2% of your annual vendor spend recovered? Yes, Please.
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Duplicate invoices and payments are a common problem in accounts payable that can lead to financial loss, strained vendor relationships, and inefficiencies in your payment process. Manual processes, human error, and a lack of visibility can allow duplicates to slip through, costing your organization time and money. Our Duplicate Invoices & Payments Prevention Solution helps detect, prevent, and resolve these issues before they affect your bottom line.
Invoices and payments slip through unnoticed, leading to duplicate transactions and financial losses that are often never recovered.
Years of working in the same ERP can lead to many duplicate Vendors in the system.
Human error when entering invoice data into your system can lead to duplicate entries.
When multiple departments handle invoice approvals, a lack of communication can result in duplicate payments.
Vendors may accidentally submit the same invoice more than once, especially for recurring payments, which leads to confusion and potential overpayments.
Duplicate payments drain your resources and create unnecessary financial risk, impacting your bottom line.
Duplicate payments drain your organization's resources, often resulting in overpayment to vendors.
Overpaying or needing to request refunds creates tension in vendor relationships and erodes trust.
Tracking down and correcting duplicate payments is time-consuming and labor-intensive.
No citizen likes that their tax money is accidentally lost.
The ROI for your local government or school district
Recover thousands of dollars of payments from years in the past that are still recoverable.
Free up your AP and Finance teams from manual reconciliation tasks, allowing them to focus on more critical work.
Maintain a positive relationship with vendors by ensuring accurate and timely payments.
Stay compliant with internal policies and reduce the risk of payment fraud related to duplicate invoices.
"With ThirdLine, we all have the same information. Departments can look at the risks in real-time, while we can review the process to ensure it was followed correctly. This transparency helps us avoid ‘gotcha’ moments and promotes proactive risk management."
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Save time and avoid financial losses by preventing duplicate invoices and payments through automated detection.
Finance Directors reduce the risk of financial waste and improve internal controls by eliminating duplicate payments.
Elected Leaders can promote fiscal responsibility, showing that steps are being taken to prevent waste and protect public resources.
Hundreds of Analytics helping leaders in Finance, AP, Purchasing, Audit, and I.T.
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