Change is inevitable and can have significant impacts on business processes, especially in procurement and accounts payable (A/P). Here are three strategies to manage change effectively:

  1. Configure ERP Systems: Optimize your ERP system to prevent overpayments by conducting a benchmark recovery audit. This helps identify process weaknesses and system gaps, allowing you to configure your ERP controls better.
  2. Invest in Duplicate Prevention Software: Implement software like apexanalytix to catch and prevent duplicate payments more effectively than internal processes or ERP systems alone. This software can save significant amounts by preventing duplicates and allowing auditors to focus on high-value tasks.
  3. Regular Audits and Software Upgrades: Schedule regular audits and keep your duplicate prevention software updated. Changes such as mergers, new systems, or market disruptions can increase errors, so staying current helps mitigate these risks.

By adopting these strategies, businesses can better manage changes and protect their financial health.

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