Make fraud detection part of your company’s DNA
Fraud can hit your bottom line, hammer your reputation, and scare off customers. But it is possible to minimise the risks. More control and more automation is the best place to start. This is because the complicated transactional nature of travel leaves it open to fraud.
There are deposits, payments, cancellations, refunds, taxes, discounts and commissions. Control these touch points and the potential for fraud can be reduced.
A fully integrated front and back office system is the cornerstone of a secure business. Integration leads to seamless processes. Front of house selling systems feed directly into back-office accounting and fulfilment meaning any unexpected transaction or deviation from the standard process, such as unusually high or low margin levels, can be flagged up in real time.