Daniel Ball

Organized crime and disingenuous individuals are becoming far more practiced and professional in the art of stealing from you. As e-invoicing increases, more payments become digital, or finance functions are siloed, finance is a target for business email compromise (BEC) scams, phishing scams, deepfakes, and internal fraud. In fact, 44% of businesses have been targeted by invoice fraud and 43% of businesses have been hit by Business Email Compromise (BEC) scams according to a 2024 survey of 1,533 finance professionals from Censuswide Research. If you want the upper hand in the fight against fraud, put AI and machine learning to work. In this session, we’ll explore the different ways you can prevent fraud within your AP function, including: 

• Using fraud detection tools that use AI to prevent fraud  
• The importance of a multi-level validation process and segregation of duties 
• Creating a culture of awareness around fraud methods