The Role of AI and Automation in Preventing AP Payment Fraud

Fraud is a serious problem for many organizations. It’s estimated that the aggregate loss adds up to many trillions of dollars each year. AP has relied on human detection methods for a long time, but with the clever techniques now being leveraged by many fraudsters, it’s time to get serious about bringing artificial intelligence to bear to prevent this type of financial catastrophe.

IOFM partnered with DocuPhase to explore the ways in which AI is being used by savvy organizations to protect their assets. The remarkable thing about artificial intelligence is that it can learn on its own over time, looking for subtle clues that something is amiss. That might mean sniffing out fake invoices, blocking misdirected payments, even detecting unusual employee behavior that can be a red flag for occupational fraud — theft by someone inside the organization.

In this whitepaper, you’ll learn about how AI works to detect fraud and prevent it before it happens, thus relieving staff of the time and stress of trying to do this manually, and protecting the organization from costly losses.

Download the white paper, “The Role of AI and Automation in Preventing AP Payment Fraud,” today to find out more.