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CHECK AN INVOICE
Using AI technology to fight invoice fraud

Business invoice fraud is significantly increasing. Statistics show that business have lost £93 million to invoice fraud to date, with SMEs losing an average of £28,000 in invoice fraud attacks. Check an Invoice, is an innovative application which can help you fight fraud and not become part of the statistics.

Business invoice fraud can occur in a number of ways. Fraudsters may send duplicate invoices, invoices with amended bank details, invoices with increased VAT or totals, or even compromising business addresses. All of which are intended to simulate the instruction to pay a fraudster’s invoice.

Through using Check an Invoice, you can put a stop to business invoice fraud. As the first Saas application worldwide which focuses on identifying invoice fraud, our AI technology works at multiple levels to identify fraudulent invoices.

The Check an Invoice platform is specifically built and designed for small and large businesses, and is customisable to suit each company’s unique needs. Fully PCI DSS Level 1 compliant, we can ensure the highest level of security for your data.

 

 

How Check an Invoice works

1. Scan Invoices

1. Scan Invoices

Drop your supplier invoices in any format - original invoice, copy or an export from your database.

2. Fraud Check

2. Fraud Check

Invoices get scanned for fraud within minutes. Automatically checks for for incorrect bank details, duplicate invoice numbers, fictitious email addresses, inflated VAT amounts, unusually high delivery charges and wrong totals.

3. Review Results

3. Review Results

Review results of the invoice fraud scan and identify any exception threats.

4. Approve Exceptions

4. Approve Exceptions

Set roles for your team members so only certain individuals can approve identified exceptions.