Six-Figure Threat: The True Cost of Operational Finance Risks Revealed
Underestimating the full cost of errors, inefficient processes and other risks to operational finance leaves organizations exposed to financial loss if other cost saving projects take priority.
The total cost of incorrect payments and inefficient accounts payable processing far exceeds the face value of the invoices involved. The knock-on effects from the seemingly small fraud, risk, inefficiencies and compliance issues compound to be of concern to every level of the finance function.
When organizations make duplicate payments, they leave the door open to other risks and fraud, leading to financial loss, a reduction in the organisation’s available working capital, and reputational risk .
Download our e-book to understand the total impact of fraud, errors and process inefficiencies within your accounts payable function, and introduce a proven, preventative approach that typically achieves 5-10x return on investment.