Learn How Lose the Lost money caused by Double invoice Values and Upgrade the Cash collection in Your Accounts department

Although the Duplicate bills quantityand size is normally less than compliance or pricing errors this type of overpayment is the most feared by accounts payable management as the duty is on them to warrant that these errors do not occurby using recovery audit software.

How Do They Happen?

ERP or Accounting software should have the controls in place to highlight, track or catch duplicate payments overpayments. Yet, the chance of human error means none of the packages are sophisticated enough to prevent more than about 75% occurrence. The Institute of Management and Administration acknowledges that “Completely eliminating duplicate payments using recovery audit software may be an impossible dream”..

Third Party Solution
If you need to purchase a system to maintain this process, then there are a number of key aspects that need to be considered in order to ensure the optimum fit. These include:
-On-going Costs - No costly or time consuming training or installation costs as our recovery audit software is designed planned to work straightaway.
-Operation - It can be set up and run to pick up costs in under an hour. It can be used just before your payment run and stop expensive recovery costs.
-Advanced Processing - make certain the software includes the most up to date and industry strength formulas and pattern matching techniques.
-Increase Management- Puts you in charge of your accounts payable audit process and enables you to do this both quickly and cost effectively.
-Avoidance - The solution allows you to pre-process your upcoming payments so you should never pay a duplicate invoice again.
-Ease of Use- Anyone in your Accounts Payable department can us it and you don’t need a degree in auditing. No re-training costs required necessary.
-Better Methods - The duplicate payment report clearly shows you the reason for the duplicate and enables you to improve your processes to prevent it happening.

FISCAL Technologies is the only organisation to focus only on overpayment detection solutions. We empower Accounts Payable controllers and have analysed client data from all the major financial systems and in 100% of cases we have discovered accidental duplicate payments that they were ingnorant of saved each many thousands of dollars. We offer a no expense overpayment health check and reportto all qualifying organisations.

Please visit - www.fiscaltechnologies.com