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Metrics / Facts

Types Of Payment Errors

Some of the more common types are:

  • Payments made multiple times to the same supplier
  • Payments made to a wrong supplier
  • Failure to consistently collect discounts or allowances due
  • Failure to post and process supplier-issued credit memos
  • Inconsistent item costs for frequently purchased items
  • Un-reconciled advances or deposits
  • Unauthorized charges added to supplier invoices
  • Inaccurate or delayed implementation of supplier terms changes

Protect your organization from the hidden cost of payment errors. Let us help. Contact us for more information.




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