Supplier Statement Audit Overview
Increase Response Rates, Speed Recoveries and Lower Your Cost per Claim
Increase Response Rates, Speed Recoveries and Lower Your Cost per Claim
Missed supplier credits can drain hard-earned profits without you even knowing it’s happening. Common causes include merchandise returns, markdowns, canceled orders, rebates and credit memos paid as invoices. With the powerful Statements Reconciliation module available with our apexportal, you can identify and recover outstanding credits that previously would have remained hidden.
We use cognitive analytics and other powerful technologies to automate the statement audit process end-to-end. That means you can you can significantly lower your cost per claim and can identify and recover overpayments close to the original transaction – not months or years after the fact. In addition, your suppliers benefit. They can keep their financial relationship with you current and avoid future claims they didn’t expect.