Results for tag: "Procure To Pay Fraud"

Procure to Pay Fraud is a type of financial fraud that occurs when an organization's procurement process is abused to commit fraud. It involves the manipulation of the procurement process to obtain goods or services without authorization or payment. This type of fraud can be perpetrated by employees, vendors, or third parties. It can involve the misappropriation of funds, the creation of fictitious vendors, or the manipulation of invoices. The Procure to Pay Fraud market is a growing area of concern for organizations, as it can lead to significant financial losses. Companies are increasingly investing in solutions to detect and prevent this type of fraud. These solutions include automated systems to monitor procurement processes, as well as analytics and machine learning to detect suspicious activity. Companies in the Procure to Pay Fraud market include SAP, Oracle, IBM, Microsoft, and Accenture. Show Less Read more