Pete Loughlin mentioned that leading P2P automation and e-invoicing specialist, Basware, has astounded customers by sending out fake invoices. It is believed not to be a scam or an April Fool’s hoax. Instead, Basware is using a hard-hitting campaign to raise awareness of fraud and error in P2P.

With 44% of organisations admitting to having been victims of fraud in the last three years according to a recent study, sharp practices such as duplicate invoices are endemic, yet rarely uncovered before it’s too late.

Organisations tend to take a reactive stance to fraud, or think “it will never happen to us”. The would-be fraudster may be external, such as a supplier or malicious third party, but is more commonly an employee in a position of trust – little wonder that P2P fraud is the elephant in the office.

Basware is drawing attention to the practical steps organisations can take to bolster their defences and detect, deter and prevent wrongdoing inside and outside the organisation.

Sign up for their webinar: Stop the AP Fraudster! The top 20 controls you need in place!

Its recently published white paper, “Fraud Prevention: Avoiding the F-Word in P2P” explains how to identify the ‘red flags’ of suspicious activity and the steps needed to eliminate process vulnerabilities.