Empowering AP Teams To Reconcile, Retain And Recover Like Professional AP Recovery Auditors
Efficient Supplier Statement Reconciliation
With all the technology available to AP Teams today, one critical area remains a challenge – Supplier Statement Reconciliation. Traditional statement reconciliation is time consuming and inefficient. When statements aren’t fully reconciled, they can result in unknown mis-applied payments, erroneous charges, open invoices, and RNI (unmatched receipts) & negative impact on supplier relations.
Most duplicate payments are identified before they are made with good internal controls. But dupes still happen. Your ERP and other control elements are designed to identify duplicate payments – providing they are not worked around and the data is clean. The controls will capture a majority of duplicate payments. Avoidance is key. Auditing is assurance.
Enrich AP Teams With Recovery Audit Tools
- Identify Open Credits in Minutes
- Measurably Increase Efficiency
and Productivity of AP Team
- Identify Root Cause of Duplicate Payments
- Take Corrective Action to Prevent
Future Funds Leakage
- Avoidance of Cost Associated with
AP Recovery Auditors
- Complete Administrative Workflow Tool
- Email Capabilities Within the Tool – Internal and with Suppliers
- Improve Supplier Relations
- Reconcile Supplier Statements in
a Fraction of the Time
- Open Credits Applied To Current Payments
- Efficient Reconciliation
- ID Missing Invoices
- Avoid Credit Holds
- Clear RNI
- Escheatment Avoidance
AP Audit Tools
Enabling AP Teams to Reconcile, Retain and Recover like Professional AP Recovery Auditors.
Identify & recover credits. Detect missing invoices. Increase efficiency & productivity. Add funds to cashflow.
Recover duplicate payments when they happen. Identify root cause and take corrective action to prevent future overpayments from occurring.
Administrative workflow for managing Statement Wizard and DupeShield results. Full Transparency. Dashboards and Self-Service Reporting.
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