Sophia Riley - ERP Transformation Specialists | Oracle Partner

Dec 17, 2024 · Sophia Riley

How to Conduct an Effective AP Audit

A detailed accounts payable audit can uncover inefficiencies, mitigate risks, and strengthen your financial operations. Learn how to approach AP audits with precision and best practices in this step-by-step guide.

Accounts Payable

Dec 13, 2024 · Sophia Riley

Accounts Payable Fraud: Red Flags & 10 Methods of Prevention

Accounts payable fraud is a rising challenge for businesses, with creative schemes leading to financial losses and damaged reputations. Discover the key warning signs and ten actionable strategies to protect your company in this must-read guide.

Accounts Payable

Dec 10, 2024 · Sophia Riley

Common Methods of Accounts Payable Fraud

Accounts payable (AP) fraud poses a growing risk to businesses, as fraudsters continue to exploit process vulnerabilities to misappropriate funds or manipulate financial data. This article delves into the most common methods of AP fraud, key warning signs, and effective strategies to protect your business.

Procure to Pay

Dec 5, 2024 · Sophia Riley

What Are Chargeback Terms?

Chargebacks can be challenging, but understanding the terms and processes behind them empowers merchants to handle disputes effectively. This guide breaks down key chargeback terms, offering clarity on timelines, requirements, and best practices for navigating disputes.

Accounts Payable

Dec 3, 2024 · Sophia Riley

Your Accounts Payable Audit Guide

An accounts payable (AP) audit is vital for ensuring accurate, compliant, and efficient payment processes. This guide explores the importance of AP audits and provides actionable steps to safeguard your company’s financial health.

Procure to Pay

Nov 26, 2024 · Sophia Riley

What Is the Chargeback Process?

Chargebacks are a vital consumer protection mechanism, but for merchants, understanding and managing them effectively is key to minimizing losses and maintaining smooth operations.

How Changing AI is Transforming Fraud Detection and Prevention

Artificial Intelligence

Nov 22, 2024 · Sophia Riley

How Changing AI is Transforming Fraud Detection and Prevention

Artificial Intelligence is transforming fraud detection by leveraging machine learning to outpace increasingly sophisticated fraud tactics. By analyzing patterns and adapting in real time, AI offers businesses a proactive defense against the ever-evolving threat of fraud.

Accounts Payable

Nov 12, 2024 · Sophia Riley

What is Accounts Payable Fraud?

Accounts Payable (AP) fraud is like a hidden leak slowly draining your company’s financial resources. While you focus on growth, unseen hands might be siphoning funds through fraudulent transactions you’re unaware of.

Accounts Payable

Nov 7, 2024 · Sophia Riley

Red Flags for Accounts Payable Fraud: Watch Out for These Warning Signs

Spotting duplicate payments or invoices early can help you prevent costly mistakes, as fraudsters often take advantage of busy AP departments by slipping in duplicate or fake entries.

Procure to Pay

Nov 6, 2024 · Sophia Riley

Manage Your Cash Flow with DSO and DPO

Learn how mastering Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) can streamline your cash flow, enhance financial decision-making, and keep your business thriving.

Articles by Sophia Riley

How to Conduct an Effective AP Audit

Accounts Payable Fraud: Red Flags & 10 Methods of Prevention

Common Methods of Accounts Payable Fraud

What Are Chargeback Terms?

Your Accounts Payable Audit Guide

What Is the Chargeback Process?

How Changing AI is Transforming Fraud Detection and Prevention

What is Accounts Payable Fraud?

Red Flags for Accounts Payable Fraud: Watch Out for These Warning Signs

Manage Your Cash Flow with DSO and DPO