Paper checks are expensive, inefficient, fraud magnets and require a lot of manual processing. Making the matter even more dangerous is the fact that many organizations use common practices when issuing checks that make them more vulnerable to fraud – and they don’t even realize it. We’re going to look at three very common mistakes, including one in use at virtually every organization. Make sure you stick around until the end when we discuss some simple strategies you can use so you don’t endanger your organiz...
Paper checks are expensive, inefficient, fraud magnets and require a lot of manual processing. Making the matter even more dangerous is the fact that many organizations use common practices when issuing checks that make them more vulnerable to fraud – and they don’t even realize it. We’re going to look at three very common mistakes, including one in use at virtually every organization. Make sure you stick around until the end when we discuss some simple strategies you can use so you don’t endanger your organization’s finances. #payments #accountspayable #accountspayableprocess
If you want to uncover the problems associated with paper checks, this is the video for you. The problems appear in the most innocuous of processes, proving once again, that there are some really smart criminals.
Link to Slash Costs, Boost Productivity by Reducing Paper Checks https://youtu.be/xeRuLLM63OM
Link to 5 Really Bad Check Signing Practices https://youtu.be/YYB-ZvQZ1Fo
Not NEVER Use These 3 Common Check Practices [Payments in Accounts Payable], but How Paper Checks Can Expose You to Fraud and Theft, but Why do Americans still use paper checks?
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