If you pay more than 10,000 vendor invoices each year, you are almost certainly making losses you know nothing about. Duplicate Payment Finder (DPF) is an accounts payable audit tool which identifies potential overpayments in present and past accounts payable data, either on a daily or weekly basis. Current accounting software does not cover the functionality within DPF and typically can only highlight simple duplicates.

Duplicate payments are caused by over 30 different reasons, many including vendor errors, factoring companies and sometimes fraud. Current accounts payable processes and manpower cannot protect against all of them. Duplicate Payment Finder™ highlights different types of duplications on six levels, supported with unique pattern matching and credit allocation functionality. It can highlight:

• vendor errors
• input and human errors
• typographical mistakes
• misallocated payments
• process errors
• compliancy issues
• multi-vendor entries
• unusual transactions
• transactions across financial years
• unauthorized annual renewals
• internal and external fraud

Duplicate Payment Finder™ will act as a failsafe to all types of duplications mentioned, is very effective prior to a payment run and can analyze 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 invoice per annum why not make sure and click here to apply for a free health check worth $995.

How It Works

Duplicate Payment Finder™ is a software application which identifies potential duplicate payments using over 47 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 7 years across hundreds of organizations.

• Management Reporting - The software generates a number of easy to read reports detailing potential duplicate payments, categorized 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 organizational requirements Duplicate Payment Finder™ is available in three versions: Express, Business or Enterprise.

Immediate Business Benefits

Duplicate Payment Finder™ 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