Most business owners fail to understand that, just as there is a human life cycle, there is also a business life cycle. It begins with the conceptual or idea stage, which progresses to the start-up period, followed by the growth phase, then the well-established maturing years,and finally the exit or retirement phase. most common mistake most business owners make is that they don’t plan far enough in advance for the exit phase.

1. Fraud Barrier
It is time for a change……………
“fixed your income
Accounts receivables Security”
A Winning Proposal
Abdur Rahman Sagor
Asst. Manager, Recovery, DMV
Energypac power generation ltd

2. Introduction
Employee fraud is a significant problem faced by organizations of all types, sizes,
locations and industries. While we would all like to believe our employees are loyal and
working for the benefit of the organization (and most of them probably are), there are
still many reasons why your employees may commit fraud and several ways in which
they might do it. According to the 2014 Report to the Nation on Occupational Fraud and
Abuse (copyright 2014 by the Association of Certified Fraud Examiners, Inc.), research
shows that the typical organization loses 5% of its annual revenue each year due to
employee fraud. Prevention and detection are crucial to reducing this loss. Every
organization should have a plan in place as preventing fraud is much easier than
recovering your losses after a fraud has been committed.
Most business owners fail to understand that, just as there is a human life cycle, there is also
a business life cycle. It begins with the conceptual or idea stage, which progresses to the
start-up period, followed by the growth phase, then the well-established maturing years,
and finally the exit or retirement phase. most common mistake most business owners make
is that they don’t plan far enough in advance for the exit phase.

3. What is fraud?
Fraud is when trickery is used to gain a dishonest advantage,
which is often financial, over another person.
There are many words used to describe fraud: Scam,
con, swindle, extortion, sham, double-cross, hoax,
cheat, ploy, ruse, hoodwink, confidence trick. These
are just a few words you might hear in relation to
fraud. Fraud can be committed against individuals or
businesses.
Payment fraud is any fraud that involves falsely creating or
diverting payments.
Payment fraud can include:
• creating bogus customer records and bank accounts so that false
payments can be generated
• intercepting and altering payee details and amounts on cheques
and Payable Orders, then attempting to cash them
• creating false payment and financial information to support
fraudulent claims for benefits
• Processing false claims by accomplices for benefits, grants or
repayments
• self authorizing payments to oneself.

4. The Bangladesh economy needs
Provision for sustainable and quality infrastructure is a
prerequisite for rapid economic development and requires
huge sustained investment. The Bangladesh economy needs
huge investment in infrastructure development. The
importance of investor protection in attracting private
investment in infrastructure development is enormous
especially in developing countries. We identified low- and
middle-income households based on their relationship to the
county-level median income for each respondent. Millions of
Papule is still struggling with unemployment, lower incomes,
and the loss of wealth as a consequence.

5. Fraud Scoring
Fraud scoring -
according to the probability that an
application may be fraudulent and
thus alerts you of potentially
fraudulent applications before you
book an account.
Abdur Rahman Sagor
Asst. Manager, Recovery, DMV
Energypac power generation ltd

7. Why use a Proposal?
Getting Started
For the majority of family owned businesses, the largest asset that
the owners have is typically their business. They take precautions to
protect most of their other assets, such as homeowners insurance to
protect their home, auto insurance to protect their car, special riders
to their policies to protect other specific assets such as jewelry etc.
Yet, 70% of business owners don't do anything to protect the survival
and continuity of their business.
Now that you understand the importance of developing a plan for
your business.
Here are the five key steps along with the most common obstacles
and excuses:

8. Stops fraudBefore it happens by detecting and isolating potentially
fraudulent applications.
•
Centralized Automated Accounting Systems & Decentralized
web Base Automated invoice reminders (Automation):
•
Employment condition –
•
Installment Payment facilities & liability methods:
•
Environmental sustainability-
•
Organization culture/ethics and Transparency:

9. Automation
“…many organizations have implemented Automation
solutions that are woefully inadequate in terms of receivables and
collections management (RCM) functionality. These Automation enterprise
systems often replaced legacy or home-grown systems better suited to credit
and collections management. As a result, RCM solutions are increasingly
critically important to maintain proficiency in the corporate financial supply
chain of accounts receivable (A/R) management. The inadequacy of most A/R
processes is particularly apparent with corporate management’s call for
greater system integrity and more accurate reporting. The application of
standards is continuing to generate business and system improvement
pressure as well.”

10. Despite the potentially devastating consequences,
many organizations do not adequately safeguard their
high-value intellectual property. And, while many
organizations regularly use cloud computing, most do
not include cloud provisions in their security policies.
Processing can transform your performance. It’s that simple to help
organizations, not only turn HP Management System into a more successful and
compliant activity, but also gain a significant Competitive advantage.
1. Reduce operational negation
2. Plan and execute precision-based strategies
3. Apply effort where it secures the greatest reward
4. Optimize channels
5. Make headcount count
6. Take a fresh look at repayment solutions
7. Improve agent negotiation skills
8. Align management information with operational goals
Automation:

11. Accounting
Centralized Automated Accounting Systems
Centralized Automated Accounting Systems & Decentralized web Base Automated
invoice reminders:
Regional Office
Regional Office
Regional Office
Regional Office
Sales Recovery Documentary Service

12. KEY BENEFITS:-
q
Accurate revenue protection
q
Easy, customer-friendly processes
q
More efficient debt handling
q
Allows easy payments
q
Reduced Administration overhead
q
Clear transaction and communications visibility
q
Effective management of the whole revenue process
KEY FEATURES:-
q
Raise or pay invoices direct from Legend core apps
q
Configurable automatic payment-date generation
q
Automated credit control & debt recovery
q
Secure and seamless online payments
q
Scheduled detail & KPI reporting
q
Mail & email-merge capability
q
Full communication history for any user to see

13. Employment condition –
•
Settlement Agreements For Employment in future Cases.
•
Security chuck for future Embezzlement.
•
Frequently Transferable in anywhere
•
Jobs Description
•
Adopt, and rigorously implement, a zero tolerance policy towards employee fraud.
•
have a clear response plan in place in case fraud is discovered.
•
vet employees thoroughly checking employee CVs and references
•
Restrict and closely monitor access to sensitive information
•
Impose clear segregation of duties
•
Consider job rotation
•
Periodically audit processes and procedures
•
promote a culture of fraud awareness among staff

14. Protect your organization
Your organization also has a responsibility to protect other
employers. Simply dismissing a fraudster enables him or her to
move to another employer where he or she will most likely
continue their fraudulent behavior. Consider taking part in a
fraud data sharing scheme, or decide to prosecute the fraudster
when the fraud is discovered

15. Installment Payment facilities &
liability methods:
•
Bank Accounts Sources- Maximums Bank Accounts are create
for Customers- Installment facilities.
•
Look into offering online Bank payments- Don’t stop there- D.D,
P.O, continue with the ease. Make it possible for your customers
to pay online.
•
Always alert customers in the application if you decided to add
a finance charge.
•
Payment Liability agreement –If Customers have pay cash for
installment.

16. Environmental sustainability- through further
development, be able to deliver cost reduction and
efficiency improvements while contributing to
Environmental sustainability.
recommend that Some questions
to ask yourself include:
Environmental sustainability-
Establish a Culture of Transparency- First, in order to minimize the chance of
embezzlement, establish a culture of transparency and responsibility.
Who Are Your Customers?
B2B or B2C?
Customer Size?
Customer Type?

17. Customer Type
There may be other ways to get a clearer
picture of your customers. For example, your
business customers could fall into one of three
categories – commercial, government and
industrial. Each of these three types of
customers may have specific needs that should
be addressed in your credit and collections
strategies Environment .
Customer Size
Do you serve small, medium or large
businesses? What is the distribution of these
customer sizes across your business
customer base? Strategies that work for
small companies may be less effective than
strategies you implement for larger business
companies.
B2B or B2C
Do you serve business customers,
consumers or both? What percentage of
customers fall into each of these
categories? What percentage of credit
and collections problems fall into each of
these categories?
Small improvements can reap huge benefits and cost savings by avoiding financing
costs of borrowing cash during lean times when cash is tight and by avoiding bad
debt write-offs that could have otherwise been avoided by simply being proactive in
their accounts receivable processes.
Who Are Your Customers?
who you’re doing business with today and
who you may want to do business with
tomorrow. What’s good for one group of
customers may not be good for another
and there may be things you can do to
improve the chances that your invoices are
paid on time.

18. Organization culture
What is Culture?
• Personality of the organization.
• Comprised of the assumptions, values, norms
and tangible signs of organization members and
their behaviors.
• Difficult to express distinctly, but everyone
knows it when they sense it.
• Particularly important when attempting to
manage organization-wide change.

19. Organization culture
Importance:
Organizational change failure is credited to lack of understanding
about the strong role of culture and the role it plays in
organizations.
That's one of the reasons that many strategic planners now place
as much emphasis on identifying strategic values as they do
mission and vision.

20. Introduction Ethical
Ethical behavior and corporate social responsibility can
bring Signification benefits to a business:
Ethics concern an individual‘s moral judgment about right
and wrong, Decisions taken within an organization may be
made by individuals or groups, but whoever makes them will
be influenced by the culture of the company, The decision lo
behave ethically is amoral one, employees must decide what
they think is the right course of actions This may involve
rejecting the route that would lead to the biggest short-term
profit.

21. Organization culture/ethics Importance:
• Honesty-Communication and behavior consistent with facts.
• Disclosure of information
• Promises/commitments
• Laws and professional standards
• Representation of others like shareholders (applies to board
members)

22. Business ethics

23. Ethical Issues Relating to Business

24. Proposal delivery
Thank you for listening!