Despite their effectiveness in capturing overpayments, Accounts Payable recovery audits have a fatal flaw: They are retroactive. Instead of keeping cash in the company, they focus on regaining lost funds.

But not all cash can be recovered from overpayments, it incurs extra costs from auditor commissions and staff overseeing the process. So instead of retaining working capital, some is lost in the process. Further, it’s difficult to predict when the overpayments will be recovered, causing forecast difficulties.

So, let’s shift your focus, from managing history to controlling the present.

The solution:

Our platform works on a preventative basis, continuously monitoring your invoices. It automatically finds transaction risks and exceptions, including PO inconsistencies, price discrepancies, fraudulent transactions and duplicate invoices. Then, we share all the information you need to solve those issues before the payment run and pay suppliers correctly, with no overpayments.

It can also be used to review previous transactions in the same way, so you can be up to date before moving to a real-time, continuous approach.