse. Set daily, weekly or monthly spending limits so your employees stay within budget. And your cards come with the safety and protection of Mastercard, so you can always use them with peace of mind.
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Fraud Calculator for Expense Fraud
Our free fraud calculator identifies ten choices that small businesses make that greatly increase or decrease their likelihood for internal fraud. The Bento expense fraud calculator comes with a series of fraud recommendations as well as dozens of supporting links and facts to educate you on fraud prevention, fraud protection and detecting fraud in your small business. The fraud risk is based on hard fraud data from ACFE and other fraud detection and prevention organizations. Get back to running your business instead of handling expense overhead and worrying about fraud.
Bento Articles on Business Fraud and Expense Fraud