Construction Business Owner Magazine & AvidXchange Present Webinar: ‘5 Tips to Protect Your Construction Business Against Financial Fraud’

Birmingham, Ala. (July 20, 2020)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange.

The live, online event, “5 Tips to Protect Your Construction Business Against Financial Fraud” will take place Aug. 20, 2020, at 2 p.m. EDT, and will cover how to recognize and prevent common types of fraud attacks.

Registration is free at constructionbusinessowner.com/webinars.

Crime is on the rise globally, and payment fraud is at an all-time high. According to the 2019 Association for Financial Professionals’ (AFP) Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result.

And the construction industry isn’t exempt, with 56% of fraud cases directly related to billing and check/payment, and the median loss just shy of a quarter of a million dollars in more than 40 fraud cases.

Join us to learn how to recognize and prevent common types of fraud attacks, including:

  • The most common types of fraud in the construction industry
  • 5 tips to protect your business against financial fraud
  • How payment solutions can mitigate risk by eliminating paper checks

    The live event will include a 45-minute presentation followed by a 15-minute question-and-answer session.

    Click here to register today!

    About AvidXchange
    AvidXchange is a leader in automating invoice and payment processes for midmarket businesses. Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 600,000 suppliers, transforming the way 6,000 customers in North America pay their bills. Visit avidxchange.com.

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