Presented by TEZ Technology

In today’s automated world, fraud prevention and detection are becoming a priority for every industry and organization. The parking industry is no exception. Owners and operators depend on both internal and external auditing procedures to identify potential vulnerabilities while implementing strategies to maximize their security. Being at risk of fraud in your organization can potentially lead to significant costs financially, as well as to your organization’s reputation.

In this learning lab, TEZ will discuss how and why fraudulent activities occur, and what to look for in your automated parking operation to identify potential fraud. The session will highlight potential red flags, the areas of your operation that could be most at risk, and the procedures and tools you can implement to reduce potential losses. Given that a significant portion of risk results from noncompliance with policies and procedures, attendees will learn how this puts their operation at risk of potential fraud and/or other revenue losses.

Learn how to harness the strengths of your automated parking resources, people, and data to reduce risk and maximize your organization’s productivity and security. We will also show you how to create your own review process to verify compliance and identify any fraud risk in your operation.