Solutions
Duplicate Payment Finder™ software
If you pay more than 10,000 supplier 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 monthly 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, including many from supplier 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 & credit allocation functionality. It can highlight:
- supplier errors
- input & human errors
- typographical mistakes
- misallocated payments
- process errors
- compliancy issues
- multi-supplier entries
- unusual transactions
- transactions across financial years
- unauthorized annual renewals
- internal & external fraud
DPF will act as a failsafe to all types of duplications mentioned and 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 are still sure you do not make duplicate payments and process more than 10,000 invoice per annum then click here and apply for a free health check worth $995.
How It Works
Duplicate Payment Finder™ (DPF) is a software application which identifies potential duplicate payments using proven search algorithms and sophisticated pattern matching techniques. They are constantly refined and have been used to process millions of transactions over the last 6 years across hundreds of organizations.
- Management Reporting - The software generates a report of potential duplicate payments you are about to make, or which you’ve already made.
- 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 Month - The easy to use menu options provide a step by step guide and the whole process often takes less than an hour a month to complete. It can be used daily, weekly, or monthly.
- For Any Budget - Depending on your organizational requirements there are three options Express, Business or Enterprise.
Immediate Business Benefits
Duplicate Payment Finder has been designed to be used by any Finance professional almost straight away. It can be set up to work within any Accounts Payable process in under a day. It delivers the following benefits very quickly.
- Increase AP control
- Cuts costs
- Supports compliance
- Immediate payback
- Reduces risk & fraud
- Improves cash flow
- Raises profitability
Technical Specifications
Duplicate Payment Finder™ uses Microsoft Access and SQL Server to save all processes, reports and core AP data. It supports Microsoft Access 2000, 2002, 2003, 2007 and Microsoft SQL Server 2005 & 2008. It also works on Citrix servers that support Microsoft database solutions.
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