How to Overcome Fraud Uncertainty and Be Future-Ready
If you have employees, you have fraud.
As a finance leader, you must ensure that every dollar is well spent. So, when cash flows out the door in the form of fraud, it can have a major impact on your business, leading to financial loss, damage to your reputation, and an erosion of trust. While every business faces the possibility of fraudulent and/or non-compliant spending regardless of the economy, fraud is especially prevalent in times of uncertainty. In fact, nearly 70% of businesses report that their fraud losses have increased in recent years as the world continues to deal with the fallout from the pandemic, recessionary pressures, spiking inflation, and the rapid shift to hybrid work.
According to the ACFE, organisations lose 5% of their revenue to fraud each year, with the median loss per case totalling $145,000. What’s more, the rise of artificial intelligence (AI) has ushered in a new era of sophisticated fraud schemes, posing even greater threats to businesses worldwide. In the face of ongoing inflation, economic disruption, and new technologies, organisations must be prepared to work in a world where uncertainty — and fraud — are facts of life. There’s no better time to be ready for anything.
In this eBook, you’ll learn:
As a finance leader, you must ensure that every dollar is well spent. So, when cash flows out the door in the form of fraud, it can have a major impact on your business, leading to financial loss, damage to your reputation, and an erosion of trust. While every business faces the possibility of fraudulent and/or non-compliant spending regardless of the economy, fraud is especially prevalent in times of uncertainty. In fact, nearly 70% of businesses report that their fraud losses have increased in recent years as the world continues to deal with the fallout from the pandemic, recessionary pressures, spiking inflation, and the rapid shift to hybrid work.
According to the ACFE, organisations lose 5% of their revenue to fraud each year, with the median loss per case totalling $145,000. What’s more, the rise of artificial intelligence (AI) has ushered in a new era of sophisticated fraud schemes, posing even greater threats to businesses worldwide. In the face of ongoing inflation, economic disruption, and new technologies, organisations must be prepared to work in a world where uncertainty — and fraud — are facts of life. There’s no better time to be ready for anything.
In this eBook, you’ll learn:
- Why spend control has never mattered more
- The common trends and benchmarks of occupational fraud
- Five steps for improving risk management
- How SAP Concur can help you build a world-leading fraud solution
Provider: Concur Tech(UK)Ltd(Maidenhead) | Laki: 2 MB | Wika: English