21st Century Financial Controls - Using Technology to Stop Fraud in its Tracks

For decades, accounts payable teams have searched for a way to cost-effectively analyze every vendor and every invoice for fraud before payments are disbursed. The good news is that software programs for continuous fraud monitoring are now readily available.

Can Audit Guidelines Reduce Trade Disputes?

Is there a way to take the sting out of disputed trade deductions, and create an environment that results in greater profitability for both supplier and retailer? We believe that clearly articulated audit guidelines, recovery best practices, and well-understood metrics can go a long way in achieving this goal.

Complying with the Improper Payments Elimination and Recovery Act (IPERA)

The benefits of IPERA compliance are significant. The Act promotes sound fiscal management, aligns agencies with industry best practices and promotes public confidence. But there is another more immediate benefit as well. Agencies will be able to reallocate a significant portion of the dollars they recover to their ongoing operations.

Freight Audit Bill Can Not Show All Mistakes that Hurt the Bottom Line

Industry estimates show that inaccurate freight bills add an average of .02% to a typical company’s annual freight costs. But vendors who fail to comply with established routing guidelines can have twice the financial impact – an average of .04%. If your freight spend is $200 million, for example, that can amount to $800,000 annual drain on your bottom line.

How Continuous Monitoring Can Transform Your Operations

Learn the five key aspects of an effective continuous monitoring solution for safeguarding disbursements. At the macro level, continuous monitoring is like a perpetual auditor looking at every transaction processed for errors and exceptions. The strategy involves the use of technology to scan data on a routine basis so you can uncover issues and measure performance. The results produced through monitoring help you manage more effectively, reduce your risks and protect your company’s hard-earned revenues.

How to Make the Most Out of Your Advertising and Media Budget

The advertising “supply chain” is both complex and error-prone. Some industry analysts estimate that process errors are costing companies between 1 percent and 3.5 percent of their advertising spending each year. How often should you conduct a review of your advertising “supply chain”? At least once a year is recommended. Otherwise poor practices fester, losses accumulate and it becomes harder for you to recover what you’re due.

Major Airline Soars to New Heights in Preventing Overpayments with State-of-the-Art Detection Technology

This company achieved 100% ROI for FirstStrike® in only one month and serves as a classic example of the old adage, “An ounce of prevention is worth a pound of cure.

Prohibited Entity Guidelines

How do you ensure that you are in compliance with prohibited entity requirements? Detailed information and practical advice on where to obtain lists, work with agencies, and establish a process are provided in this white paper.

Real-Time Audit: Best Practices Improve Retail Profitability

Retail audit recovery can be a difficult, time-consuming process. Attempting to collect overpayments months or even years after the fact, often with inadequate documentation, can also take a toll on on-going, mutually beneficial business relationships. As a number of leading retailers have discovered, there is a better way – and it’s revolutionizing the retail audit process. Download this whitepaper to learn more.

Recovery Audit and Overpayment Detection: How Best Practices in Accounts Payable Can Boost Your Profitability

Thanks to a challenging global economy, today’s business environment has never been more complex. Companies surviving and thriving in this tough environment are going back to the basics and analyzing every aspect of their operations. In the accounts payable arena, they are turning to industry best practices for recovery auditing and overpayment detection that can protect hard earned profits. These same best practices can help your accounts payable team take on a more strategic role – such as driving better cash management techniques and recommending vendor sourcing initiatives that can make a positive impact on your firm’s bottom line. This whitepaper outlines a three-stage process for using recovery audit best practices to evolve your accounts payable operations and deliver strategic benefit your business

Solving the Vendor Master Conundrum

Is your vendor master file out of date and riddled with duplicates? Does it fail to give you a clear view of which vendors are related to each other under the same corporate entity? In this whitepaper you will learn the tips and techniques of how to successfully execute the process of cleaning up your vendor master. You’ll also read about best practices to implement to keep your vendor master clean, including the use of a Vendor Portal and Supplier Registration tool, and the extra benefits you will find from having a clean vendor master file.

Stemming Duplicate Payments and Fraud in ERP Systems

For most businesses, accounts payable is the single largest company spend, and it is laden with potential risk. That’s especially true when it comes to duplicate and fraudulent payments. Though it is widely assumed that ERP software will effectively control such accounts payable errors, experience proves otherwise.

The Advantages of Auditing Closer to the Transaction

In an interview with Deduction &Chargeback Management, Jim Arnold, discusses the impact that retail audit software will have on chargebacks, post audits and retailer-vendor relationships.

Time for a Reality Check: Will Your ERP Platform Prevent Duplicate Payments and Fraud?

Learn seven important reality checks about how your ERP system protects your Accounts Payable processes. One company discovered its ERP platform missed $8 million in duplicate payments. This helpful white paper shows problem areas to investigate.