Insights
Publication | BRG CFO Solutions
Insight of the Week: Duplicate Payments
May 6, 2020
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.