How Can Duplicate Payments be Identified?
A duplicate payment recovery specialist will offer a comprehensive audit solution to audit your Accounts Payable data, identify the errors and recover these overpayments. They will use bespoke auditing software and unique data matching algorithms to identify potential duplicate payments and then we recover those funds back to you. Their processes result in full transparency of your purchases, root cause analysis information and training to reduce the number of errors being made in future.
Their skilled team of auditors will have the experience and knowledge to recover monies on your behalf and returning value to your bottom line. Using industry leading technology, they thoroughly analyse all data in order to identify any potential errors and recover these funds back to your accounts. Their audit report will provide full transparency and explain root cause analysis information; ensuring that your staff will be fully aware of what is going wrong and the steps that can be taken to prevent the same issues recurring.
Are There Automated Solutions?
Duplicate Payments Recovery Software allows organisations to review their accounts payable data in a unique and non-intrusive way, to identify areas where duplicate payments might exist.
Duplicate payments happen due to human error, system changes, staff turnover or quite simply the volume of invoices processed causing automatic error from operators due to repetition. A duplicate payment recovery specialist will analyse your full purchase ledger a unique logic algorithms to identify potential overpayments. Using bespoke, in-house developed software and expertly trained auditors we offer coverage with no cherry picking, in order to identify and recover all errors that exist. Industry-leading management information and reporting give you full transparency, root cause analysis information and recommendations along with training to reduce the number of errors being made in the future. We provide a no risk, end-to-end recovery audit solution that delivers maximum recoveries.
Cloud-Based Software Analysis
Some Duplicate Payments Recovery can be a cloud-based software solution that offers end-to-end recovery audit services. The software analyses your purchase ledger to identify potential overpayments and show which recoveries can be made back to you. Obviously a cloud-based software cannot perform the recoveries itself, but the data can aid the recoveries to be made and easily reports to providers so as to aid their understanding that a repayment has to be made. Using bespoke, in-house developed software and expertly trained auditors, duplicate recovery specialists offer complete analysis and recovery of all overpayments, without exception, in order to identify and recover any duplicate payments that may exist. Industry-leading management information and reporting gives full transparency and root cause analysis information in order to create training recommendations for reducing the number of errors being made in the future. Our no risk, end-to-end recovery audit solution delivers maximum recoveries, in a completely non-intrusive way.
A full duplicate payment audit will offer a turnkey solution for all your Accounts Payable errors, reducing the risk of purchasing duplicate items, incorrect payments to suppliers and providing you with industry-leading management information and reporting. Create efficiencies in data entry and validation, with bespoke auditing software that runs 100% automatically and provides end-to-end transparency with no human interference.
What Are the Advantages?
Duplicate Payments Identification can help you identify and recover duplicate or incorrect payments made through your accounts payable process. When your organisation is trying to recover funds, you can’t afford mistakes. A good duplicate payments recovery specialist will know this, which is why we do everything we can to ensure our audit processes are highly accurate, and the results are verified by two independent auditors before being submitted to you. Any self-respecting accounts payable auditor will provide a no risk solution that delivers maximum recoveries in a non-disruptive and assistive way.