PRINT.IT
19
The changing role of the
information professional and how
organisations gain competitive
advantage from information will
be key themes at AIIM Forum UK,
taking place on June 22 in London.
The annual event for the
information management
community brings together an
impressive line-up of speakers to
discuss how information systems
can minimise risk, redefine
business processes and prepare
for sustained growth.
The opening keynote address
at this year’s event,
Crawling
from the Chaos: The Future of the
Information Profession
, is being
given by outgoing AIIM President
John Mancini.
He said: “The three forces of
consumerisation, cloud/mobile
and the Internet of Things have
been playing havoc with traditional
information systems. We want to
look at the changing role of the
information professional amidst
this chaos and to explore how
organisations can really exploit the
value of the information they hold
– information is fast becoming the
true key to competitive advantage.”
Throughout the day, there will be
in-depth sessions where delegates
can learn about the tools and
strategies they need to improve
information management, with
contributions from organisations
such as ibml, Search Technologies,
Restore, Deltascheme, Crown
Records Management, CCube
Solutions, Repstor, CompanyNet,
Harmon.ie, Twofold and Star
Storage.
AIIM Forum UK will end with a
discussion on
Europe,
Privacy &
the New General Data Protection
Regulations
. A panel of industry
experts will highlight the key
information challenges emerging
from the EU’s General Data
Protection Regulation (GDPR), the
specific legal requirements and
timescales of the GDPR, as well as
other commercial impacts that will
affect all organisations operating
within Europe.
AIIM Forum UK is taking place at
Ibis London Earls Court (ILEC),
47 Lillie Road, London SW6 1UD.
To register, go to
DIARY DATE: AIIM FORUM UK
AIIM Forum UK returns to Ibis London Earls Court (ILEC) on June 22.
E-invoice to reduce fraud
Tungsten Network warns that invoice fraud is costing UK SMEs £9 billion each year
The way ahead for
information professionals
Information is
fast becoming
the true key
to competitive
advantage
One business
process more and
more information
management
professionals are
turning their attention
to is invoicing.
Digitising the process
not only provides greater visibility and
control, but according to Tungsten
Network, it can also save small and
medium-sized businesses (SMEs) billions
in invoice fraud.
New analysis published by the company
suggests that bogus invoices are costing
UK SMEs £9 billion every year. Of 1,000
companies surveyed, almost half (47%)
say they have received a fraudulent or
suspicious invoice in the last 12 months.
Of those affected, one in six believes it
has cost them more than £5,000.
Tactics commonly used by scammers
include embedding viruses in
attachments; submitting fake invoices by
email or through the post; making false
changes to bank details; and sending
duplicate invoices.
Tungsten Network CEO Richard
Hurwitz advises private and public sector
organisation to protect themselves
from fraud by reducing their reliance on
manual processing.
He said: “Technology such as electronic
invoicing can help battle invoice fraud as
only confirmed suppliers can upload their
invoices. These are then validated before
they are paid, potentially saving firms
thousands of pounds.”
One organisation already using
e-invoicing to reduce the risk of fraud
is the London Borough of Bexley.
Payments manager Bel Temel said: “Our
Borough has received fake invoices from
anonymous professional fraudsters on
more than one occasion. All our supplier
contract information is on our website
and in most cases the criminals have
taken information from the internet to
ensure the bogus invoice looks identical
to the template of one of our suppliers.
Generally, the only way the naked eye can
spot any difference is by cross referencing
the bank details with those we have listed
for our supplier. This means that a fake
invoice can make it through every stage
of the payment process before being
picked up by us in the finance team.
Unfortunately, other local authorities have
lost money by not spotting this and paying
the balance of a fake invoice into the
fraudster’s bank account.”
She added: “One way in which
we’ve further protected ourselves is
by introducing electronic invoicing from
Tungsten Network. Now that our suppliers
submit invoices through the platform,
we know that every invoice received is
100% legitimate. The technology ensures
the secure transacting of invoices and
this has significantly helped us combat
invoice fraud.”
Richard Hurwitz
