Digital Learning Libraries / Core library
Fraud training for factors and ABL lenders · a digital learning library
Detecting & Preventing Fraud
Spot it sooner. Stop it earlier.
13 courses · 6 case scenarios · 32 refreshers
Thirteen courses, each on one real receivables finance fraud: how it is carried out, the red flags that expose it, and the controls that stop it. Everyone who touches a client’s receivables needs them, collectors included.
For everyone who touches a client’s receivables.
The courses
13 courses, one job each.
Every course teaches a single task or idea the learner needs at work, with hands-on activities and a scored review.
- 01 Introduction to Fraud in Receivables Finance Why the industry is targeted and how fraud unfolds.
- 02 Detecting & Preventing Fraud Core warning signs and the controls that catch fraud early.
- 03 Fictitious Invoicing Invoices for goods or services never supplied.
- 04 Pre-Invoicing Billing before delivery or completion (pre-billing).
- 05 Duplicate Financing The same receivables financed by more than one lender.
- 06 Manipulating the Aging Applying customer payments to unfunded invoices to keep the cash.
- 07 Withholding Credit Memos Credit memos held back to keep invoices funded.
- 08 Rolling Invoices Re-aging invoices so past-due receivables look current.
- 09 Concealment Hiding disputes, distress or adverse facts.
- 10 Collusion Clients, customers or insiders working together.
- 11 Failure to Give Notice of Assignment Customers left unaware the account is assigned.
- 12 Diverted Payments Customer payments diverted away from the financier.
- 13 Money Laundering Criminal money cleaned through inflated invoices and the financier’s account.
6 case scenarios
Investigate, decide, and see the cost of delay.
Learners take the role of an account executive and work a client file from the first warning sign, through investigation and a key decision, to recovery. A running exposure figure shows what every delay costs.
The Clean Ledger
A machining firm re-ages invoices to keep past-due receivables eligible.
Ahead of Schedule
A facilities contractor bills work before it is done, and some that never was.
The Missing Credits
A food distributor stops issuing credit memos for grocery-chain deductions.
Two Lenders, One Ledger
A trucking company finances the same invoices twice through a sister company.
A Friend in Purchasing
A customer insider confirms deliveries that never happened.
Following the Money
A staffing firm diverts customer payments while hiding financial distress.
32 refreshers
Five minutes each, all year, so it sticks.
Each refresher is a short story with one activity, released every two weeks. Here is every one, by the course it reinforces.
- Collusion
- A friendly voice
- Same address, different names
- The helpful colleague
- Concealment
- The co-owner who left
- What the financials didn't say
- Detecting fraud
- A very good excuse
- The quiet change
- Diverted payments
- A letter about new bank details
- Paid, but still open
- Double financing
- The new lien
- Duplicate financing
- Two lenders, one truck
- Fictitious invoicing
- A customer nobody has met
- Just under the line
- Field exams
- Ten minutes at audit
- Introduction to fraud
- Mistake, one-off or plan?
- Paper into cash
- Manipulating the aging
- The payment that went to the old invoice
- Too tidy
- Money laundering
- Money from the wrong place
- Never needs chasing
- Not a word to the client
- Notice of assignment
- Paid in full, to the wrong people
- The old template
- Pre-invoicing
- Friday’s invoices, Monday’s truck
- Nearly finished
- Rolling invoices
- A young ledger with no cash
- Same amount, new number
- Verification
- The verification call
- Warning signs
- Which fraud is this?
- Why fraud escalates
- The cash squeeze
- Withholding credit memos
- Credits after the cut-off
- The short payment
Your branding
Your logo, colors and fonts on every course.
Your LMS, or a link
Upload to your LMS, or send learners a link: no LMS needed.
Tracked
Progress and scores, ready for audit, risk committees and funders.
Kept current
New courses, cases and refreshers are added to your subscription as they are released.
Try it now
See what learners see in Detecting & Preventing Fraud.
Try a course
A short course, as your learners see it: real receivables, hands-on activities and a scored review.
LaunchTry a case scenario
Work a client file from the first warning sign to a decision, and watch what each delay costs.
LaunchTry a refresher
Five minutes, one story, one activity: how the learning sticks between courses.
LaunchBook a demo
See Detecting & Preventing Fraud in your own branding.
A 20-minute walkthrough of one course and one case scenario, with pricing for the learners you need.
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