Artificial intelligence (AI) is reportedly helping employees scam their bosses with phony expenses receipts. The rise of new image generation models from companies like Google and OpenAI have led to a wave of AI-generated receipts submitted in-house, the Financial Times (FT) reported Sunday (Oct. 26),...
Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. “As fraudsters get more creative, it’s become impossible for humans to keep up,” Routable CEO and Co-Founder Omri Mor said in a...
Businesses can’t grow without getting paid, and businesses won’t get paid without an invoice. But fraudsters have taken notice, capitalizing on the fact that the invoice, whether it’s digital or paper, represents one of a company’s most attractive attack surfaces. Against this backdrop, invoice fraud...
Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps finance teams guard against fraud, profit loss and invoice errors. “In 2023, Basware identified 10,800 incorrect payments made by companies...
March 08, 2022
While many businesses made the shift to digital during the pandemic, some — too many, in fact — are still relying on paper-based accounts payable (AP) processes. It’s been well documented, of course, that AP modernization can improve cash flow collection. Indeed, PYMNTS’ own data show that 59% of chief financial officers at firms with […]
October 26, 2025
Artificial intelligence (AI) is reportedly helping employees scam their bosses with phony expenses receipts. The rise of new image generation models from companies like Google and OpenAI have led to a wave of AI-generated receipts submitted in-house, the Financial Times (FT) reported Sunday (Oct. 26), citing interviews from leading expense software platforms. For example, software […]
February 06, 2025
Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. “As fraudsters get more creative, it’s become...
April 22, 2024
Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps finance teams guard against fraud,...
April 20, 2022
Federal prosecutors have filed charges against a number of people over the past few weeks for allegedly carrying out a variety of scams connected to the COVID pandemic that totaled...