Are you working with vendors who pose a fraud risk?
Take a 2-minute vendor risk quiz
Many procure-to-pay teams are surprised to find that issues lurking in their vendor master are leaving their business open to fraud. Though maintaining an effective risk management program is an important first step towards protection, it can be virtually impossible to screen each vendor record and each invoice manually for fraud-related trends and anomalies—especially before disbursements are made. Instead it takes a comprehensive, technology-enabled process to protect your company from costly losses. Is your vendor master leaving your accounts payable at risk? Take our short quiz to find out.
You may also be interested in downloading this white paper: Six Signs That Your Company Is at Risk for Fraud. Read about the impact of fraud on today’s global businesses and how the typical organization loses 5 percent of its revenues to fraud each year – an estimated $3.5 trillion dollars industry-wide.