AI Fraud Prevention
Stop AI Procurement Fraud at the source
Coverbase is the only platform built to stop AI procurement fraud before invoices ever reach AP. Developed by fraud and risk leaders from Unit21, it embeds real-time checks into intake and change requests—verifying suppliers, validating banking details, and flagging anomalies while the request is still in workflow. Most teams rely on email verification and basic ERP fields to catch fraud. Bank details are keyed in by hand, vendor changes are approved on trust, and only a few people can spot when something looks off. By the time AP pays, it’s often too late. Coverbase makes fraud controls part of the standard procurement process, not a separate investigation.
See the Coverbase platform in action in a live session tailored to your vendor risk and procurement workflows.
Key capabilities
Everything you need for Vendor Fraud Detection at intake
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Built-in vendor fraud detection at request time
Every new vendor and every banking change is scanned through an embedded vendor fraud detection engine. Signals from ownership data, geography, and behavior highlight risky requests so AP and procurement don’t have to guess.
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Real-time bank account validation on every change
Requests that touch payout details trigger live bank account validation, checking that the account belongs to the expected legal entity and matches prior history. This bank account validation runs before approval, not after payment files are generated, and is logged for audit
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3. Cross-checks against sanctions and duplicates
New suppliers are checked for conflicts, sanctions, and look-alike entries. Combined with bank account validation, this prevents common fraud patterns like fake subsidiaries or duplicated vendors with altered payment details.
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4. End-to-end traceability for investigations
Every fraud rule hit, override, and approval is tied back to the request and vendor record. Investigations can immediately see who changed what, when, and why—without sifting through email.
Why bank-grade Vendor Fraud Detection matters
Traditional controls were designed for a world of paper forms and static master data. Today, attackers use fake domains, AI-written emails, and convincing documents. Relying on manual reviews or ERP fields alone creates blind spots. Coverbase brings vendor fraud detection into the same system that runs intake and approvals. That means:
Fraud checks are applied consistently, not only when someone remembers.
Exceptions and overrides are documented, so you can explain decisions to audit and regulators.
Risk, procurement, and finance share one view of the vendor and its payment posture.
For banks, credit unions, and other highly scrutinized organizations, this bank-grade posture is the difference between a near miss and a loss.
Real-Time Bank Account Validation, by design
Ownership-level checks
Live bank account validation confirms that the beneficiary name and account belong together, reducing risk from account-takeover and impersonation attempts.
Tied directly to workflow
Approval cannot progress until required bank account validation and ID checks are complete. No side spreadsheets, no ad-hoc emails.
Aligned with policy
Different thresholds and rules can be applied based on geography, currency, and criticality—so high-value changes get the tightest scrutiny.
Benefits
Real impact for procurement, finance, and risk teams
Prevent payment fraud without slowing the business
Fraud controls are embedded in the standard flow, so you prevent payment fraud while keeping cycle times predictable.
Less manual investigation
High-risk changes are pre-triaged with context—who requested it, what changed, and which signals were triggered. Analysts focus on a short, meaningful queue.
Cleaner supplier master
Duplicate, suspicious, and incomplete vendor records are reduced at the source, improving reporting and downstream controls.
Stronger audit and regulator posture
Every decision is timestamped and attributable. You can show exactly how a suspicious request was handled.
Ready to secure your spend with
embedded AI procurement fraud controls?
See the Coverbase platform in action in a live session tailored to your vendor risk and procurement workflows.