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...
Five Authentication Tactics to Fight Email Attacks, Fraud and the Risk of Sanctioned Suppliers – Three Years After the Start of the Pandemic
On January 15th, 2021, Forbes Technology Council featured Five Authentication Tactics To Fight Email Attacks, Fraud And The Risk Of Sanctioned Suppliers, an article by Akhilesh Agarwal, Chief Operating Officer & Executive Vice President, Global Procure to Pay Solutions & Applied Technology for apexanalytix. At that time, just under a year since the World Health Organization (WHO) declared COVID-19 a...
AI is Your Next Fraudster!
The Wormy Version of ChatGPT ChatGPT, which stands for Chat Generative Pre-trained Transformer, is a large language model-based chatbot developed by OpenAI and launched on November 30, 2022. It does a pretty good job of understanding the question that a user asks, and responding with a clear, mostly accurate, well-written response. There’s controversy around it – concerns that students use...
Establishing Overpayment and Fraud Controls Across Multiple Systems
Overview This private firm owns a diverse group of businesses serving multiple markets – from manufacturing and commodity trading to chemicals and biofuels. With a presence in about 60 countries, it employs more than 100,000 people worldwide. As the company transitioned to a new shared services model for accounts payable, it turned to apexanalytix for tools to strengthen global disbursement...
Driving Down Fraud and Other Supplier Risks
Overview This Fortune 500 firm is one of the nation’s largest retailers in the transportation industry with nearly 150 stores in more than 70 markets. The company turned to apexanalytix for help in driving down supplier risks and uncovering costly fraud scams. “Thanks to apexanalytix experts, we now have better insights into our business processes and controls and the suppliers...
Using a Supplier Portal to Drive Compliance, Reduce Fraud and Improve Working Capital
Overview This US health system and its 30,000-plus employees are committed to transforming the future of healthcare—earning high marks for the quality of care they deliver. Finance executives recently adopted an apexanalytix supplier portal to bring the same spirit of innovation to a new accounts payable (AP) transformation initiative. year it processes more than 8 million invoices from 70,000 suppliers....
Fraud Detect Brochure
CONTINUOUS AUTOMATED PROTECTION THINK YOU DON’T HAVE A FRAUD RISK? Today’s technology-driven business environment can be a haven for fraud perpetrators who are eager to strip unsuspecting companies of valuable financial assets. Nowhere are the challenges greater than in the procure-to-pay cycle, where unscrupulous vendors and employees can cost you dearly. You may think that internal process controls are...
Driving Down Fraud and Other Supplier Risks
Challenge The retailer has more than 250,000 vendors and processes more than five million invoices annually, for total disbursements that exceed $15 billion. There are many lurking opportunities for risks to impact the company’s bottom line. Solution The retailer chose apexanalytix as its strategic partner, tasked with delivering software and services to protect against fraud and other supplier risks....
