Mitigating Risks: How Outsourcing Payroll Reduces Errors and Fraud
Segregation of Duties:
Assign tasks to different individuals for accountability.
Strict Access Controls:
Limit access to authorized personnel only.
Data Encryption:
Secure transmission and storage of sensitive information.
Fraud Detection Systems:
Use analytics tools to detect anomalies.
Ongoing Monitoring:
Regular oversight to ensure adherence to procedures.
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