Preventing Payroll Fraud: How an HRMS Solution Like FabHr Can Safeguard Your Organization
An HR Executive at a hospital was responsible for manually processing payroll, a task that offered ample opportunity for manipulation. Between October 2023 and November 2024, this individual exploited the system’s lack of automation to orchestrate a scam amounting to nearly ₹90 lakh. By fabricating the existence of 200 ghost employees, he funneled funds into his own accounts, bypassing oversight due to the absence of a robust HR management system.
If the organization implemented an HRMS solution like FabHr, this fraud could have been entirely avoided. FabHr, a cutting-edge HR management software, requires authentic personal details for every employee, eliminating the possibility of fake entries. Its advanced payroll automation features ensure transparency and accuracy, significantly reducing the risk of fraud.
The incident underscores the critical need for organizations to recognize the value of HRMS in their operations. Without modernized systems like FabHr, businesses leave themselves vulnerable to costly mistakes and fraudulent activities. Investing in reliable HR automation not only streamlines processes but also safeguards organizational integrity.
For more details, contact us at 09893569668 or info@fabhr.in
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