How to stop supplier fraud before it starts

Alex Maurice, Finance Director at Renais Gin, and Alistair Wallace, founder of BKB Accountants, joined us for a candid conversation about payments, growth, and the tools that help them work better together.

Their conversation covered everything from supplier management to scaling smoothly – but one thing stood out: how much both value security and control in their finance operations.

A real case of fraud and a lesson learned

Alistair shared a first-hand experience from earlier in his career that underscored why payment security can’t be an afterthought:

“We had a client whose bookkeeper committed fraud by changing bank details on supplier payments. Mimo would have stopped it.”

How Mimo helps prevent supplier fraud

Traditional bank transfers and spreadsheet-based approvals leave room for human error, or worse, manipulation.

When you manage payments through Mimo, you get an additional layer of security where it matters most: before the money leaves your account.

Here’s how it works:

• Invoice data is automatically read, including supplier name and bank details

• That data is cross-checked in real time

• Any mismatches between the invoice and the payment instructions are flagged immediately

So if a bank detail has changed or doesn’t match the registered supplier, Mimo makes sure it doesn’t go unnoticed.

Save time without compromising on control

Alongside security, efficiency was another clear benefit shared during the conversation. Alex explained how his team at Renais reduced their monthly payment workload from three days to just two hours after implementing Mimo.

For both sides, the biggest gain was knowing they didn’t have to trade speed for oversight. With Mimo in place, they could streamline payment processes and stay confident that everything was being handled securely and correctly.

Watch the full conversation

See the recorded webinar here to learn more about how Renais Gin and BKB manage payments, collaborate more efficiently, and stay ahead of risk.