In order to catch a thief you actually have to think like one. Supplier fraud isn’t something that you even consider might be happening to your organization.
This visuals show you how your internal systems help prevent supplier fraud from happening. So how does the thief get away with it if you have your checks and balances in place? All they have to do is take care of step 4. The employee becomes the fraudster and takes over step 1.
Having a third party manage your supplier database and payment information helps lower the likelihood of supplier fraud from happening.
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