Quick answer: How do you reduce fraud in the accounts payable process?
According to Gartner®, “In 2020, 74% of organizations were targets of payment scams, many of which were focused on the accounts payable process.”1 While your company’s finance teams may have internal controls in place, additional capabilities can be implemented to further reduce fraud risk.
One such capability is to leverage vendor solutions, such as Medius AP Automation. Medius helps customers by providing simple tools to help with cash forecasting, working capital, and anomaly detection to prevent risk and fraud.
To read more Gartner recommendations on reducing fraud in the AP process, access the complimentary report using the form below.
What you’ll find in the full report
- Ensuring the integrity of supplier data
- How to audit the invoice process in real-time
- Monitoring for insider fraud
Download the complete report today using the form below.
1Gartner, Quick Answer: How Do You Reduce Fraud in the Accounts Payable Process?, By Akif Khan, Micky Keck, Jonathan Care, 6 December 2021.
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