FITEK PROTECTS YOUR BUSINESS
We help protect your business from invoice fraud.
Fraud has become increasingly complex. Fake PDF invoices, invoices from suspicious companies, and altered account numbers make spotting anomalies harder than ever. Fitek helps you stay one step ahead of invoice fraudsters and detect fraud in time.
HOW FITEK HELPS
Fitek detects invoice fraud and spots errors
Fitek performs a thorough background check on every incoming invoice and flags anomalies on screen with a yellow warning, so the accountant knows when to contact the invoice sender to verify the invoice.
What exactly does Fitek monitor.
Learns from your history
Automatically compares incoming invoices with historical amounts and analyses the visual authenticity of the document.
Supplier background check
We automatically check every supplier against the local business registers of Estonia, Latvia, and Lithuania, the EU VIES VAT registry, the GLEIF LEI registry, and the EU sanctions list.
Visual inspection of invoices
Using fingerprinting, we automatically compare each invoice’s visual layout against the supplier’s history and other invoices in the system to detect even the most sophisticated forgeries.
Purchase pre-approvals and supplier checks
Fitek offers various measures for spend management and fraud prevention before a liability arises – pre-approved suppliers, approval flows, strict rules, etc.
Bank account verification
We compare the bank account details stated on the invoice with the information stored on the supplier record, the same supplier’s previous invoices and all other bank account details in Fitek’s database.
Clear overview
Sometimes an employee changes a bank account number, for example based on a fraudulent email claiming that the details have changed. A warning will appear for this as well, and an audit trail is left behind.
Rejection patterns
We monitor whether and why invoices from the same supplier have previously been rejected.
Value from day one
No complex setup is required – security checks start immediately. The exception is certain types of checks that require a small amount of historical data to build up for comparison purposes or require Fitek FraudAI to be activated.
INDUSTRY RESEARCH
Fraud Detection: Industry Insights & Research
UK FINANCE
Annual Fraud Report 2026
The UK’s benchmark report on payment fraud, including invoice and mandate scams. In 2025, 68% of losses from these scams (£28 million) hit business and other non-personal accounts, underlining the case for automated invoice validation.
EUROPEAN BANKING AUTHORITY & EUROPEAN CENTRAL BANK
2025 Report on Payment Fraud
A joint EBA/ECB overview of payment fraud across the EEA, recording €4.2 billion in losses in 2024. It highlights fraud built on manipulating authorised users into approving payments, exactly the risk invoice fraud exploits.
WHAT IT MEANS FOR YOU
Benefits for every role.
FOR THE CFO
You can be sure that your team will spot invoice fraud before the payment is made.
FOR AP
You don’t have to be a sniffer dog capable of spotting every last anomaly. Fitek does it for you.
FOR IT
No development, complex setup, model training, or employee training required.
WORKS WITH THE ERP YOU ALREADY RUN
