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The Accounts Payable function is heavily exposed to invoice fraud. AP teams dealwith high invoice volumes and vendor queries andoften don’t have the capacityto be vigilant while maintaining efficiency. A survey conducted by Medius found US and UK finance teams have seen at least 13 invoice fraud attempts a month in 2024. The average loss from these attempts equals $133,000 in the US and £104,000 in the UK.  Fraudsters use methods like malicious AIthat are hard to spot and can exploit businesses ...