AI in Accounting
AI Fraud Detection in Accounts Payable: How Pattern Recognition Catches a £12,400 Fake Supplier Invoice Before It’s Paid
A £12,400 fake supplier invoice almost slipped through accounts payable with a near-identical company name, a one-character-altered email domain, and a brand-new bank account. Here is how AI pattern recognition scored the invoice 95 out of 100 for fraud risk, held it from the payment run, and how finance teams can build similar controls without slowing down daily operations.