Accounts Payable Duplicate Payment
ERJ’s proprietary software and sophisticated technology identify all potential duplicate/wrong payments. With our auditor’s extensive experience in Accounts Payable Duplicate Payment recovery, partnered with our specialized software, we can dig deeper than most companies can do on their own. This allows us to eliminate false positives in the large pool of potential hits and identify the greatest likelihood of profit recovery.
Statement Audit Process
ERJs statement review becomes an extension of the client’s existing team and brings a systematic, disciplined approach to identifying unrealized credits due to the client. This information is received directly from vendors via a methodical and controlled data collection and our review process which is performed on a continuous basis.
All program activity is performed through offsite service centers so as to not disrupt the client’s daily business operations. This solution will not require any physical deployment of software or hardware, providing the flexibility of allowing credit recovery functions to be performed from anywhere the client operates.
how do duplicate payments occur?
- Special characters in the invoice number
- Transposition errors
- Fat finger errors (insertion or elimination of characters)
- Small differences in the amount
- Leading or trailing zeros in the invoice number
- Differences in transaction dates
- Potential duplicates are eliminated due to: Trends identified within specific suppliers, offsetting transactions, and linking to cash receipts data