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Does finance automation really improve accuracy and reduce fraudđź”’? | Tyler Caskey
Heather Smith & Tyler Caskey join ApprovalMax to have a conversation exploring how finance automation boosts accuracy, prevents fraud, and streamlines processes.
Today I’m speaking with Tyler Caskey Partner at The Bean Counters
In this episode, we talk about . . .
Apps & Tools Mentioned: ApprovalMax, Xero, Mayday, Power BI, OnePassword, Practice Protect, EFTsure.
00:00 – Welcome & Introductions
 Hosts set the scene, introduce Tyler Caskey, and outline today’s automation & fraud prevention focus.
02:15 – Why Finance Automation is a "No Brainer"
 How automation improves efficiency, accuracy, and security for finance teams.
05:04 – Real-World Automation Wins
 Case study: $50M invoice group transforms processes with ApprovalMax & Xero.
08:42 – Common Fraud Vulnerabilities in Small Business
 From hacked emails to bank detail changes—how fraudsters infiltrate.
12:15 – Invoice Scams & How to Spot Them
 Practical warning signs and red flags finance teams should never ignore.
15:50 – Credit Card & Virtual Card Fraud Prevention
 Reducing risk with approval processes and controlled card usage.
19:32 – Passwords, 2FA & Segregation of Duties
 The non-negotiable security practices for finance teams.
23:05 – Fraud Cost & Prevention Statistics
 Eye-opening data on human error, scam losses, and automation benefits.
26:40 – Training Your Team for Fraud Awareness
 Creating a culture that detects scams before they succeed.
29:55 – ApprovalMax Features That Reduce Risk
 Notifications, audit trails, and bank account verification tools.
33:12 – Xerocon Brisbane Preview
 What Heather & Tyler are excited about—plus networking tips for attendees.
37:18 – Final Advice for Accountants & Bookkeepers
 Leading clients toward best-practice automation and fraud prevention.
Â
Contact details:
Accounting Apps newsletter: http://accountingapps.io/
Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMind
LinkedIn: https://www.linkedin.com/in/HeatherSmithAU/
YouTube Channel: https://www.youtube.com/ANISEConsulting
X: https://twitter.com/HeatherSmithAU
View all episodes
By Heather Smith | Accountant & Storyteller
5
11 ratings
Heather Smith & Tyler Caskey join ApprovalMax to have a conversation exploring how finance automation boosts accuracy, prevents fraud, and streamlines processes.
Today I’m speaking with Tyler Caskey Partner at The Bean Counters
In this episode, we talk about . . .
Apps & Tools Mentioned: ApprovalMax, Xero, Mayday, Power BI, OnePassword, Practice Protect, EFTsure.
00:00 – Welcome & Introductions
 Hosts set the scene, introduce Tyler Caskey, and outline today’s automation & fraud prevention focus.
02:15 – Why Finance Automation is a "No Brainer"
 How automation improves efficiency, accuracy, and security for finance teams.
05:04 – Real-World Automation Wins
 Case study: $50M invoice group transforms processes with ApprovalMax & Xero.
08:42 – Common Fraud Vulnerabilities in Small Business
 From hacked emails to bank detail changes—how fraudsters infiltrate.
12:15 – Invoice Scams & How to Spot Them
 Practical warning signs and red flags finance teams should never ignore.
15:50 – Credit Card & Virtual Card Fraud Prevention
 Reducing risk with approval processes and controlled card usage.
19:32 – Passwords, 2FA & Segregation of Duties
 The non-negotiable security practices for finance teams.
23:05 – Fraud Cost & Prevention Statistics
 Eye-opening data on human error, scam losses, and automation benefits.
26:40 – Training Your Team for Fraud Awareness
 Creating a culture that detects scams before they succeed.
29:55 – ApprovalMax Features That Reduce Risk
 Notifications, audit trails, and bank account verification tools.
33:12 – Xerocon Brisbane Preview
 What Heather & Tyler are excited about—plus networking tips for attendees.
37:18 – Final Advice for Accountants & Bookkeepers
 Leading clients toward best-practice automation and fraud prevention.
Â
Contact details:
Accounting Apps newsletter: http://accountingapps.io/
Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMind
LinkedIn: https://www.linkedin.com/in/HeatherSmithAU/
YouTube Channel: https://www.youtube.com/ANISEConsulting
X: https://twitter.com/HeatherSmithAU
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