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Fraud is an ever present threat for AP and AR practitioners. The pages in this section will help you take appropriate steps to prevent fraud - or, understand what to do if you think you are the victim.
By Kerry Schmidt, APMD A previous article in Managing Accounts Payable addressed some of the overarching implications of smart phones in today's workplace. Here we dig a little deeper, look at mobile
… Read MoreAnother Step Toward Preventing Fraud The CEO of a multi-million dollar manufacturing plant received numerous tips that an employee within the organization's accounts payable department was committing
… Read MoreAccounts payable, beware. Just when you thought every fraudulent scheme that could be conceived already has been, you learn better. Yet another scam artist has devised a way to pilfer money from your
… Read MoreSwiper, No Swiping! Have you heard the news? The word on the corporate block is white collar criminals are making out like the little masked fox in Dora the Explorer. Swiper may be cute; real
… Read MoreA large manufacturer conducting a surprise internal AP audit, discovered that a trusted employee of 24 years had stolen more than $2 million from the company.
The employee, a senior employee in the
… Read MoreAs payments increasingly move from checks to other payment methods, the fraudsters are following. ACH, once virtually fraud free, has seen a rise in fraudulent activity as barriers to the use of ACH
… Read MoreVariations and Additional Strategies, Including an EFT Tip Reverse Positive Pay Reverse Positive Pay is an alternative offered by many financial institutions. It is an excellent source for companies
… Read MoreAFP Survey Finds Majority Experienced Payment Fraud in 2011 Your organization is at risk for payments fraud. The 2012 survey by the Association for Financial Professionals (AFP), sponsored by
… Read MoreGeorge Thomas of Radix Consulting Corporation reports that banks and companies are currently unprepared to combat a new type of fraud, in which fraudsters can gain access (through the use of malware
… Read MoreWhat are you waiting for?