Australia is on the cusp of a new era where consumers will be granted the right to access and share data about themselves and their transactions as captured by businesses they deal with, such as banks, electricity retailers, and phone and internet service providers.

We’re entering the age of artificial intelligence. And as AI programs gets better and better at acting like humans, we will increasingly be faced with the question of whether there’s really anything that special about our own intelligence, or if we are just machines of a different kind. Could everything we know and do one day be reproduced by a complicated enough computer program installed in a complicated enough robot?

Accounts payable fraud can impact any business, regardless of its size. The organisations that are most vulnerable are those without robust systems for verifying invoices against purchase orders and evidence of goods or services received. When controls on invoice approvals and payments are not consistently and rigorously enforced, this creates an opportunity for financial crime.

I’m going to go out on a limb and assume your organization is like most others when it comes to AI: you know what it is, you believe in its promise and you’re eager to see what it can do for your business.