Using AI to prevent supplier invoice fraud

Using AI to Prevent Supplier Invoice Fraud

Supplier invoice fraud is a significant issue in business. Every year millions are lost to incorrect or invalid invoices being submitted by suppliers. The machine learning based approach outlined here is able to identify up to 97% of these invoices before they become due for payment.

The example used here is based on a private, anonymised database of ~90k invoices over a five year period from a …

accounts payable artificial intelligence fraud fraud detection invoice machine learning