How BI Tools Can Enhance Financial Fraud Detection.
Financial fraud poses significant risks to businesses, often presenting formidable challenges in detection and prevention. However, leveraging the capabilities of business intelligence (BI) can prove instrumental in identifying potential fraud and mitigating its impact effectively. BI encompasses a range of technologies, practices and processes aimed at collecting, integrating, presenting, and analyzing business data. Its primary objective is to facilitate informed decisions by providing valuable insights into business operations and performance.