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78 When Process Breaks Down, Fraud Finds a Way: Through Invoices, Expenses or Both!

The Fintech Times
Olivier Cornet @ The Fintech Times 2 place · today 05:00 EDT

When Process Breaks Down, Fraud Finds a Way: Through Invoices, Expenses or Both!

Invoice fraud can drain 1% of turnover over years when payments go unrecorded and fake expenses offset funds. Strong controls, automation, reconciliation and segregation of duties are key to prevention.

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