Government

States Comptroller Offices, Federal Agencies, Office of the Deputy Inspector General and States Agencies may benefit from utilization of WizSoft data mining software tools – WizRule, WizSame, WizWhy. Following are some examples of applications where these tools can be used: Travel / Payroll: invalid travel receipts, duplicate payroll checks, separated employees, excessive overtime fraud, travel fund embezzlement Assets Misappropriation: excess…

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Insurance

Special investigation units and auditing departments of insurance companies will benefit from WizSoft data mining and text mining software tools – WizRule, WizWhy, WizSame, WizDoc, in investigations involving the following applications: Worker Compensation Fraud – Some businesses illegally try to avoid paying full state-required workers compensation premiums. One scheme involves paying workers off the books because the number of employees…

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Healthcare

Healthcare auditors / fraud investigators are prime candidates for using data mining software tools in their work. WizRule, WizWhy, and WizSame should be used in investigations involving dental claims, workers compensation claims, disability claims, prescription plan claims and long term health care claims. Here is a list of applications that should gather the attention of the audit selection maker:…

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IT

IT audit tools must include data mining software along with data analysis software. Data mining is the process of extracting knowledge hidden in large volumes of data. The data mining tools look for trends, patterns and anomalies without knowledge of meaning of the data. WizSoft data mining and text mining software helps the auditor drill through the entire…

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Financial

Utilization of data mining software products such as WizRule, WizWhy and WizSame can assist financial auditors to discover symptoms of fraud, expose suspected errors, reveal duplicate records based on user’s criteria and explain interesting phenomena in the data.  

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Auditors

Auditors An auditor’s task is to express an opinion on the veracity of claims made by management in their financial statements. Make the quality of your opinion air-tight and put your data to work for you. You can enhance the usefulness of your data by making the hidden knowledge within it come to life. Abnormal…

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