firststrike Overpayment Prevention
Check yourself before you wreck yourself.
$2M per billion in spend, that’s how many overpayments slip through normal ERP controls. firststrike catches overpayments before they go out the door with the most powerful duplicate analytics and AI on the market.
apexportal Overpayment Prevention
Check yourself before you wreck yourself.
$2M per billion in spend, that’s how many overpayments slip through normal ERP controls. apexportal catches overpayments before they go out the door with the most powerful duplicate analytics and AI on the market.
“You paid me twice.” Impossible!
If you are lucky, your supplier lets you know when they have been paid twice. Too often, they don’t. Either way, it happens.
And it happens for a simple reason. Suppliers submit duplicate invoices because they are afraid they won’t get paid.
You think your normal ERP, invoice approval and three-way match controls would prevent this.
They do, most of the time, but they aren’t perfect…
$2
million
per billion
That’s how many overpayments slip through normal ERP controls. firststrike catches them.
Normal ERP controls stop most, but firststrike stops all duplicate payments.
ERP duplicate invoice checks block the second invoice if it is entered in exactly the same way as the first —same company code, vendor, date, invoice number, amount, currency, and ERP instance.
firststrike is built to catch every duplicate that isn’t an exact duplicate:
Minor invoice number differences:
18132 1B132 18l32
018132 188132 01B132
018l32 118132 181l32
18132 1B132 18l32
Substitute invoice number problem:
Invoice Date, PO number, or shipment number used as the invoice number.
Vendor name problem:
Danny Thompson v. Danny Thomas Fisher Scientific v. Thermo-Fisher
Check yourself before you wreck yourself.
firststrike connects to all your ERPs to compare all invoices and payments processed across all your ERPs and submission methods.
AI automatically scans every invoice to identify duplicates and outliers then assigns priority based on likelihood and financial impact.
M&A problem: One invoice, two systems.
Company code errors: One invoice, two company codes.
Gross/Net problem: Two invoices, one with freight or tax, one without.
ERS problem: Different invoice numbers, same bill of lading.
Bidirectional integration with ERPs allows firststrike to automatically correct or block duplicate invoices from being paid.
Built-in supplier-facing workflows to expedite collaboration around exceptions.
The Power Behind firststrike Overpayment Prevention
30+
years
auditing and preventing overpayments
$8.1
trillion
of spend analyzed each year
Continously updated
through machine learning
across all ERPs
Auto-blocking, Auto correcting, Auto learning
expedite issue resolution
Analytics informed
Built-in performance tracking
Root cause reporting
$3.4
million
$120
million
$1.5
billion
💸
Overpayment Prevention powered by apexportal®
Avoid fraud with
Layers of Protection
Append and validate supplier information using
850+
data sources
including tax ID, bank account ownership, prohibited lists, business status, diversity status, and insurance coverage.
