Many thanks to Nordea and to everyone who attended Nordea CM Academy yesterday! It was great to be there and share our experiences of internal control in the purchasing-to-payment process. We talked about risks and how to manage them in order to avoid incorrect payments. Read more about Nordea CM Academy

Betalkontroll™ has been invited to speak at Nordea CM Academy. We will hold the first session of the day (approx. 45 min) starting at 10:00 a.m., where we will discuss how internal and external fraud is carried out and where in the process internal controls can be increased to avoid various types of risks and incorrect payments (everything from fraud to manual errors). With...

Incorrect payments of supplier invoices occur in all companies and organizations. 15% of incorrect payments are never recovered Our analyses show that companies recover an average of 85% of incorrectly paid supplier invoices. The main reason for this is that the supplier contacts the company and returns the incorrect payment. Another reason is that the company itself discovers the error and...

Common consumer goods at extreme markups, advertisements on unknown websites that few have ever visited, and job advertisements for positions that have already been filled. This involves 7,000 invoices that are said to have been paid to companies behind various forms of so-called fake invoices. A total of SEK 88,448,617 has been paid out by municipalities, county councils, and government agencies. You have...

As we approach the holiday season, it is worth remembering the so-called CEO frauds, which increase significantly during the summer months when many company employees are on vacation. The companies affected are often well-established, multinational companies. It is in the nature of things that there are many unreported cases, but some of the frauds come to the attention of the public....