Posted by Jarrod Levitan on Mon, Feb 02, 2009
How many fake bills does your company process through payables? How many of those actually get paid? You would naturally assume none to the first question and be horrified if one actually got paid. Well that's what happened to thousands of companies to the tune of $7M.
Read this story, it's an eye opener.
Payables that slip through the cracks cost companies thousands every year. Whether it's fake, fraud, lost opportunities, or over payments, having a payables process or system that catches these items makes tons of sense and pays for itself in no time.