Fraud Prevention for AP and AR

The article “Are Your Internal Team Members Collecting Your Required Vendor Documents?  It’s Risky” discusses the risks associated with collecting sensitive vendor information

As fraud schemes grow more sophisticated, conventional safeguards are often bypassed.  During the last 90 days there were four fraud scams that highlight that not only do fraudsters know your

Adding or changing a vendor requires the collection of sensitive information, which can introduce risks if handled by internal team members. These risks include outdated data and exposure of

The Internal Revenue Service (IRS) offers various e-News subscriptions to keep the public and specific groups informed about tax-related matters. These subscriptions are organized by audience,

The Better Business Bureau (BBB), a nonprofit organization initially founded to combat false advertising, but now has evolved into offering a wealth of free resources and validated information to

As cybercrime evolves, so do the tactics of fraudsters. Business Email Compromise (BEC) attacks, once focused on traditional payment methods, now increasingly exploit cryptocurrency for illicit

Vendor Payment Fraud Is Escalating — Is Your Team Prepared? Email-based Business Email Compromise (BEC) attacks are growing more targeted and deceptive, especially when vendor changes rely on

For accounts payable (AP) and vendor teams, ensuring that payments reach the correct, legitimate vendors is critical. Bank account ownership validation has emerged as a key tool in this fight against