Fraud & AP Solutions: Did Your Supplier Change Banks or are You Getting Robbed?
Fraud shouldn’t just be a “cost of doing business.”
RegisterOrganized crime and disingenuous individuals are becoming far more practiced and professional in the art of stealing from you.
They thrive on:
- Manual invoice processes.
- Messy paper trails.
- Finance people who can make transactions without additional approval.
44% of businesses have been targeted by invoice fraud. 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, turning your manual or template-based processes into secure, autonomous processes. The real promise of AI and machine learning isn’t merely simplifying manual AP processes, it’s eliminating them.
Key Insights:
- Censuswide Research on the current impact of fraud within AP.
- How AI and ML can mitigate the risk of fraud within AP.
- Moving beyond automated AP processes to autonomous.
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