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NeofraudTM

A comprehensive fraud management solution that predicts fraud before it happens

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Neofraud™ Introduction

Neofraud™ is a fully integrated, browser-based software system with comprehensive functionality designed for predictive fraud detection in unemployment insurance tax and benefits solutions.

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Improve Agency Performance

 

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Behavioral Analytics

 

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Tailored & Agile Fraud Detection

 

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Improve Agency Performance

 
  • REDUCE OVERPAYMENTS

    A comprehensive predictive fraud model identifies fraud trends and anomalies before they occur, as well as cross-matches data sources to identify potential fraud cases

  • IDENTIFY FICTITIOUS EMPLOYERS

    Neofraud™ identifies fictitious employers based on the model’s behavioral analysis and data anomalies, and then flags them for follow-up. The results of the model can be integrated with field audit for employers requiring further review.

  • ENHANCE FIDUCIARY RESPONSIBILITY

    Neofraud™ significantly improves benefit accuracy and fiduciary responsibility. Enhanced functionality allows you to proactively create cases for further investigation, collection, and/or prosecution.

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Behavioral Analytics

 
  • Behavioral analytics

    Analyze unemployment insurance fraud data in terms of payment week and repeat offenders. An integrated fraud dashboard displays the results as pie and bar charts.

  • Demographic analytics

    Neofraud™ provides analysis of unemployment insurance fraud data in terms of zip code, incident size, industry or occupation code, education, age, gender, and race. View results in the form of Google maps, pie and bar charts.

  • Operational analytics

    Analyze unemployment insurance fraud data in terms of program type and source.

  • Export to Excel

    The power of data analysis is at your fingertips with ad hoc reporting capability. Retrieve custom data sets and export them instantly to Microsoft Excel.

  • Integrated case managemenet

    Neofraud™ manages potential fraud cases efficiently throughout the case lifecycle using the integrated case management module.

  • Intuitive GUI

    Neofraud™ reduces the learning curve for new users with an intuitive design and rewards experienced staff with faster processing.

Tailored and Agile Fraud Detection Software

 
  • Flexible implementation

    Neofraud™ can be implemented as a standalone system or integrated with your existing UI tax and benefits system. And, it integrates seamlessly with our flagship Neosurance™ UI Tax and Benefits solution.

  • Simple and efficient configuration

    Powerful neural modeling, or machine learning, enables you to configure the application to predict fraud without the need of complex software programming.

  • Utilize advanced technology to detect fraud

    Neofraud™ offers machine learning technology on a neural network. The neural network model is custom designed based on your requirements. And, the model continually evolves and trains itself based on the actual data the model is evaluating. You can also build multiple models, based on your requirements, and choose the one that is most effective.

  • Knowledge sharing with your UI tax and benefits system

    Neofraud™ automatically creates issues in your UI tax and benefits system to manage potential fraud cases.

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RESOURCES

Visit our resources page to get access to free content, tools and downloads.

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CASE STUDIES

Download our client case studies to learn best practices and useful information.

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WHITEPAPERS

Download whitepapers on the latest industry trends,
challenges and innovations.

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Sagitec Neofraud - To learn more about this solution please contact us for a free demo.

 

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