<ul><li>Invoice fraud is on the rise, with scams and fraud involving false invoices increasing by 137.5% in 2023.</li><li>Invoice fraud tactics include submitting invoices from fake companies, overcharging, altering invoice details, and sending extra invoices for small amounts.</li><li>To protect against invoice fraud, educate employees about phishing scams, avoid opening attachments or links from unknown senders, and train your accounts payable department to detect fake invoices.</li><li>Implementing AI-driven automated accounts payable tools can help detect fraud by tracking payment processes, matching invoices to purchase orders and receipts, and reducing the potential for human error.</li></ul>

Protect Your Business From Invoice Fraud

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