Use Cross-Functional Collaboration to Take a Bite Out of Fraud

By all measures, fraud is on the rise. The most recent Quarterly Corporate Fraud Index reveals that more than 6,900 fraud incidents were reported last quarter by 1,400 organizations worldwide--an increase of nearly 18 percent over last year. As the gatekeeper for corporate disbursements, accounts payable plays an increasingly significant role in preventing fraud. However, AP can't be expected to shoulder the burden alone. Other departments need to work proactively with AP in order to detect…