Auditing expenses without the aid of technology is an inefficient endeavor — and errors or fraud can slip under the radar. AppZen found in recent research that most enterprises doing manual audits examine only 10 percent of their spending. Companies that use AI can audit 100...
Fraudsters are always evolving and now are training BEC scams to focus on HR and finance departments. Separately ACH debit and ACH credit fraud are both on the rise, according to a recent study.
Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). Reports in HR Technologist on Wednesday (March 27) said AppZen is expanding its offering to include auditing of vendor invoices, allowing businesses to automate...
Enron may be hazy in the minds of some, but former CEO Jeffrey Skilling's release from jail and federal custody shows that payments fraud is nothing new. In Florida, scams using corporate cards cause waves in Port Everglades.
