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Common Methods of Accounts Payable Fraud

oAppsNet

Accounts payable (AP) fraud is a significant threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated in exploiting vulnerabilities within the accounts payable process to misappropriate funds, steal from companies, or manipulate financial data.

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What is Accounts Payable Fraud?

oAppsNet

Accounts Payable (AP) fraud is like a hidden drain slowly sucking the lifeblood out of your business. This article will explore accounts payable fraud, its different forms, and how to spot it before it causes severe damage. What is Accounts Payable Fraud? Scary, right?

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How to Calculate Accounts Payable Automation ROI

AvidXchange

Consider several important elements when calculating accounts payable automation ROI, or use our AP automation ROI calculator below for an estimate of how much your company can save by automating accounts payable. Hardware like scanners for capturing paper invoices may also be included in this category.

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Warning Signs of Accounts Payable Fraud and How to Address Them

oAppsNet

Accounts payable (AP) fraud is a growing threat to businesses of all sizes. As enterprises navigate this evolving risk, it’s crucial to understand the warning signs of accounts payable fraud and take proactive measures to address them. Warning Signs of Accounts Payable Fraud 1.

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Accounts Payable: Benchmarking your KPIs

The Institute of Financial Operations

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. That’s quite a difference and statistics should be taken with a ‘pinch of salt’.

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8 common accounts payable pitfalls and how to avoid them

AP Association

It's tough enough running a business without having to worry about making mistakes with your accounts payable. The following is a list of the most common accounts payable mistakes you should watch out for and try your best to avoid. Always check to see if the invoice has already been paid when making a payment.

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How to optimise accounts payable the easy way

AP Association

For many years, businesses have viewed accounts payable as a routine but necessary back-office task. Invoices come in and, eventually, money goes out of the company bank account. It’ll be costly to administer your accounts payable, and you run the risk of irritating your suppliers.