Double Benefits: Using e-invoicing to reduce costs and trap fraud in the public sector
Recent research suggests that the benefits of moving to e-invoicing are widely acknowledged across the UK public sector, yet uptake is still relatively slow. But outdated paper-based processes are leaving councils and government departments at risk of fraud and errors in the Accounts Payable process.
The same research goes on to reveal that almost half of UK public sector organisations have been targets of invoice fraud, or paid a duplicate invoice, in the last 12 months. This equates to £147 million of losses a year – a hefty sum that needs addressing, particularly in the current tough financial climate.
Watch this on-demand webinar, brought to you by Public Finance and Basware and gain insights from sector and industry experts who will:
Review some of the main fraud risks in the Accounts Payable process
Provide practical guidance on the controls needed to manage these risks
Share how e-invoicing can reduce fraud and save you money
Stephen Carter, Head of e-Invoicing, Basware UK
Arjun Medhi, Technical Development Manager, CIPFA Counter Fraud Centre
Chris Dawson, Fraud and Cyber Protect Officer, Metropolitan Police