Duplicate Payment Prevention
Duplicate Payment Prevention identifies potential duplicate payments, reducing financial losses and optimizing cash flow.
How Duplicate Payment Prevention Works
Efficient Recovery Services
Duplicate Payment Prevention functions via an automated daily tool designed to detect potential duplicate invoices in advance, preventing their processing within your ERP system. Should duplicates slip through, they are promptly flagged for removal prior to payment. This solution expands its search criteria beyond conventional ERP parameters, employing probability-based identification to pinpoint duplicates. By minimizing duplicate payments, it decreases the necessity for credit recoveries.
Key Benefits
IM’s Duplicate Payment Prevention tool actively identifies potential duplicate payments to view and prevent potential duplicate payments – before they hit payment processing, reducing financial losses and optimizing cash flow.
Duplicate Payment Prevention helps optimize cashflow by minimizing the occurrence of duplicate payments. By flagging and removing potential duplicates before they are paid, the solution ensures that funds are allocated efficiently and that unnecessary expenditures are avoided.
Lower recovery costs through identifying duplicates before they are paid.
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