AP Transaction Analytics Module

If you pay more than 10,000 supplier invoices each year, you are almost certainly making losses you know nothing about. AP Transaction module identifies potential overpayments, errors and fraud in present and past accounts payable data, either on a constant monitoring, daily or weekly basis. Current accounting software does not cover the functionality within this module and typically can only carry out a simple check.

Duplicate payments and errors are caused by over 30 different reasons, many down to suppliers, budget holders, process issues, factoring companies and sometimes fraud. Current accounts payable processes and manpower cannot protect against all of them. AP Transactions module highlights different types of duplications across 31 risk levels, supported with unique pattern matching and credit allocation functionality. It can highlight a wide range of errors and issues:

• supplier errors
• typographical mistakes
• fraudulent transactions
• payment liabilities
• misallocated payments
• process errors
• compliancy issues
• multi-supplier entries
• transactions across financial years
• unauthorised annual renewals

AP Transaction module will act as a failsafe to all types of duplications mentioned, is very effective prior to a payment run and can analyse across several business units and financial years. It is an accounts payable audit tool that saves valuable AP time, improves invoice management processes and protects precious working capital.
If you still don’t believe you are making duplicate payments and you process more than 10,000 invoices per annum why not make sure and click here to apply for a free health check worth £495.

How It Works

AP Transaction module identifies potential duplicate payments and errors using over 51 proven search algorithms and sophisticated pattern-matching techniques. These techniques are constantly refined and have been used to process millions of transactions over the last 9 years across hundreds of organisations.

• Management Reporting - The software generates a number of easy to read reports detailing potential duplicate payments, categorised in order of priority.
• Process Improvement – using a unique system of identification AP processes can be improved.
• Any Accounting System - It works with any major accounting system. 
• Less Than 1 Hour Per Week - The easy to use menu options provide a step-by-step guide and the whole process often takes less than an hour a week to complete. It can be used daily, weekly, or monthly.
• For Any Budget - Depending on your organisational requirements AP Forensics® is available in three versions: Express, Business or Enterprise.

Immediate Business Benefits

AP Transaction module has been designed to be used by any finance professional almost straightaway. It can be set up to work within any Accounts Payable process in under a day and delivers the following benefits very quickly:

• Increases AP control
• Cuts costs
• Supports compliance
• Immediate payback
• Reduces risk and fraud
• Improves cash flow
• Raises profitability

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