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 . . . Key Points: How automation reduces human error and speeds approvals Real-world case studies with ApprovalMax & Xero Common vulnerabilities: hacked emails, invoice scams, credit card fraud Risk reduction strategies: 2FA, segregation of duties, virtual credit cards The role of password managers & proactive anti-fraud controls Fraud detection warning signs & team training Stats: $277M lost to payment redirection scams in Australia (2023) 80–90% of finance errors caused by human error Automation can detect fraud 50% faster & reduce losses by 50% Event Preview: Brisbane Xerocon tips & networking advice 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.   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