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. 

Hello! My name is Angelos Dimakos, and I am from Greece. I am currently studying for an MSc in Robotics at Cranfield University. I am also the Course Representative for this course. During this blog, post I’d like to take you through my group project experience on the Robotics MSc. The group design project element ...

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Effectively managing a huge pool of electronic parts from various suppliers necessitates an in-depth understanding of the key commodity trends, strategies, and the shortages of components and parts. Failure to obtain the critical parts on time can have a wide-ranging impact on the electronic manufacturers’ business, including: Delayed Product Launch Manufacturing delays due to component

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It’s been a challenging year or so for companies in the construction and building industry. If you’re looking to recoup some losses and create a new revenue stream—we have the solution for you!

Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum acceptable levels for every SKU. The maximum stock is determined by the storage capacity of the warehouse and the supply requirements. The minimum stock indicates when and where a […]

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The project will allow for engineers to swiftly detect and repair faults within lifts, escalators and travelators in one of the UK’s busiest train stations – which is connected to the Channel Tunnel via HS1 – as well as with signalling equipment along the line.

Sensors throughout the station will pick up and relay faults back to maintenance teams via a private 5G network, displaying information via an AR headset. The team can then immediately dispatch a technician to repair the faults.

“The layering of AR, sensor data and a private 5G network to create a complete solution like this is extremely advanced. It will be the first example of a rail infrastructure with this level of technology,” said Professor Rab Scott, head of digital at the University of Sheffield Advanced Manufacturing Research Centre (AMRC).

“Simply having access to sensor data on an AR headset, in real time, will allow engineers at St Pancras to do their jobs much better. It will provide maintainers accurate information much faster and more reliably, thus making the process of trackside maintenance much more effective.”

The project is funded by Innovate UK and aims to support the government’s National Digital Twin programme.

Dyan Crowther, CEO of HS1 Ltd, said: “The system will not only create a more reliable rail network, but will allow our expert teams to maintain social distancing guidelines when responding to jobs. Thanks to Innovate UK and our partners we are able to lead the way in revolutionising London’s railway stations post-Covid.”

The project aims to enable the flow of data between on-site and remote maintenance teams, helping HS1 develop its understanding of new maintenance methods.

The new platform will help lessen the impact of disruption to the railway services caused by Covid-19 and – if widely adopted – could improve productivity and cut costs at more than 3,000 railway stations in the UK

Michael Lewis, digital theme lead at the University of Sheffield AMRC, said: “What we have been able to do is apply the learning and expertise from manufacturing in a new environment, but then to take it even further indeed, there are a lot of manufacturing companies who would dream of this kind of capability. It’s exciting to think of other ways the rail sector could follow the lead of HS1 Ltd by embracing Industry 4.0 technologies and adopting best practice from the manufacturing sector.”

Logistical options for shipping and fulfillment have expanded with the rapid growth of e-commerce, cloud, and mobile computing solutions. While this growth has created many opportunities for small and large businesses alike, it’s also raised the standard with consumer expectations. If modern enterprises fail to plan...

Advances in online technology over the last decade have dramatically improved the logistical and operational capabilities of eCommerce businesses in both the B2B and B2C realm. Cloud and mobile computing technologies have further streamlined business processes, including inventory and distribution management. In this regard, let’s...