Invoice Fraud costs the average UK business £295,000+ a year as finance professionals struggle to keep up
New data examines the top challenges of finance teams in 2022: rising fraud, retaining talent, late supplier payments, and the relationship with procurement5[th] October 2022, London: Financial professionals estimate over £295,000 is lost to invoice fraud per business, every year in the UK. Even more shocking is the fact that 1 in 5 (20%) finance professionals are unaware or unable to even estimate the cost of invoice fraud to their business. This lack of visibility is likely due to the messy paper trails that continue to plague the invoice process. With invoice fraud on the rise, the