Yes, your company is a ripe target for fraud - but it doesn't have to be.
Cybercriminals love small to medium businesses, since they have more money in their bank accounts than individuals, but often lack the sophisticated technology and vigilant processes of larger organizations. Gartner estimates that more than 10 percent of small businesses have had funds stolen from their bank accounts.
A Guide to solutions that make AP simpler, safer, and more efficient.
Everyday AP is an arduous process. It involves receiving and manually keying data from paper invoices, chasing approvals through e-mail and phone calls, printing paper checks to pay vendors, manually collating checks with printed invoices and purchase orders, tracking down CFOs for signatures, stuffing envelopes, applying postage, and finally, delivering the resulting stack of payments to the local post office.