Risk Avoidance Risk Avoidance

Protect Yourself from Fraud and Risk's Tied to Natural Disasters Using End-to-End AP Automation

Research has shown that paper documents and paper checks are the #1 problem leading to fraud. This same paper puts your company at-risk if something bad happens and you don’t have electronic data to rely on. Automated fraud detection built into AP automation tools is your best defense against bogus requests and duplicate requests for payment. AvidXchange’s proprietary fraud detection software never sleeps to ensure that every invoice you process is legitimate before it’s in your accounting system.
 

Our always-on fraud detection system scrutinizes every invoice and payment request before it’s a problem. A rules-based workflow engine lets you configure the appropriate actions and alerts whenever unusual invoices are detected. Focus on prevention not remediation with our sophisticated fraud detection tools:

  • Identify source as trusted vendor
  • Provide conditional approval rules
  • Identify duplicate and similar invoices
  • Configure unique workflow steps and approvals
  • Issue immediate notification alerts
  • Identify and eliminate fraudulent invoices before they’re in your accounting system

Rest easy by adding fraud and duplicate detection assurance to your AP process and your disaster recovery plan.

AvidInvoice prevents a tremendous amount of manual input and misplaced information..

Richard Ross, Chief Financial Officer Branch Properties

Revolutionize the way you pay your bills in 45 days or less!