The Supplier Relationship, more Strategic than ever

The supplier relationship has long been unbalanced, between an “Almighty” customer imposing his will, processes, deadlines and a supplier with no choice but to comply. This finding is reinforced when we know that 25% of business bankruptcies are due to late payments. However, between technological and legislative developments, the supplier relationship is more strategic than

AP Fraud: How it Happens, How to Prevent it

There will always be people who will look for flaws or weaknesses in your processes that they can exploit. Fortunately, there is a lot that technology can do to help you prevent AP fraud. It doesn’t have to be high-tech hacking. Actually, fraud can happen by letter or over the phone and can even catch

Is Artificial Intelligence Effective in Fighting Fraud?

In short, yes, Artificial Intelligence is effective in fighting fraud. It is already preventing a lot of fraud and is expected to dramatically decrease all cases of fraud in as little as 4 years. With changes in technology comes new ways for fraudsters to go about their work. Artificial intelligence (AI) may be the only

Risks Associated With Accounts Payable

Have you looked at a couple of key areas where fraud can be a risk, payment processing issues, and how to resolve these problems? It is time to gain from insights into how to avoid some of the associated risks when processing invoices and capitalise on the advantages of financial automation. Two types of fraud

Artificial Intelligence: A Modern Approach to Combat Fraud

Preventing fraud has never been an easy task… perhaps Artificial Intelligence (AI) is a modern approach to overcoming this age old problem. Not just for organisations but for individuals the possibilities are pretty incredible. We’ve all heard about AI and the wonders that the likes of Google and Tesla are creating with it. In the

Outdated AP Software and the Efficiency of New Systems

Companies run in to the problems caused by outdated software all the time, the “if it isn’t broke don’t fix it” mentality seeps in to technology and causes a stall. More people are scared at what they could lose rather than what they will gain, and in the meantime everything just gets worse and harder