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Accounts payable (AP) outsourcing changes what actually happens inside your finance operation. This is an effective step that lowers cost per invoice, improves internal control and reduces late fees. In the meantime, your finance team saves the time that they had to spend working manually. In AP outsourcing, you hand […]

To detect duplicate invoices, finance teams must implement a multi-layered verification process that combines cross-checks with structure audits. Automate your cross-referencing of invoice numbers, vendor names, total amounts and billing dates before processing payments. So, you can instantly flag identical billing data, stop cash leakage and prevent fraud before a […]

Key Takeaways An invoice scam is a type of fraud activity that is usually performed by sending fake, duplicate or inflated invoices to a business or individual. Common methods of invoice scams include vendor impersonation, false invoicing, duplicate invoices, and internal fraud. Common types of invoice scams include fake invoice […]

An audit trail is an essential part of accounting. It tracks every financial transaction in your business to create a safeguard for detecting fraud and errors. An audit trail makes your business highly secure to identify internal fraud, stops duplicate payment and stressful external audits. Key Takeaways An audit trail […]