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GLOBAL BUSINESS PROCESS TRANSFORMATION EXPERT AND CONSULTANT OF ACCOUNTS PAYABLE…
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Articles by Richard
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What risks should you consider before implementing invoice automation software in your company?
I disagree, yes fraud prevention is a risk however an enterprise accounts payable automation system should provide the necessary safety checks, double checks and automatically apply business rules and logic to ensure that all precautions are taken and that only legitimate invoices from approved suppliers are processed. The AI business rules and logic should be able to identify potentially fraudulent emails, phony invoices, duplicate invoices, fake vendors and apply validation rules automatically and stop these transactions from happening in the first place.
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How do you train your staff to recognize and report suspicious invoices or payment requests?
You may want to consider the checks and balances that an accounts payable automation can provide. i.e. Vision360 Enterprise validates invoices to be sure they are legitimate automatically and flags any invoices that be fraudulent.
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Should I Hire an AP Specialist or Implement an Accounts Payable Automation System? Continue reading...https://lnkd.in/eaF7WYdz
Should I Hire an AP Specialist or Implement an Accounts Payable Automation System? Continue reading...https://lnkd.in/eaF7WYdz
Shared by Richard Pigott
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Manual accounts payable processing tasks are manual and time consuming. AP Automation eliminates the manual tasks of printing, emailing, routing…
Manual accounts payable processing tasks are manual and time consuming. AP Automation eliminates the manual tasks of printing, emailing, routing…
Shared by Richard Pigott
Experience
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Vision360 Enterprise Accounts Payable Automation
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