How automation can reduce risk in B2B payments

In the wake of the global pandemic, the risk of payments-related fraud is on the rise. Last year, there was a 112% increase in fraudulent cases between the first and second quarters as fraudsters looked to exploit the disruption caused by COVID-19.   

Accounts payable is particularly vulnerable to fraudulent activity, so it’s no surprise that 68% of businesses are now looking for new technologies to enhance their internal controls. Not only can these technologies help your business to reduce the risk of fraud, but they can also free up your team’s time to spend on new vendor registration, supplier queries, issuing payments and much more.

Learn:

The risks and challenges of domestic and international payments
Real examples of how companies fell victim to fraud
How you can fast-track payments with automation
AP tools and best practices you can implement to prepare for the remote age