The SaaS Revolution- Your Recovery Audit Secret Weapon
The SaaS Revolution: Your Recovery Audit Secret Weapon Let’s be honest, cloud migration isn’t exactly breaking news. But you know what is? The explosive growth of SaaS adoption. Reports1 indicate […]
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AP Recovery Audits- The Essential Guide to Protecting Your Bottom Line
AP Recovery Audits- The Essential Guide to Protecting Your Bottom Line Organizations process millions of transactions annually. Amid this volume, errors are inevitable. Whether it’s duplicate payments, missed credits, or […]
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The Importance of Maintaining a Clean Vendor Master File
The Importance of Maintaining a Clean Vendor Master File The vendor master file is a cornerstone of accounts payable operations and plays a crucial role in maintaining financial integrity and […]
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Mastering Duplicate Payment Prevention
Introduction In the intricate landscape of Accounts Payable, one of the most insidious threats lurking in the shadows is that of duplicate payments. These seemingly innocent errors can have far-reaching […]
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Revolutionizing Accounts Payable: The Rise of AP Audit Tools in the Next Generation of Recovery Auditing
The Accounts Payable (AP) Recovery Audit industry emerged decades ago to address over-payments, over-charges, and accounting errors in medium and large-sized companies. Due to the high volume of transactions, companies […]
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Maximizing Financial Health: The Crucial Role of AP Recovery Audits for Healthcare Supply Chain Leaders
In the intricate world of healthcare supply chains, where precision and reliability are paramount, the Accounts Payable (AP) process plays a critical role. One often underestimated strategy for enhancing supplier […]
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Unveiling Efficiency: Exploring AP Audit Objectives for Financial Excellence
Over the last three decades, Accounts Payable (AP) Recovery Audits have been a widely known best practice for medium to large size organizations. Depending on the environment, organization and unique […]
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Your Supplier Is Not the Enemy
Critical Supplier Relationships and Audit Guidelines In any Accounts Payable Recovery Audit, a crucial but often abused component is the protection of the critical relationship clients have with their suppliers. […]
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Goods Received Not Invoiced (GRNI) – The Growing Financial Impact
Companies with a large, complex supply chain have many issues to deal with including shipping delays, receiving issues, and inefficiencies within the procure-to-pay process. If you purchase a large volume […]
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Vendor Master Best Practices: Keeping It Clean Mitigates Risk
Importance of the Vendor Master File As businesses change and grow, maintaining a clean vendor master file by using a combination of controls around the setup, maintenance and archiving of […]
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Money Trees Do Exist! Recover Hidden Profits
As organizations in many industries struggle through the pandemic for countless reasons, there are hidden profits, a virtual money tree – in the historical supplier payments that will be lost […]
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Fraud Alert: Banking Information Change Fraud – A Known Scheme with a Twist
Fraudsters are as creative as ever. Recently, I was told a story of fraud that resulted in more than $750,000 being paid to some very resourceful bad guys. You wouldn’t […]
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