Warranty fraud is initially a relatively small issue that, if left unchecked, can erode an OEM's profits and reputation. OEMs have lost millions over the years because of fake warranty claims, and they often don't see it coming.
The industry estimates these fraud claims account for about 3-5% of total warranty expenses, which is enough to make any OEM tremble. The solution? Smart validation, together with efficient warranty management software, prevents warranty fraud before it gets out of contro
