Guide
7 effective ways to detect and prevent financial loss.
SAP Concur's document, '7 effective ways to detect and prevent AP fraud and financial loss,' addresses the growing challenge of invoice non-compliant spending and sophisticated fraud attempts impacting organizations' financial performance. It highlights that 80% of organizations experience payment fraud attempts, with significant unrecovered losses. The content explains how manual Accounts Payable processes increase vulnerability to fraud, errors, and inefficiencies, negatively affecting cash flow. The solution presented is Concur Invoice, an automated invoice management system. This platform utilizes built-in AI and machine learning to detect fraud in real-time and enforce compliance, proactively preventing issues like duplicate payments and suspicious activity. Beyond fraud prevention, C