Identifying Fraud

How to Prevent A/P Fraud

How to Prevent A/P Fraud Accounts payable (A/P) fraud is a common occurrence for businesses in all types of industries. This is no surprise as money flowing out of any organization must go through accounts payable, creating a lucrative place for criminals to commit internal and external fraud. The good news is there are ways…

best-practices

Accounts Payable Best Practices

Accounts Payable Best Practices Accounts payable is one of the most important aspects of your business. After all, it’s what keeps it profitable and thriving. Since the way you manage your accounts payable process significantly impacts your cash flow, bottom line, and reputation, implementing best practices is essential. Let’s take a closer look at the…

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How to Choose the Right Recovery Audit Company

How to Choose the Right Recovery Audit Company Recovery audits are an important part of business; they can help you recover crucial lost income and identify weaknesses in their accounts payable workflows. Although many businesses know why they should run recovery audits, they may not give as much thought to who is actually running them. Not all recovery audit…

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What Is Spend Analysis Technology — and Why Should I Use It?

Spend analysis operates on a simple principle: a business should know where its money is going, and how effective that money is. Of course, that’s often easier said than done. While it’s possible to analyze an entire company’s data by hand, it’s certainly not easy, efficient or accurate. Companies often sprawl across systems and data…