How to protect your company against fake invoices and fraud with Vidd

Running a company today is exciting — and riskier than ever. According to the Confederation of Swedish Enterprise, more than half of Sweden’s companies — 53% — were hit by some form of crime in the past year. Fake invoices, false suppliers and fraud attempts are unfortunately everyday reality for many.

This is something we at Vidd want to change.

My name is Noah and I am CTO at Vidd — a system that uses AI to automatically check suppliers and payments, and that makes it easy for companies to protect themselves against mispayments, fake invoices and other fraud attempts. Our goal is to reduce the risk of incorrect payouts and fraud, without creating more administration or workload.

When fake invoices become a silent risk

Many frauds and mispayments happen subtly — an invoice with a small error, an account number quietly changed, or a new “supplier” that looks legitimate but is a fraudster. Too often the problem is only discovered after the damage is done.

It does not have to be that way.

How Vidd helps you prevent fraud

Vidd is built to stay a step ahead. By automatically analysing supplier information, payments and invoices in real time, we detect risky behaviour and flag suspicious deviations before they lead to incorrect payments.

The system complements your existing routines and improves the more it is used. With Vidd you get smart supplier control that:

• Identifies fake invoices and unusual patterns in payment flows

• Verifies suppliers’ identity and account details

• Stops fraud attempts before the damage is done

Everything happens in the background — without disrupting day-to-day work.

We want security to be accessible

Checking suppliers and securing payments should not be complicated. With Vidd you get protection that does not require large resources or new infrastructure. Preventing fraud should be simple — and that is exactly what Vidd does.

We see it as our job to make advanced technology available to every company, regardless of size.

Want to know more about using Vidd in your business? Get in touch — we are happy to help you get started.

Noah Mannberg, CTO