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Quick Answer: How Do You Reduce Fraud in the Accounts Payable Process?

Every data point on fraud is unsettling.

In this article, Gartner outlines their three pillars to reduce fraud in the AP process with sample solutions to create this foundation of protection.

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Spend protected annually

50M+

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$3B+

Overpayments prevented or recovered annually

10M+

Communications with suppliers annually

4.7M+

Suppliers on apexportal

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Integrated data sources

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"Last year, we discovered one of our suppliers was committing fraud..."

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THE PAYMENT FRAUD REPORT

New Defenses Against Sophisticated P2P Fraud

Payment fraud is becoming more and more sophisticated every day. Read real-world fraud stories and learn how to prevent them all.

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Focus on what matters

Worried the continued world distractions are causing overpayments? No time to search for errors and statement credits? Do a recovery audit with minimal involvement from your internal teams.

Finally, understand how your current processes lead to overpayments with our Management Assessment Report and make an impact on your AP controls.

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$2 Million per billion slip through most ERP controls. Prevent overpayments with firststrike.

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1 The 2020 AFP Fraud Payment Controls Report
2 ACFE Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse.
3 Gartner Quick Answer: Quick Answer: How Do You Reduce Fraud in the Accounts Payable Process? Jonathan Care, 6 December 2021.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from apexanalytix.