Are you being honest with yourself about fraud and other finance challenges? Read the infographic to see how. Sponsored By: Medius 25% of finance professionals are unable to estimate how much fraud is costing them—because they’re often unaware that it’s happening—but the other 75% put the cost at well over a quarter of a million dollars annually. That’s a lot of money to lose. In the Financial Census from Medius, 95% of businesses have seen invoice fraud in the last year. Finance leaders are trying to take on fraud, but mostly on their own. What steps can you take to stop fraud: · Validate important vendor data—make sure they are who they say they are. · Build in some regulations and a few checks and balances. · Invest in anomaly-detection technology, so if something isn’t right, it stands out. · Automate payments and protect the invoice process, end to end. If you want to dive deeper—and fight fraud more effectively—read the Financial Hurdles infographic.
Four financial hurdles – and how to overcome them
