58% of AP Teams Skip Fraud Checks Due to Time Pressure, Creating $41B Annual Loss Risk
Manual accounts payable verification fails 58% of the time as processors skip fraud checks under time constraints, PYMNTS data shows. Companies lose $41 billion annually to AP fraud while AI-driven verification systems process payments 3x faster with 100% check completion. The gap between manual shortcuts and automated controls is reshaping corporate compliance strategies.
ViaNews Editorial Team (Finance)•