Duplicate payment is a major financial drains facing organizations today.
When you accidentally pay the same invoice twice, you’re of course tossing money away unnecessarily. This eats into your margins and inhibits your company’s financial progress. Who could ever stand for that?
In its 2014 annual report, the US Government Accountability Office (GAO) disclosed that it was involved in preventing such improper payments of $124.7 billion within just 22 federal agencies. The report is government-specific, but it tells the same story for business.