How Finance Teams Can Use AI to Stay Ahead of AI-Driven Fraud

AI enables fraudsters to create realistic fake invoices and identities. Business email compromise affects 45% of respondents, impersonation fraud rose to 40%, and deepfakes appeared for the first time. 62% reported financial losses in three years. SAP Concur recommends using AI for employee guidance, document validation, exception focus, and process connectivity. Users capture 10x more errors and fraud, and audit 55% faster.