Accounts Payable Workflow & Accounts Payable Automation
  • HOME
  • WEBINARS
  • ACCOUNTS PAYABLE (AP) INVOICE AUTOMATION
    • WHAT IS ACCOUNTS PAYABLE AUTOMATION
    • 100 REASONS WHY YOU NEED ACCOUNTS PAYABLE AUTOMATION
    • GETTING YOUR CFO TO SAY YES TO AP AUTOMATION
    • THE NEW ACCOUNTS PAYABLE DEPARTMENT
    • VIRTUAL DEMO: AP AUTOMATION
    • AP INVOICE SCANNING
    • AP AUTOMATION SOFTWARE
    • REMOTE AP AUTOMATION
    • ELECTRONIC PAYMENT PROCESSING
  • CUSTOMER SUCCESS
    • INDUSTRIES >
      • AGRICULTURE
      • CONSTRUCTION
      • FOOD & BEVERAGE
      • HEALTHCARE
      • HIGHER EDUCATION
      • HOSPITALITY
      • LIFE SCIENCES
      • MANUFACTURING
      • RETAIL
      • TECHNOLOGY
      • TRANSPORTATION
  • ACCOUNTING SYSTEMS
    • AS400 INTEGRATION
    • EPICOR INTEGRATION
    • INFOR INTEGRATION
    • JD EDWARDS INTEGRATION
    • LAWSON INTEGRATION
    • MEDITECH INTEGRATION
    • MS DYNAMICS 365 AP AUTOMATION
    • MS DYNAMICS GP AP AUTOMATION
    • MS DYNAMICS NAV AP AUTOMATION
    • MS DYNAMICS INTEGRATION
    • ORACLE INTEGRATION
    • PEOPLESOFT INTEGRATION
    • QAD INTEGRATION
    • QUICKBOOKS INTEGRATION
    • SAGE INTEGRATION
    • SAP INTEGRATION
  • BLOG
  • RESOURCES
    • PRICING
    • GLOBAL SOLUTIONS
    • SOC AUDITED CONTROLS
    • FAQ's
    • PARTNERS
    • WHITE PAPERS
  • CONTACT
    • SUBMIT RFP
    • SUPPORT
    • ABOUT
    • CAREERS
  • Vision360 Customer Success

Accounts Payable Email Invoice Scams... How Can They Be Prevented?

7/9/2021

0 Comments

 
Picture

Small-to-Midsize business are frequent targets of accounts payable scams and email invoice fraud. Email is one of the easiest methods used by scammers and fake invoices is one of the most common types of fraud.  According to a survey by the Association for Financial Professionals, 81% of organizations have been targets of fake invoices and payments fraud since 2019. Large companies are not immune to this type of fraud they typically have more resources and technology available to utilize in their fight against this ongoing battle.

Let's face it, on a daily basis scammers, hackers and fraudsters are coming at organizations from every conceivable angle, using whatever they can to get and steal information and money. It is very difficult for average people to recognize what is a fake email, or phone call or activity and prevent or stop these attacks. An organization needs every single person, employee and staff member to be on the lookout, vigilant and recognize what is a scam vs what is not.

The best way to combat fake invoices and payments fraud is with a enterprise level Accounts Payable Automation solution. Accounts Payable automation solutions can help address fraud issues. Most enterprise level AP Automation systems are based on systematic checks and balances based on financial principals and rules.

Here are a few examples of systematic checks and balances that an enterprise AP Automation system like our Vision360 Enterprise system can provide businesses in the fight against payment invoice scams and payments fraud:
  • Is the vendor valid and approved in the ERP system for payment
  • Are buyers authorized to approve invoices and match their authority limits
  • Apply systematic segregation of duties and invoice escalations
  • Do invoices match against purchase orders issued by procurement
  • Eliminate manual data entry of invoices for posting and payment
  • Complete audit trail of invoice approval, payment and invoicing lifecycle

These are some high-level examples of ways that enterprise level AP Automation can assist in the fight against hacking, phishing and fraudulent invoice activity. Of course the benefits of an enterprise level AP Automation system goes well beyond fraud prevention and helps businesses of all types and sizes to improve efficiencies by eliminating the tedious error-prone tasks of receiving, routing, coding, matching, approving and entering invoices into the ERP system for payment.

For more information about our Vision360 Enterprise AP Automation solution and how it can help you address these challenges and more, please contact us at 603-437-1400 or contact us directly using the button below.
0 Comments

Can AP Automation Prevent Invoicing Scams and Potential Fraudulent Payments?

7/9/2021

0 Comments

 
Picture
Small-to-Midsize business are frequent targets of accounts payable scams and email invoice fraud. Email is one of the easiest methods used by scammers and fake invoices is one of the most common types of fraud.  According to a survey by the Association for Financial Professionals, 81% of organizations have been targets of fake invoices and payments fraud since 2019. Large companies are not immune to this type of fraud they typically have more resources and technology available to utilize in their fight against this ongoing battle.
Let's face it, on a daily basis scammers, hackers and fraudsters are coming at organizations from every conceivable angle, using whatever they can to get and steal information and money. It is very difficult for average people to recognize what is a fake email, or phone call or activity and prevent or stop these attacks. An organization needs every single person, employee and staff member to be on the lookout, vigilant and recognize what is a scam vs what is not.
The best way to combat fake invoices and payments fraud is with a enterprise level Accounts Payable Automation solution. Accounts Payable automation solutions can help address fraud issues. Most enterprise level AP Automation systems are based on systematic checks and balances based on financial principals and rules.
Here are a few examples of systematic checks and balances that an enterprise AP Automation system like our Vision360 Enterprise system can provide businesses in the fight against payment invoice scams and payments fraud:
  • Is the vendor valid and approved in the ERP system for payment
  • Are buyers authorized to approve invoices and match their authority limits
  • Apply systematic segregation of duties and invoice escalations
  • Do invoices match against purchase orders issued by procurement
  • Eliminate manual data entry of invoices for posting and payment
  • Complete audit trail of invoice approval, payment and invoicing lifecycle
These are some high-level examples of ways that enterprise level AP Automation can assist in the fight against hacking, phishing and fraudulent invoice activity. Of course the benefits of an enterprise level AP Automation system goes well beyond fraud prevention and helps businesses of all types and sizes to improve efficiencies by eliminating the tedious error-prone tasks of receiving, routing, coding, matching, approving and entering invoices into the ERP system for payment.

For more information about our Vision360 Enterprise AP Automation solution and how it can help you address these challenges and more, please contact us at 603-437-1400 or contact us directly using the button below.
Contact Us
0 Comments

    Author

    Vision360 Enterprise  Accounts Payable Automation Solution by BlueCreek Software reduces time wasted chasing down paper invoices by automating invoice approvals, eliminating manual data entry, eliminating paper invoices and reducing processing costs.

    Categories

    All
    Accounts Payable Automation
    Accounts Payable Automation Quote
    Accounts Payable Automation Systems
    Accounts Payable Best Practices
    Accounts Payable Fraud
    Accounts Payable OCR
    Accounts Payable Processing
    Accounts Payable Quote
    Accounts Payable ROI
    Accounts Payable Workflow
    Accounts Payable Workflow Quote
    AP Automation
    AP Fraud
    Eliminate Data Entry
    Fraud Prevention
    Great Plains
    Happy Vendors
    Important Accounts Payable Metrics
    Invoice Automation
    Invoice Ocr
    Month End Accounts Payable
    MS Dynamics
    Prevent Fraud
    Preventing Fraud
    Stop Ransomeware
    Vision360 Enterprise

    Archives

    November 2022
    August 2022
    July 2022
    May 2022
    March 2022
    February 2022
    December 2021
    October 2021
    July 2021
    March 2021
    January 2021
    December 2020
    April 2020
    March 2020
    September 2019
    June 2019
    May 2019
    April 2019
    January 2019
    July 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    October 2017
    August 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    March 2014

    RSS Feed

    See AP Automation Live!
All Rights Reserved 2023 Vision360 Enterprise® is a registered trademark of BlueCreek Software.   
​
Privacy.

Use of Cookies.

  • HOME
  • WEBINARS
  • ACCOUNTS PAYABLE (AP) INVOICE AUTOMATION
    • WHAT IS ACCOUNTS PAYABLE AUTOMATION
    • 100 REASONS WHY YOU NEED ACCOUNTS PAYABLE AUTOMATION
    • GETTING YOUR CFO TO SAY YES TO AP AUTOMATION
    • THE NEW ACCOUNTS PAYABLE DEPARTMENT
    • VIRTUAL DEMO: AP AUTOMATION
    • AP INVOICE SCANNING
    • AP AUTOMATION SOFTWARE
    • REMOTE AP AUTOMATION
    • ELECTRONIC PAYMENT PROCESSING
  • CUSTOMER SUCCESS
    • INDUSTRIES >
      • AGRICULTURE
      • CONSTRUCTION
      • FOOD & BEVERAGE
      • HEALTHCARE
      • HIGHER EDUCATION
      • HOSPITALITY
      • LIFE SCIENCES
      • MANUFACTURING
      • RETAIL
      • TECHNOLOGY
      • TRANSPORTATION
  • ACCOUNTING SYSTEMS
    • AS400 INTEGRATION
    • EPICOR INTEGRATION
    • INFOR INTEGRATION
    • JD EDWARDS INTEGRATION
    • LAWSON INTEGRATION
    • MEDITECH INTEGRATION
    • MS DYNAMICS 365 AP AUTOMATION
    • MS DYNAMICS GP AP AUTOMATION
    • MS DYNAMICS NAV AP AUTOMATION
    • MS DYNAMICS INTEGRATION
    • ORACLE INTEGRATION
    • PEOPLESOFT INTEGRATION
    • QAD INTEGRATION
    • QUICKBOOKS INTEGRATION
    • SAGE INTEGRATION
    • SAP INTEGRATION
  • BLOG
  • RESOURCES
    • PRICING
    • GLOBAL SOLUTIONS
    • SOC AUDITED CONTROLS
    • FAQ's
    • PARTNERS
    • WHITE PAPERS
  • CONTACT
    • SUBMIT RFP
    • SUPPORT
    • ABOUT
    • CAREERS
  • Vision360 Customer Success