Protect against AP crime: Leverage automation and AI to prevent fraud

Overview

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 more defenses in the fight against fraud, put AI and machine learning to work. In this 45-minute webinar, 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

Meet the Speaker