7 Effective Ways to Detect and Prevent AP Fraud and Financial Loss

As invoice non-compliant spending continues to rise and fraud tactics become more sophisticated, accounts payable teams are paying the price – literally. Recent studies reveal that 80% of organizations report being victims of payment fraud attacks1, while 44% say expense-related fraud is a significant threat to their company’s financial performance2.

With organizations moving faster and relying more on digital transactions, fraudsters will only continue to uncover new ways to exploit gaps in AP processes. Manual AP processes significantly heighten the risk of fraud, making it essential for AP teams to adopt a smarter, more proactive approach.

Implementing an end-to-end AP automation like Concur Invoice provides robust controls and integrates AI-powered fraud detection into your AP workflow. This ensures that non-compliant activities are identified before payments go out the door.

This brief tip sheet outlines seven effective strategies for detecting and preventing fraud and safeguarding your organization from financial loss. Download it today.

Source 1: AFP, 2024 AFP Payments Fraud and Control Survey

Source 2: Phronesis Partners, SAP Concur ROI Research Global and Regional Findings. 2024.

Gain access to all premium content once you fill out the form.

Please share some information about yourself to receive premium information that can help you solve the major travel and expense challenges businesses face today.

Concur respects your privacy. The information you provide us is intended for internal use only, and we will not share, sell, or distribute your information. View our privacy policy. You will receive educational information and news about Concur products and services.

First name

Last name

Phone number

Business email

Company name

Postal Code

Job title

Industry

Number of employees

Country

Enter your contact information and submit this form using the button below to receive marketing communications regarding SAP Concur products, services, events, and special offers. You may withdraw your consent at any time.

Your consent to send marketing communications is requested by Concur Technologies, Inc. on behalf of itself and its subsidiary, Concur (Canada) Inc. You may contact SAP Concur at 222 Bay Street, Suite 2000, Toronto, Ontario M5K 1B7, +00 1 800 401 8412. SAP Concur respects your privacy. Please review our Privacy Policy for more information.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Speak with a specialist

Have a specialist contact you to find automated solutions to help your business see spending clearly and manage it proactively.

Can we still reach you at:

How can we help you?

First name

Last name

Previous Concur User

Yes

Have you used a SAP Concur product at a previous employer? *

Phone number

Business email

Company name

Job title

Country

Number of employees

Industry

Postal code

Comments

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

7 Effective Ways to Detect and Prevent AP Fraud and Financial Loss

Source 1: AFP, 2024 AFP Payments Fraud and Control Survey

Source 2: Phronesis Partners, SAP Concur ROI Research Global and Regional Findings. 2024.

Download the resource

Gain access to all premium content once you fill out the form.

Speak with a specialist

Other

Other

Other