Finovox has announced the launch of a new tool designed to assist businesses in calculating the return on investment (ROI) for their fraud prevention strategies.
The company noted that the financial burden of fraud extends beyond the direct losses incurred during fraudulent transactions. According to Finovox, the true economic impact includes operational costs, the time spent by staff investigating suspicious cases, and the resources consumed by lengthy processing times. This tool aims to provide clarity on these underlying costs, helping organizations better quantify the value of their anti-fraud measures.
Source: Finextra
Original article: https://www.finextra.com/pressarticle/111321/finovox-launches-roi-tool-for-fraud-prevention?utm_medium=rssfinextra&utm_source=finextrafeed
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