September 2021: 2021 Quarterly Trends in Invoicing

Metric of the Month: Invoices on the Rise

The number and size of invoices have climbed for the vast majority of AP teams for the third consecutive quarter, a recent IOFM poll revealed. Every new invoice increases the likelihood for a fraudulent invoice to slip through the cracks, particularly as organizations work through the changes to in-office vs. home-based staff, and the accompanying confusion about invoice routing and secure processes. Moreover, because the size of invoices is also expanding, the size of potential fraud is also likely to be larger.

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