Invoice Fraud Explained

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Tungsten Network research has recently revealed that invoice fraud is not only present in business, but increasing. In fact, more than half of businesses consider it to be their single biggest threat. The rise of fraud makes it more critical than ever to safeguard the invoice process. Tungsten Network can help.

In a paper environment, 22 percent of all documents end up lost or misfiled, according to research from the Association for Image and Information Management (AIIM).

Tungsten Network, the world’s largest compliant electronic invoicing network, helps ensure fraud is prevented. Tungsten Network helps alert companies to:

  • Inaccurate VAT
  • Duplicate invoices
  • Incorrect pricing

When invoices are transmitted electronically, technology ensures consistent and controllable business processes and invoices workflows, and creates complete audit trails of all activities performed within the system, including changes to data, and appends digital certificates to transactions in accordance with government mandates.

Learn more about how Tungsten Network is helping to take the worry out of invoicing. Download this report today.

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