Duplicate Payments

The Exponential Impact of Duplicate Payments

Duplicate payments occur when a company pays the same invoice twice.  In today’s A/P environment, duplicate payments also include invoice-to-pcard, pcard-to-pcard, and invoice-to-T&E transactions as accounts payable organizations move payment to these more cost-effective, efficient methods. 

The Institute of Internal Auditors estimates an average of .1% of payments are duplicate payments.  This equates to an estimated $1,000,000 in duplicate payments for every $1B in spend.  What does this mean to your company? 

Capture Duplicate Payments with Technology Insight's Recovery Audit Services

• As part of its accounts payable recovery audit services, Technology Insight performs the most comprehensive, deep dive for duplicate payments in the industry using its proprietary, market leading technology. 
• Technology Insight identifies duplicate payments within and across any ERP systems, i.e. SAP, Oracle, PeopleSoft, homegrown, and other. 
• We identify duplicate payments across any number of disparate ERP systems.  
• There is no limit to the number of transactions that can be analyzed.  
• Technology Insight captures p-card duplicate payments including invoice-to-pcard and p-card-to-pcard.
• We capture T&E duplicate payments including invoice-to-T&E and T&E-to-T&E.
• We identify duplicate payments within any currency and across multiple currencies. 

Next Steps

Contact Us today for more information.