How to Hunt Down Duplicate Payment Errors and Reduce False Positives
Even with a diligent Accounts Payable department, how can you distinguish between mistakes and false positives? DataShark can do it for you.
For A/P departments that engage in loss recovery programs, false positives are the fly in the ointment: traditional audit tools either miss duplicate payment errors or are disrupted by a flood of false positives.
For the best results, you need a tool that has been tailor-made to reduce the noise of false positives. Technology Insight has created that tool: DataShark. Our powerful algorithms are programmed to seek out every duplicate payment error with speed and accuracy, all while minimizing the frequency of false positives. You can focus on streamlining your A/P department – DataShark will take care of the rest.
This guide will help you:
Determine the risk posed by duplicate payment errors
Define the impact of false positives on loss recovery systems
Pinpoint the most common triggers of false positives
Identify the most effective ways to remove false positives
Learn about the benefits of the DataShark tool
Understand what makes DataShark uniquely powerful, from algorithms made for P-card transactions to a proprietary manual refinement process