Modern automated payment processing platforms

[jake]

Few people know that when manually processing invoices, there’s a risk of paying for duplicates or receiving fraudulent invoices with altered details. How do modern automated payment processing platforms protect against such risks? Do they have built-in algorithms that verify supplier details from the company’s account against those in the invoice?

[Milo]

Internal fraud and simple carelessness are huge risks in manual processing. Paying the same invoice twice due to carelessness is very easy. An automated system should be able to automatically highlight suspicious details and duplicate document numbers.

[Author]

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