PayStream Advisors Present Five Best Practice Steps for a Successful Statement Audit Process

Large enterprise accounts payable organizations manage millions of payments to thousands of vendors each year. Business changes including mergers and acquisitions, consolidation, and centralization, as well as new systems and automation mean that 100 percent payment accuracy is nearly impossible – even for AP organizations with the strongest controls. To identify the highest percentage of anomalies and recover the most dollars, it is necessary to investigate both a company’s internal AP data and processes, as well as its suppliers’ AR data and processes.