Whistleblower Hotline

What Systems do you have in place to prevent fraud and dishonesty in your workplace?

Over four fifths of frauds experienced by businesses are committed by their own employees or managers. The more employees or managers that conspire to commit the fraud results in an increase in the overall amount defrauded. Unfortunately, the employees and managers of a business rank highly as a major threat when it comes to internal fraud.

Surveys conducted by the Association of Certified Fraud Examiners [ACFE] have shown that the largest single method of discovery for a fraud is via a tip-off by a fellow employee, contractor or the public who has spotted part of the fraudulent behaviour and alerted management. Such action can save a business tens or hundreds of thousands of dollars in losses and remedial action to the incident of fraud.

Therefore, one of the best – and economical – systems to have in place to prevent fraud occurring is a Whistleblower Hotline. Such a Hotline empowers employees, managers, contractors or the public to anonymously voice their concerns and alert a business that something dishonest is occurring. A Whistleblower Hotline is accessible to employees, managers and contractors via a direct phone number and email address so that they can report their suspicions discreetly and if need be, anonymously. All such reports are logged and investigated to establish the veracity and whether further action should be taken.

Therefore, implementing a Whistleblower Hotline within your business is a prudent financial move. We at Summit Investigations are experienced with such anti-fraud measures and can assist you with designing, creating and operating a Whistleblower Hotline. We can help monitor the feedback from the employees as well as create a training system to raise awareness as to how to spot, discover and report possible fraud or dishonest behaviour.

In our experience, well implemented and publicised Whistleblower Hotlines are integral to establishing the perception amongst employees that fraud will be detected and that fraud or dishonesty will not be tolerated. Creating such a strong ethic and atmosphere towards fraud within the business is the essential first step in preventing fraud.

An added benefit of implementing a Whistleblower Hotline is that employees and contractors are able to report other incidents which cause them concern within the business. These incidents may relate to workplace drunkenness / drug taking, colleague bullying, sexual harassment, time card fixing or computer misuse.  Essentially, a Whistleblower Hotline functions as a crucial part of an effective risk management system, ensuring that a business has in place effective tools to empower their employees, managers and contractors to report their concerns.

A Whistleblower Hotline will help promote a beneficial work environment, ethical behaviour and overall increase employee morale.  Such an environment means that the bad apple employees will leave whilst the good ones stay; a boost to the business efficiency and profitability.

So, as mentioned at the top of this page – What Systems do you have in place to prevent fraud and dishonesty in your workplace? The benefits are as numerous as they are obvious, now is the time to act.

Call us today and we can discuss with you how to implement an effective Whistleblower Hotline to benefit your business.

Please feel free to call us direct on now on 1300 608 530 to discuss your requirements or else send an email to our confidential address Contactus@summitinvestigations.com.au and we will contact you at your convenience. Summit Investigations operates Australia wide, from Adelaide, Melbourne, Sydney and Brisbane across to Perth, as well as overseas.

What Systems do you have in place to prevent fraud and dishonesty in your workplace?

 

Over four fifths of frauds experienced by businesses are committed by their own employees or managers. The more employees or managers that conspire to commit the fraud results in an increase in the overall amount defrauded. Unfortunately, the employees and managers of a business rank highly as a major threat when it comes to internal fraud.

 

Surveys conducted by the Association of Certified Fraud Examiners [ACFE] have shown that the largest single method of discovery for a fraud is via a tip-off by a fellow employee, contractor or the public who has spotted part of the fraudulent behaviour and alerted management. Such action can save a business tens or hundreds of thousands of dollars in losses and remedial action to the incident of fraud.

 

Therefore, one of the best – and economical – systems to have in place to prevent fraud occurring is a Whistleblower Hotline. Such a Hotline empowers employees, managers, contractors or the public to anonymously voice their concerns and alert a business that something dishonest is occurring. A Whistleblower Hotline is accessible to employees, managers and contractors via a direct phone number and email address so that they can report their suspicions discreetly and if need be, anonymously. All such reports are logged and investigated to establish the veracity and whether further action should be taken.

 

Therefore, implementing a Whistleblower Hotline within your business is a prudent financial move. We at Summit Investigations are experienced with such anti-fraud measures and can assist you with designing, creating and operating a Whistleblower Hotline. We can help monitor the feedback from the employees as well as create a training system to raise awareness as to how to spot, discover and report possible fraud or dishonest behaviour.

 

In our experience, well implemented and publicised Whistleblower Hotlines are integral to establishing the perception amongst employees that fraud will be detected and that fraud or dishonesty will not be tolerated. Creating such a strong ethic and atmosphere towards fraud within the business is the essential first step in preventing fraud.

 

An added benefit of implementing a Whistleblower Hotline is that employees and contractors are able to report other incidents which cause them concern within the business. These incidents may relate to workplace drunkenness / drug taking, colleague bullying, sexual harassment, time card fixing or computer misuse.  Essentially, a Whistleblower Hotline functions as a crucial part of an effective risk management system, ensuring that a business has in place effective tools to empower their employees, managers and contractors to report their concerns.

 

A Whistleblower Hotline will help promote a beneficial work environment, ethical behaviour and overall increase employee morale.  Such an environment means that the bad apple employees will leave whilst the good ones stay; a boost to the business efficiency and profitability.

 

So, as mentioned at the top of this page – What Systems do you have in place to prevent fraud and dishonesty in your workplace? The benefits are numerous as they are obvious, now is the time to act.

 

Call us today and we can discuss with you how to implement an effective Whistleblower Hotline to benefit your business.

 

Please feel free to call us direct on now on 1300 608 530 to discuss your requirements or else send an email to our confidential address Contactus@summitinvestigations.com.au and we will contact you at your convenience. Summit Investigations operates Australia wide, from Adelaide, Melbourne, Sydney and Brisbane across to Perth, as well as overseas.