Proactive identification of these with AI-powered forensic analysis protects working capital
Detecting duplicate and similar invoices is an essential AP control. However, automation and electronic invoicing have made it difficult to spot suspicious invoices. Thankfully, that’s where our automated detection steps in.
There are many reasons why duplicate invoices can enter your P2P processing. Some are legitimate, but others may be malicious
Whenever there are duplicate invoices, there is the risk of multiple payments being made for one legitimate invoice. The issue of duplicate invoices being paid is not uncommon and they are difficult to identify without specialist tools.
FISCAL’s NXG Forensics uses advanced analytics and pattern matching techniques, including artificial intelligence (AI) to detect duplicate and near-duplicate invoices in large volumes of invoice data, and does so fast enough that the suspicious invoices can be put on hold and do not get paid inadvertently, protecting your working capital from unnecessary loss.