Tag: AP Automation Software

Learn about Medius’ AP Automation and Global Payment Software

ZephyrnetApril 28, 2023

Medius is a leading provider of cloud-based AP automation and global payment software solutions. The company's innovative technology helps businesses streamline their accounts payable...

An in-depth guide: What is accounts payable?

AIMarch 21, 2023

Accounts payable definedThe accounts payable is an accounting term that refers to the money that a company owes to a vendor or a supplier...

What is the Accounts Payable Process?

AIMarch 20, 2023

The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. The accounts payable or AP is the...

What is Accounts Payable Outsourcing?

AIMarch 7, 2023

Growing businesses have to maintain relationships with many suppliers and vendors. Vendors with different invoicing standards/procedures tend to make accounts payable processes quite cumbersome....

Best Accounts Payable Software of 2023

AIFebruary 6, 2023

Accounts payable software are increasingly being used by businesses worldwide. Automated accounts payable software can efficiently manage large volumes of financial transactions between a...

What is AP Automation?

AIJanuary 16, 2023

Accounts payable automation, or AP automation, is the use of technology and software to automate the tasks and workflows involved in the accounts payable...

B2B payments shouldn’t be a zero-sum game

FintechFebruary 7, 2022

New approaches to Accounts Payable (AP) and payment optimisation are creating mutual value for buyers and suppliers.

AvidXchange unveils IPO

FintechOctober 6, 2021

Payments automation company AvidXchange Holdings Inc. this week filed an initial public offering for its common stock with the U.S. Securities and Exchange...

7 ‎Ways to Prevent Invoice & Email Fraud: A Comprehensive Guide

PaymentsJuly 30, 2021

secure electronic invoice on tablet - concept image for being safe from invoice and email fraud

A Comprehensive Guide to Preventing B2B Payments Fraud

The FBI reported that Business Email Compromise (BEC) and invoice fraud has cost U.S. businesses more than $2 billion between 2014 and 2019 through BEC scams. These events have been reported in all 50 states and in 177 countries.

If businesses and corporate finance professionals do not find a way to mitigate the risk of email and invoice fraud quickly, we could see twelve-figure losses in the not too distant future. That’s why we’ve created a comprehensive guide to help you reduce the risk of invoice and email fraud in 2021 and beyond.

First, we’ll take a look at the primary reasons why invoice and email fraud are on the rise, and then we’ll outline seven ways to avoid it. Like all things, protection starts by understanding the root cause.