fraud prevention

The inaugural AP Honors Ceremony celebrated the accounts payable profession and recognized excellence in the field. During the ceremony, Ardent Partners presented awards for outstanding performance and execution in the last year — “The AP Honors” — to a variety of high achievers including Accounts Payable and P2P leaders and teams, as well as ePayables [...]

Fraud is a real problem for all organizations, especially those with manual-based Accounts Payable (“AP”) processes. Business email compromise (“BEC”), a type of wire fraud, is on the rise worldwide and, according to an FBI report released last fall, has resulted in $26 billion in losses since July 2016. Common types of BEC attacks include [...]

[Editor’s Note: Ardent Partners recently published its annual AP-themed report, The State of ePayables 2019: Driving Value in the Age of Intelligence. Today’s article is part of an on-going series focused on the report’s key findings. If you would like to get the full report, it is available for download here (registration required).] Over the last decade, Accounts [...]

A Connecticut man recently pleaded guilty to defrauding the owners of a Stamford ice rink, where he worked as general manager, of nearly a half-million dollars. Stamford police said the man had been stealing the money from the owners of the ice rink for 15 years. The man was responsible for managing and overseeing the [...]

[Editor’s Note: Today’s article is a guest publication from Philip Flores Jr., Senior Vice President at BMO Harris Bank N.A. Ardent Partners is happy to review and feature guest publications from authors across the accounts payable and supply management industry. If you or someone you know would like to become a guest contributor, please contact [...]