Simple Ways to Mitigate Fraud Risk in Accounts Payable
Businesses now face increasing fraud risk, creating significant challenges for accounts payable teams. Last year, 78% of businesses were negatively impacted by payments fraud and suffered from financial losses, reductions in efficiency, and damage to corporate brand image.
In this white paper, we’ll review:
- The major fraud risks businesses face today
- How traditional approaches to preventing fraud fall short
- Simple approaches that businesses can incorporate to effectively mitigate those risks
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On an annual basis, companies waste $550 billion on inefficiencies associated with payments. The process of preparing payments and sending them to vendors is extremely manual. In this paper, we look at how automation technology enables you to optimize your payment […]View Whitepaper