In the wake of the global pandemic, the risk of payments-related fraud is on the rise. Last year, there was a 112% increase in fraudulent cases between the first and second quarters as fraudsters looked to exploit the disruption caused by COVID-19.
Accounts payable is particularly vulnerable to fraudulent activity, so it’s no surprise that 68% of businesses are now looking for new technologies to enhance their internal controls. Not only can these technologies help your business to reduce the risk of fraud, but they can also free up your team’s time to spend on new vendor registration, supplier queries, issuing payments and much more.
- The risks and challenges of domestic and international payments
- Real examples of how companies fell victim to fraud
- How you can fast-track payments with automation
- AP tools and best practices you can implement to prepare for the remote age
Cheryl Girling: Cambridge Global Payments, Director, Global Enterprise Sales
Cheryl comes with 10 years of experience in leading a team of risk management specialists in orchestrating complex FX programs. She works with businesses to identify and implement successful foreign currency risk management strategies as well as payment solutions.
Jack Di Blasio: Beanworks, Account Executive
As a Beanworks Account Executive, Jack has spoken to thousands of accounting teams about their AP challenges. He helps businesses reduce the costs and risks of accounts payable through automation.
Learn More About Beanworks
Discover how AP automation can free your accounting team from manual data entry, delays, and paper-based processes.