Through this guide, business leaders can develop an accounts payable risk and control matrix, enhancing internal safeguards and becoming more aware of risks.
This shows companies how to protect against accounts payable fraud, illustrating common schemes, prevention strategies, and how automation can help.
2020 has been an eventful a year. A global pandemic, nationwide social unrest, election year… You already know this. The lives of many people and businesses… read more
Companies can receive duplicate invoices for many reasons: vendors may send copies to several contacts in the organization, submit copies by mail and email, send… read more
When accounts payable departments are run correctly, they’re an invaluable piece of an organization. AP can help maintain healthy relationships with vendors, provide detailed visibility… read more
Are your firm's account payable internal controls strong enough to protect your firm from fraud, errors, and other dangers? Here's why internal controls matter —… read more
There are two truths when it comes to accounts payable: AP departments want to pay vendors and suppliers on time AP departments want to pay… read more
Could just one email cost your company $8 million dollars? That is exactly what happened to multi-billion dollar company Advance Publications. A regular vendor sent… read more
By Mary Schaeffer Submitting duplicate copies of the same invoice has turned into a nightmare for a large number of companies. Two-thirds of those responding… read more
Collusion is an ugly word but one that we need to address. Unfortunately, that is exactly what happened at MillerCoors when one of their marketing… read more
By Mary S. Schaeffer Duplicate payments continue to be a top issue for many of our readers. While many have plugged some of the obvious… read more
Invoice fraud is just one of several occupational fraud schemes that cost companies nearly $7 billion in 2018 alone according to a recent study by… read more
According to a new report from Invu, 72% of respondents say at least one of their financial processes exposes their company to the risk of… read more