Fraud prevention tactics can have far-reaching benefits

When many business owners think about the need to prevent fraud in accounts payable, they only recognize the benefits that exist on the surface. While using per invoice and increases its savings. The source noted that, ultimately, this can also improve accounts payable's reputation within a company, as leaders are even more likely to see the value this department provides when run well.

Of course, fraud prevention efforts can also help save money in their intended capacity: preventing embezzlement. Daily Finance pointed out that this is especially important in the current recovery economy, as real or perceived financial need tends to raise the risk of employee theft. By conducting frequent accounts payable audits, companies can catch any problems before they become too costly.

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