Accounts Payable Solutions
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Businesses lose millions every year to simple Accounts Payable errors. These errors can occur for any number of reasons. They could be human errors due to manual processes, errors caused by erp or system upgrades and transitions, or the result of new technology that’s not fit for purpose.
Read more - Top 7 AP recovery services and why you don’t need any of them
Whether it’s overpayments, duplicate payments, incorrect sales tax or payments to the wrong suppliers - Accounts Payable mistakes happen in any organisation processing loads of invoices. These mistakes may seem small at first, but they can heavily affect an organisation's working capital and add up to substantial losses over time. Some companies still invest in AP recovery audits to recoup any overpayments and regain financial losses.
Read more - What is an Accounts Payable recovery audit?
You don’t have to be a doctor to know that prevention is better than cure. From car maintenance, to vaccination and even wrinkle control, prevention is cheaper, time-saving and far less painful. So why do businesses continue to take a retrospective approach to Accounts Payable problems? And what’s the cost recovery alternative to the traditional AP recovery audit?
Read more - Prevention is better than cure: why it’s time to replace your AP recovery audit