This white paper emphasizes the rising concern of fraud in accounts receivable and payable due to the digital shift in finance operations. With a reported increase in fraud and companies investing heavily in digital finance technologies, there's a pressing need for robust fraud mitigation strategies. The paper suggests evaluating current processes for automation opportunities, incorporating fraud detection in systems, creating internal checks, and developing staff training as key steps to mitigate AP and AR fraud. It highlights the importance of collaboration between IT and finance teams to safeguard against internal and external fraud threats, emphasizing the role of technology in enhancing security and operational efficiency in the face of increasing digital finance functions.

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