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What are analytical procedures and their benefits?

Abrigo

Analytics can range from simple comparisons (for example prior year’s ending balances vs current year ending balances, square footage of retail space available vs sales ) to the use of complex models involving many relationships, regression analysis and components of data.

Analytics 150
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The most useful (and rarely used) types of data analytics

Abrigo

For example, comparisons of total salaries paid to the number of personnel might flag a discrepancy (perhaps due to the presence of unauthorized payments) that may not be apparent from testing on a transaction-by-transaction basis. Predictive analytics: These help answer the “What will be?” type questions.

Analytics 150
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Proactive Customer Communication for Fraud Prevention

FICO

Get it right and your customer feels protected; get it wrong and it’s a negative experience that requires significant resources to put right and can ruin customer relationships. Brazil, by comparison, is far more diverse; 28% prefer a text message, 30% prefer a bank app, and 12% prefer a 3rd party messaging app to verify payments.

Fraud 52
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242 Startup Failure Post-Mortems

CB Insights

Title: Juicero can’t “carry forward the Juicero mission” Product: The Juicero Cold-Press Juice “Platform” In order to fulfill our mission, we announced last month that we would shift our resources to focus on lowering the price of the Press and Produce Packs. Title: All Romance eBooks is Shutting Down.

Company 78