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Research Report

Strategic Treasurer: Treasury Fraud & Controls 2017 Report

The results are in: eighty-six percent of surveyed treasury professionals said their company had experienced payment fraud attempts in the past two years¹. With threats on the rise, it’s critical for treasuries to stay on top of potential weaknesses and implement controls to mitigate risks.

The 2017 Global Treasury Fraud & Controls Report included over 300 organizations and identified various control practices, measured fraud levels, calibrated security activities, and captured the level of investment that organizations are making to become more secure.

Key insights form the report include:

- Fraud Experiences. Comprehensive view of the market's experience across a range of dimensions.

- Benchmarking Data. Extensive points of comparison on what your peers are doing (or not doing) with regard to controls, systems, and structures to protect their organizations.

- Implications. Analysis of the current fraud environment and some proscriptive advice on how to change the ROI for the criminals.

86% of corporates have experienced either, payment fraud, cyber fraud, BEC/imposter fraud, or ransomware within the past two years. Nearly 5x more firms plan to increase spending on treasury fraud prevention, detection and controls.

See how three organizations revolutionized their AP payment processes with Paymode-X.

Continuing Content

Infographic

Paymode-X: Success by the Numbers

Moving to electronic payments not only leads to greater efficiency in terms of cost, time, and security but also allows for organizations to increase AP automation, savings, and rebates.

On-Demand Webinar

The State of ePayables 2017: The Convergence of Cash, Suppliers and Intelligence

Ardent Partners found that 56% of organizations perceive the AP function as either "very" or "exceptionally" valuable to organizational operations. Listen to industry experts talk through all of the Ardent Partners 2017 research results and the future of ePayables in this on demand webinar.

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