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Tender fraud prevention service in South Africa

South Africa’s fight against tender fraud is gaining ground thanks to the launch of a new service from Experian.

This is the conclusion of Experian SA’s managing director, Michelle Beetar, who reveals that increasing numbers of corporations in South Africa are turning to its fraud prevention system to detect unethical tender processes. In fact, Beetar reveals that a large South African organisation conducted an exercise which revealed that as many as 20 staff members had personal interests in companies that had conducted R1,2 billion of business with the company.

“This is an unethical and costly practice that every employer wants to stamp out,” says Beetar. “It is relatively easy to cross-check the identities of the suppliers in a corporation’s employ with the identity of the directors of the organisations awarded lucrative tenders.”

The approach includes a process whereby all companies recommended for tenders are verified with information held on Experian’s business credit bureau. Cross-checking a company’s human resources records with the Experian system and comparing them with the company’s vendor database can then expose potential tender fraud that may warrant further investigation.

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