Insight of the Week: Duplicate Payments

You may have controls in place for payables…but are they working? Are they enough?

Even the strongest controls can be broken. A vendor statement audit at this client confirmed suspicions of numerous duplicate payments. A review of the payables process identified root causes and gaps in the process.

As a result, the client was able to successfully recover credits and refund payments and enhanced the payables process to guard against future occurrences.

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