There have been many highly publicized cases where invoicing went badly wrong, especially in the public sector. But the challenge of effectively checking and validating invoices is universal. For example, a recent consultancy report suggests that Small-Medium Business in the UK loses £9bn a year due to invoice errors and fraud. In Australia, news broke in April this year of a multi-million dollar fraud scheme involving employees at one of the country's biggest banks. The Better Business Bureau and Office of the Attorney-General in the US issue regular warnings about the prevalence of fake invoices.
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