Of all the oft-touted benefits associated with accounts payable automation, they typically overshadow their ability to address another concern, one in which AP is particularly vulnerable: internal fraud.

Certainly, many of today’s automated AP solutions help avoid late payment penalties, capture early payment discounts, reduce the number of days that payables are outstanding, and minimize the cost of invoice processing as they should do. But still, most business owners consider themselves immune to the risk of internal fraud and feel that it is the kind of thing that only happens to other...