Procurement Fraud Remains A Big Issue

Returning this week to #thedmcollaborators blog is Howard Frear, Sales and Marketing Director at EASY SOFTWARE UK.  In this new post, Howard discusses the issue of procurement fraud. That’s where a company pays for materials never delivered, but it also means bribery or encouraging suppliers to charge an inflated price then raking off the difference.

According to Howard, experts estimate that procurement fraud amounts to 88% of total UK fraud losses, and as much as 20% of all corporate spend in the UK isn’t properly managed.

If you have a view on Howard’s article — maybe you agree that ECM has a huge role to play in combating procurement fraud — please add a comment and open up the debate.