Accounts Payable Audit Software
Duplicate Payment Finder™ is a market leading recovery audit software that detects duplicate payments. It is designed to be run by Accounts Payable staff and can be ready to use in an hour after installation. Due to its ease of use we always recommend using it before a payment run, thereby avoiding recovery costs.
Duplicate Payment Finder™ is a software application which identifies potential duplicate payments in your accounts payable data from suppliers/vendors. Using our proven proprietary search algorithms and sophisticated pattern matching techniques, the program generates a detailed report of potential duplicate payments you may have made.
10 benefits you gain from using our software include:
- Low Cost of ownership - No expensive or time consuming training or installation costs as it is designed to work straightaway.
- Speed of Use – It can be installed and run to find duplicate payments in under an hour. It can be used just before your payment run and prevent expensive recovery costs.
- No Extra Hardware - It is a desktop application.
- More Control - Puts you in control of your accounts payable audit process and enables you to do this both rapidly and cost effectively.
- Reduced Auditor Fees - You no longer need to pay large commissions to Recovery Auditors for recovering payments that you can do yourself.
- Increase Profits - Audit all your past payment data in one easy step. Any recoveries = immediate current year profit impact
- Prevention - The software allows you to pre-process your upcoming payments so you should never pay a duplicate invoice again.
- Ease of Use – Anyone in your Accounts Payable team can us it and you don’t need a degree in auditing. No re-training costs required.
- Improve Processes - The duplicate payments report clearly shows you the reason for the duplicate and enables you to improve your processes to prevent it happening again.
- Improved Compliance - As part of a set of process controls Duplicate Payment Finder will help you meet your commitments under Sarbanes-Oxley.
FISCAL Technologies is the only organisation to focus only on duplicate payment detection software. We have analysed client data from all the major financial systems and in 100% of cases we have discovered accidental duplicate payments that they were unaware of.
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