Fraud within the Accounts Payable department is more common than you might think, affecting organisations of any size. A lack of time, resources and internal controls make it difficult to spot fraudulent activities. By understanding the risks and how to monitor them, companies can put the right systems and processes in place to tackle it.
If you want to know more about the impact of fraud in Accounts Payable, how the right technology can improve internal controls and more top tips, you can find out in our infographic below.
If you would like to find out more about how the right technology can help reduce fraud in your Accounts Payable department, please contact Jack Wright on 01285 810606 or email jack.wright@yourdms.net.
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Sources: Office for national Statistics, www.peoplemanagement.co.uk, EY, PwC, The National Fraud Authority, Natwest, Association of Certified Fraud Examiners, Chartered Institute of Internal Auditors.
