Simplifying Invoice Audits and AP Processing [IOFM]

In partnership with IOFM

The Comma that Cost Millions ($) – Simplifying Invoice Audits & AP Processing

Auditors come well-prepared with no exceptions to the rules for identifying potential financial frauds or scam attempts, verify all finances based on randomly selected invoices and payments with a detailed review of compliance standards and risks.

Accounts payable audits (AP audits) share the moment of truth of improper processes for finance departments, costing the financial future of any organization. A slight error like a comma can cost companies millions of dollars.

Learn how you can build and implement a comprehensive invoice audit and accounts payable process to manage paper and paperless vendor invoices with a scalable AP automation solution.

This webinar is for AP & Finance teams focused on:

• Identifying missed and duplicate invoices, tracking invoice status and approvals
• Conducting 2 & 3-way match of invoices using AI + Digital Workflows
• Building AP dashboards with clear performance metrics & KPIs
• Developing audit & processing workflows for recurring invoices
• Managing vendor relationships and performance compliance

Even though no one knows when Auditing Day will come, it’s important to be aware of pain points and procedures auditors keep in mind.