Financial fraud is on the rise, with a staggering 104% surge in cases in 2023. Sophisticated criminals are exploiting vulnerabilities, costing businesses billions.
Amidst this crisis, the UK government is implementing tough new regulations, including the Operational Resilience framework and the “failure to prevent fraud” offence, demanding robust payment controls and processes from finance teams.
Many corporate finance departments are ill-prepared, relying on manual, error-prone processes that perpetuate inefficiencies and risks.
The solution? ERP-Bank Integration.
