Are You Protected Against Fraud?
Vendor Vetting and Risk Management Control Practices Used The typical organization loses 5 percent of its revenues to fraud each year – an estimated $3.7 trillion globally.* The Association of Certified Fraud Examiners (ACFE) says proactive protection measures are critical. Learn the adoption of risk management best practices by companies looking to prevent, detect and deter fraud. Vendor vetting in...
Rapid Response: How Koch Business Solutions Addressed Their Bank Account Fraud Variances
When Koch Business Solutions realized it needed to stay in front of the growing risks around supplier payment fraud—as well as build an efficient, leading practices workflow for supplier setup and maintenance—it was motivated to find and implement an automated supplier onboarding solution that included risk and fraud validations. If you are also interested in improving efficiency and reducing...
How JetBlue Prevents Fraud, Duplicate Payments and Fines
Joni Geurts, Director, Accounts Payable & Fraud at JetBlue Airways, tells her story of joining the AP department and addressing the biggest issue for her team: limited visibility into SAP. She couldn’t get the information she needed about suppliers, identify duplicate payments or flag suspicious supplier payments as potentially fraudulent. Attend this webinar to hear how she addressed these...
Is Your Business Using Technology to Protect Against Fraud?
Fraud Scams Are Growing Both in Frequency and in Sophistication, Globally Learn the latest in fraud trends in procure to pay and why traditional protections are not enough. According to ACFE 2016 “Report to the Nations,” companies using proactive fraud monitoring experience faster fraud detection and lower losses.
Preventing Fraud at AT&T with Automated Onboarding and Risk Management
100,000+ suppliers. 70+ business units. Lots of email exchanges to onboard suppliers. And it left AT&T exposed to fraud. During this session, we will walk through AT&T’s supplier onboarding process and prevent fraud by transitioning to a self-service supplier portal that protects against fraud and dramatically reduces the manual work required to onboard suppliers. • How AT&T is consolidating...
Preventing Payment Fraud: The New Standard in Bank Account Change Controls
Learn how new bank account change controls are being deployed to match the sophistication of fraudsters. In this webinar, we will share the top 10 Bank Account Change Controls from worst to most effective and the gold standard in bank account change controls. Join us to discover how you can empower your organization to make informed decisions, protect your...
Is Your P2P at Risk for Fraud?
The Corporate Fraud Epidemic The impact of fraud on today’s businesses and organizations is staggering. Just take a look at these examples pulled from headlines. • The former head of digital fraud and security for the international Lloyds Banking Group was charged with defrauding his company of more than £2.5 million by creating false invoices and pocketing the income. •...
Preventing Payment Fraud: Another Significant Advancement in Bank Account Change Controls
The landscape for financial fraud has evolved in the past year. Fraud prevention requires companies to be proactive and stay updated on the latest advancements against the ever-adaptive tactics of fraudsters. Learn how to strengthen your controls to prevent bank account fraud and protect your business from even the most sophisticated schemes. In this webinar, you will learn: ...
A How-To-Guide for Preventing Procurement and Vendor Fraud Prevention
Fraud Happens Though accounts payable teams have always had to contend with fraud, today’s scams seem to be more sophisticated and more costly than ever before. One example: The FBI recently arrested a cable TV executive on charges of defrauding his employer of more than $8 million. He is alleged to have initiated contracts for services with companies he owned,...
The Payment Fraud Report
Real-world fraud stories and how to prevent them all There is no better way to learn about the importance of fraud protection than to hear first-hand experiences of your industry peers. The Payment Fraud Report highlights six real-world payment fraud cases and the solution that could have prevented them all: Bank Account Ownership Validation. Find out what happened in these...
