Every November, the International Fraud Awareness Week shines a light on growing fraud risks and how to prevent them. It’s a week dedicated to learning, sharing experiences, and taking practical steps to protect our businesses. Telema is proud to be part of it as an official Supporting Organization.

Fraud is becoming more sophisticated, especially when it comes to invoice fraud and accounts payable processes. Payment-fraud losses in the EU are estimated to be over €4.3 billion a year (European Banking Authority), and studies show that organisations lose around 5% of annual revenue to fraud (Occupational Fraud 2024: A Report to the Nations) . These numbers are too big to ignore — and too important not to talk about. ( read more:

Fraud prevention is a shared responsibility. Throughout the week, organizations are encouraged to host discussions, share insights, and spread educational content using #fraudweek.

That’s exactly what Telema will do this week. We will publish a series of blog posts highlighting how strong accounts payable processes reduce fraud risks. When approval workflows are structured, supplier data is verified, and invoices are fully traceable, fraud attempts can be stopped long before payments are made.

Our goal is simple: to make fraud prevention clearer, easier, and more accessible for every organisation — large or small.

Whether you’re a CFO, an AP specialist, or simply someone who wants to understand how to protect your company from fraud, this week’s content is for you.