Paycor Doubles ROI in Three Months with Effectiv’s Fraud Prevention Platform
13 Agosto 2024 - 9:00AM
Effectiv, the leading fraud and risk decisioning platform, is proud
to announce a successful collaboration with Paycor (Nasdaq: PYCR),
a leading provider of human capital management (HCM) software.
Using machine-learning, Effectiv enabled Paycor to enhance its risk
management capabilities by intelligently flagging suspicious
activity at scale, helping safeguard financial data for Paycor’s
growing customer base.
Since implementing Effectiv's platform in March 2024, Paycor has
already achieved a 2X ROI within the first three months. Paycor
leverages Effectiv's risk decisioning platform, which offers
flexible controls, rules, ML models, and policies to address
evolving fraud threats and verify bank account changes through
Effectiv’s data intelligence marketplace.
"Effectiv's solution stood out for its flexibility and
robustness," said Joe Maurits, Director of Compliance at Paycor.
"Their platform's ability to adapt to new threat vectors without
extensive re-coding, combined with their partnerships with multiple
validation vendors, provides us with the agility and coverage we
need to protect our clients effectively."
Key benefits include:
Rapid Deployment: Paycor went live with Effectiv in less
than one month after inking the deal.
Enhanced Account Validation: By using Effectiv’s network
graph functionality, Paycor can more effectively pinpoint
suspicious activity and proactively prevent fraudulent account
takeovers, providing greater protection for both Paycor and its
clients from substantial financial losses.
Agile Solution: The flexible nature of Effectiv's
solution enables Paycor to quickly adapt to new fraud trends and
threats by allowing the risk team to confidently change existing
strategies with A/B and back-testing capabilities.
Ravi Sandepudi, Co-Founder and CEO at Effectiv, commented, “Our
mission is to provide robust and adaptive fraud prevention
solutions that integrate seamlessly and evolve in lock-step with
new tactics used by fraudsters. The remarkable success with Paycor
highlights our commitment to protecting businesses from financial
crime, and we are excited about the future potential of our
collaboration.”
Paycor plans to integrate Effectiv's solutions further,
including implementing real-time Know Your Client (KYC) and device
intelligence to further enhance risk mitigation capabilities.
Ends
About EffectivEffectiv provides real-time risk
decisioning, empowering businesses to stay ahead of evolving
threats. Through its flexible risk-based decisioning platform and
partnerships with leading data vendors, Effectiv enables companies
to implement robust, adaptable fraud prevention strategies. For
more information, visit effectiv.ai.
About PaycorPaycor's human capital
management (HCM) platform modernizes every aspect of people
management, from recruiting, onboarding, and payroll to career
development and retention, but what really sets us apart is our
focus on leaders. For more than 30 years, we've been listening to
and partnering with leaders, so we know what they need: a unified
HR platform, easy integration with third party apps, powerful
analytics, talent development tools, and configurable technology
that supports specific industry needs. That's why more than 30,000
customers trust Paycor to help them solve problems and
achieve their goals. Learn more at paycor.com.
Ben Baker, Head of Marketing and Partnerships, at Effectiv on ben@effectiv.ai