Cash Leakage, Compliance & Automation Controls Assessment
Introducing our exclusive Accounts Payable Risk Assessment by Oversight, your key to identifying vulnerabilities and fortifying your financial foundation.
As the backbone of any organization, Accounts Payable processes play a crucial role in maintaining smooth cash flow and vendor relationships. However, risks within these processes can lead to:
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Duplicate Payments
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Hidden Fraud
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Policy & Compliance Violations
Risk by the Numbers
$2.3M
With recovery auditors typically charging 8-10% in recovery fees, the cost of recovering leaked cash is extremely high.
10,000
For every 10,000 invoices processed, nearly 200 will result in a duplicate or erroneous payment.
5%
For every $100 million in annual revenue, companies are losing $5 million to fraud.