Name: CFOs back new tech helping stem billions lost to mistakes, fraud
Uploaded: 2026-03-27T20:00:33.912Z
Duration: 4 min 16 s
Description: Some of Australia’s top CFOs and corporate finance leaders have come together to discuss the growing challenge of financial leakage, estimated to cost businesses billions each year. New real-time technology from RedOwl is helping organisations identify and stop financial losses before money leaves a business.

Some of Australia’s top CFOs and corporate finance leaders have come together to discuss the growing challenge of financial leakage, estimated to cost businesses billions each year. New real-time technology from RedOwl is helping organisations identify and stop financial losses before money leaves a business.

Melbourne

Large organisations routinely lose significant amounts of money due to mistakes, duplication, and fraud in their financial processes. Red Owl, an award-winning platform, is being adopted by CFOs and finance leaders to help control these risks in real time, auditing transactions before money leaves the business.

Industry experts highlight that payment card fraud is expected to cost businesses over $400 billion globally in the next decade, and 6–12% of contract value is often lost due to leakage. Red Owl's technology combines artificial and human intelligence to surface governance and compliance issues, aiming to stop financial leakage, particularly for mid-market and larger enterprises.

CFOs back new tech helping stem billions lost to mistakes, fraud

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London

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Breakdown