HICX

"We have examples where those emails were hacked, coming back where bank accounts, of course, were changed." That's a Director of Global Procurement, describing something more common than most finance teams realise. Bank detail changes are the single biggest opening for supplier payment fraud, because almost every system checks that data once, at creation, and never again.

Most supplier data problems don't show up at setup. They show up months later, when nobody's watching. 80% of supplier data issues are only found after the record already exists. Not during registration. After it. Which means the moment everyone scrutinises, setup, usually isn't the moment that actually costs you. We pulled together the five reasons enterprises are finally fixing this, and where the real exposure sits instead. Headline options (test these): Where supplier data actually breaks (it isn't at setup) The scrutiny gap costing enterprises millions 80% of supplier issues surface after the fact.

"We have examples where those emails were hacked, coming back where bank accounts, of course, were changed." That's a Director of Global Procurement, describing something more common than most finance teams realise. Bank detail changes are the single biggest opening for supplier payment fraud, because almost every system checks that data once, at creation, and never again.

Every business is careful at supplier setup. Six months later, that same scrutiny is gone. Tax IDs checked. Bank details verified. Sanctions screened. Then a supplier emails in to change their bank account, and nobody looks twice. Setup gets attention. Change doesn't. That gap is where most supplier fraud actually happens, not at the front door, but the second time someone walks through it.

Every unverified supplier is an open door. Most supplier data arrives unverified. The cost shows up later, somewhere else. The point at which supplier data arrives can leave your company vulnerable to fraud, regulatory exposure, and poor data quality. Close it in 30 days

Every unverified supplier is an open door. Most supplier data arrives unverified. The cost shows up later, somewhere else. The point at which supplier data arrives can leave your company vulnerable to fraud, regulatory exposure, and poor data quality. Close it in 30 days