In a bid to enable finance teams to safeguard their organisations from profit losses, invoice errors, and fraudulent activities, Basware introduced AP Protect which aims to address and mitigate these difficulties. The announcement follows the company’s work which identified 10,800 incorrect payments conducted by companies for supplier invoices due to duplication and fraud. According to its data, this recovered the value of USD 191 million from a spend of USD 245 billion.
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