CashTracker 'Duplicate Invoice Detection'

PLAUT are pleased to announce the first release of CashTracker 'Duplicate Invoice Detection'. CashTracker provides a unique end to end solution that enables businesses to apply a set of business rules to their transactional environment to assist them in detecting potential duplicates. The International Accounts Payable Professionals' estimate that $10,000 worth of duplicate invoices are paid for every $10million worth of spend.

So if you are $100million dollar business that's potentially a lot of lost cash going out the door.

To date, typical responses have included commissioning audit checks, one off data sampling, or the coding of specific programs within the ERP itself.

CashTracker distinguishes itself by enabling business to refine the rules engine over time, adjusting and improving the algorithms to suit business specific scenarios. Some of the features of the CashTracker approach include:

  • High Performance Search Engine
  • Configurable rules and filtering, including blacklists and whitelists
  • Relevance scoring
  • Fuzzy matching
  • Annotation system for results management
  • Multiple data source capability
  • Scalability
  • No performance hit on transactional system

Contact PLAUT for more information on CashTracker today on info@plaut.com.au.

 

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