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CASE STUDY - AI Application- Fraudulent Reimbursement Claims Detection

Cylsys Software develops a path breaking AI application which automates the review of expense claim documents submitted by employees, leveraging advanced machine learning algorithms to detect anomalies and potential fraud.

Client Overview

The client is a prominent financial services group in India with a strong focus on wealth management, asset management, capital markets, and investment banking. They also have a strategic JV in real estate, making them a diversified player in the financial sector.

The Challenge

The review and validation of employee expense claim documents was a manual, tedious, and error-prone process. The inherent risks of human oversight meant that fraudulent claims, if undetected, could result in financial loss and compliance issues for the organization.

Key Challenges

    • Automate the review and fraud detection of expense claims
    • India (Corporate Financial Operations)
    • Automation with live deployment in active finance operations
    • Organization-wide claim processing with growing employee base

Operational Pain Points:

    • Manual processing errors
    • Complexity in detecting fraudulent claims
    • Challenges in enforcing company policies uniformly
    • Financial risks due to undetected anomalies
    • Scalability concerns with increasing claims volume

Our Solution

Cylsys developed an AI-powered expense management system, automating the review of claims and using advanced machine learning algorithms to detect anomalies and potential fraud.

Tech Stack Used: Azure Functions, Open AI, Azure Services
    Key Solutions Implemented:
    • AI-powered automation for claim document review
    • Fraud detection algorithms to identify anomalies
    • Streamlined expense management workflows
    • Advanced analytics and reporting for finance teams
    • Scalable and flexible system architecture

Process Efficiency

    • Significantly reduced manual intervention and processing time
    • Automated fraud detection with real-time flagging of suspicious claims
    • Enhanced compliance with corporate policies and audit standards

Project Timeline at a Glance

Phase
  • Planning
  • Team Setup
  • Execution Rollout
  • Real-Time Tracking
  • Goal Achieved
Highlights
  • Process mapping and risk analysis  
  • AI developers and Azure engineers deployed
  • System integration with live finance operations
  • Monitoring of flagged transactions and accuracy
  • Reduced fraud risk and improved processing speed

About Cylsys Software Development

Cylsys develops intelligent, enterprise-grade software solutions designed to automate critical business operations, enhance compliance, and reduce financial risks.

    What We Offer
    • AI-Powered Business Applications
    • Secure Financial Workflows & Automation
    • Analytics, Reporting & Compliance Tools
    • Web & Mobile Application Development
    • Enterprise-Grade Data Security & Integrations

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Whether it's AI-driven automation or financial risk management solutions, Cylsys delivers intelligent software that drives control, efficiency, and operational success.

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