AP fraud rarely looks like fraud. It looks like a duplicate invoice that slipped through, a vendor bank change no one verified, a PO that was matched to a receipt that never actually happened. According to the 2026 Report on Occupational Fraud from the Association of Certified Fraud Examiners, asset-based misappropriation schemes are the most common category of occupation fraud, accounting for 90% of fraud occurrences. Under that umbrella, billing schemes are the second most common and costly forms, with a median loss of $90,000. The controls most finance teams rely on to catch these schemes are still running on spreadsheets, email threads, and after-the-fact reconciliation.

If your team is performing 3-way match manually, in batches, or only on invoices above a certain threshold, you have blind spots. This session is for finance and AP leaders who want to understand exactly where those blind spots live, how fraudsters exploit them, and what a modern, real-time 3-way match process looks like inside NetSuite.

We'll walk through the anatomy of common AP fraud schemes, including duplicate billing, shell vendors, quantity inflation, and PO/receipt manipulation, and show how purpose-built 3-way match logic, vendor onboarding controls, and embedded approval workflows work together to shut them down before payment is ever issued.

In this 45-minute session, you’ll learn:

• The four most common AP fraud patterns that bypass traditional 3-way match controls, and the specific data signals that expose each one.
• How to evaluate your current matching process against a real-time, exception-based model, including which tolerances, match criteria, and audit trails matter most.
• Where vendor onboarding fits into fraud prevention, and why bank account verification, duplicate vendor detection, and segregation of duties at setup are as important as the match itself.
• A practical framework for moving from batch-based reconciliation to continuous, NetSuite-native 3-way match without adding headcount or another system.