One fake document can blow up your books
Modern document fraud is invisible to the human eye. Employees use ChatGPT and Stable Diffusion to generate receipts that already carry the right merchant names, tax lines and totals, while vendors and fraudsters edit invoices and statements directly in the PDF content layer. The formatting matches, the math reconciles and a three-second glance never catches it.
AI-generated expense receipts
A salesperson asks ChatGPT for a steakhouse receipt and submits a $200 client dinner that never happened. Ramp's agents flagged over $1 million in fraudulent invoices in just 90 days, most of it low-value, high-volume first-party fraud.
Fake and altered invoices
Vendors inflate line items, and fraudsters hijack a real supplier thread to slip in a change-of-bank-details invoice. Business email compromise and fake invoices cost organizations $2.77 billion in 2024 alone.
Forged statements and proof of address
Bank statements get edited in the content layer to support a refund or a credit application. Utility bills now top the AI-generated fake rankings at 21.3%, ahead of bank statements, yet most finance teams barely check them.