The average large company processes hundreds or even thousands of invoices every month. The sheer volume makes it impossible to closely examine each bill that comes through the door.
For those intent on deception, there are countless ways to exploit this vulnerability. Duplicate invoices, fake invoices, phishing schemes, vendor impersonation, unapplied discounts, cash skimming, cash lapping, shell companies… these are just a few of the ways motivated criminals suck money out of large corporations, often without consequence. Both company outsiders and employees commit invoice fraud, and often the two groups work together.
