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