Business Fraud Prevention, LLC - The Vitalics System

New Application Designed to Prevent Small Business Fraud and Costly Accounting Mistakes

LogoEach year small businesses, which employ up to 50 percent of the American workforce, lose roughly $630 billion dollars to fraud. According to the Association of Certified Fraud Examiners– It is estimated that the typical organization loses 5% of its revenues to fraud each year. Due to their limited resources, small businesses can be especially devastated by fraud. Small organizations experienced an average fraud frequency of 37% compared to larger organizations that averaged only 20%. The lack of internal controls is the number one identifying factor for the small business.