They say things come in threes – but when during the course of one week, that “thing” is fraud – it’s probably time to sit up and take notice. And there are probably two or three factors which may be at play here – 1) fraud is being carried out more frequently than before 2) our methods of catching it are more robust than before, or 3) perhaps organisations are not so prepared as they were to sweep fraud under the carpet in a damage limitation exercise. Most likely it’s a combination of all three.

Start the Clean-Up

As a busy Accounts Payable professional, setting up and maintaining something which could truly be considered a comprehensive master supplier file is likely to be one of those things you know should be done and yet...

Often Accounts Payable departments are relatively small compared to the company size and tend to process a large volume of transactions. In this environment it’s easy to overlook processes or to simply not have the time to adhere to them.