Supplier Invoice Fraud

Supplier Invoice Fraud - the No. 1 Cyber Security Insurance Claim Payout

(Source: AIG)

Lloyds Bank estimates that 53% of SMEs in the UK have been affected by supplier invoice fraud with worldwide losses to businesses now exceeding $26 billion. Data suggests that it is growing at around 130% per year and that an increasing number of businesses are falling victim. UK SMEs are losing more than £9 billion to invoice fraud every year!

How we can help

Consolido Limited has teamed up with Check An Invoice to provide you with the world's first SaaS application focussed purely on identifying invoice fraud. For a monthly fee starting as low as £30 per month, all of your supplier invoices can be checked in a matter of minutes and any suspicious details flagged to you for verification.

Losses from each fraud can be thousands or tens of thousands of pounds which an SME may need to find immediately to pay a key supplier in order to ensure supplies or services are not cut off. By investing a small amount in this service you can take a big step towards insuring your company against one of the most prevalent and damaging cyber security risks affecting businesses today.

Thought leadership

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Consolido Limited is registered and regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) and is a member of the ICAEW Practice Assurance Scheme and the Business Advice Scheme. As a result, we are expected to work to the highest professional standards, complying with all relevant legislation. We must have a chartered accountant leading our organisation who has completed in-depth training and passed a series of rigorous exams as well as completing ongoing Continual Professional Development. All this means you can be assured of the highest standards of work when you engage Consolido Limited to help guide your business's growth.

Consolido Limited | 55 Hersham Road, Walton-on-Thames, Surrey, KT12 1LJ | 0203 488 2642| Company number: 12078964