How to Eliminate Costly Supplier Overpayments
Payment errors are a common and costly issue for businesses around the globe–eroding hard-earned capital. In a recent podcast recorded by the Pennsylvania Institute of Certified Public Accountants (PICPA), apexanalytix SVP Phil Beane tackles the issue of overpayments head-on. He describes how payment errors happen and the specific, prevention-based steps you can take to reduce your risks.
“Through our global recovery audit services and our firststrike software, we prevent roughly $3 billion annually in overpayments. That gives you a feel for how big an issue overpayments are.”
Listen to the podcast here.