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Here’s How Business Process Automation Can Help Large Corporations Catch Errors, Fraud, and Theft
The larger a company grows, the more complex the business processes become. As budgeting, purchasing, expense reporting, accounting, and payments become more complex there’s a greater risk that errors, fraud, and theft could go unnoticed. Without careful oversight, it’s easy […]
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Detecting and Preventing Internal Accounts Payable Fraud: Understanding the Essential Questions Behind Fraud in the AP Department
Money missing within a company may be the result of miscalculations. But there’s also the chance it could be fraud from within the company. You may never want to suspect an employee of fraud, but it does happen and if […]
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Answering Questions About Risk Assessment and Cyber Security for CFOs
Cybersecurity breaches don’t just put data in danger. They represent a huge risk to the company’s bottom line and to its professional reputation. With so much at stake, C-level executives are taking an increasingly active role in cybersecurity. In many […]
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Here Are 5 Payment Controls That You Really Need In Accounts Payable
Payment controls give your accounts payable department a fighting chance against fraud. They also give you the oversight and tools you need to stop losing money in other ways, such as through late-payment fees. Implementing payment controls is easy with […]
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4 Ways You Can Use Accounts Payable Automation To Help Catch and Prevent invoice Fraud
Accounts payable is a prime target for fraud. Because so many AP departments are flooded with paperwork, understaffed, and running behind schedule they’re often seen as “easy prey.” They just don’t have the time or resources to efficiently battle fraud. […]
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3 Things You Need To Know About Expense Fraud and How to Avoid Fraud
We’d all like to think that our companies employ honest, trustworthy people. And it’s true that a large percentage of your employees probably are as honest as you hope them to be. In fact, by far the most common way […]
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Here’s How To Keep Employees From Misusing Expense Reports
Your expense reporting system offers one of the easiest ways for employees to steal from your business. Maybe they think they’re no harm in charging a few non-business expenses to the company card while on a trip. Or perhaps they’re […]
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How Much Do You Need to Worry About AP Fraud? 5 Key Factors To Consider
Fraud isn’t something we like to think about. We’ll put controls in place to prevent it, of course, but unless fraud actually causes a major problem for our companies we’d rather let other people worry about it. But if you’re […]
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The 5 Things About Accounting Fraud That You Need to Know
Every company combats fraud. If your organization hasn’t yet been a target for fraud, it’s probably just a matter of time. Whether it’s internal embezzlement and purchasing fraud, fraudulent financial reporting, or attacks on the AP department, fraud represents a […]
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4 Ways To Fight Expense Fraud
One of the simplest ways for fraudsters to steal from your company is through expense reimbursements. This type of fraud is also easily overlooked. After all, how much impact can a few pay-per-view movies on the hotel bill and pocketed […]
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7 Tips For Preventing Invoice Fraud
The Accounts Payable department is a prime target for fraud. Criminals looking to exploit your business take advantage of AP departments buried in paperwork to submit phony invoices and hope they’ll slip by as legitimate. A single fraudulent invoice might […]
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