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In 2019, UK Finance issued data that indicated 26% of large businesses have fallen victim to invoice fraud, despite 84% not fully understanding what invoice fraud actually means. With the ever-growing sophistication of fraudsters, finance teams need to look beyond their ERP to fully safeguard their business. 1. Conviction of Evaldas Rimasauskas; Manhattan Using imitation email addresses, Lituanian national Evaldas Rimasauskas successfully defrauded US tech giants Facebook and Google out of a ...
Read more - The Worst Invoice Fraud Cases in 2019/2020

The Prompt Payment Code sets the standard in payment terms and is the driving force in bringing change in payment practices. In 2008, the ...
Read more - Understanding the Prompt Payment Code