Direct Impact with Payment Resolution
Explore how entity resolution addresses double payments in small to medium enterprises by detecting duplicate transaction records. Learn to identify and resolve duplicate vendors and invoices to enhance payment accuracy, reduce manual errors, and improve business profitability through practical entity resolution methods.
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Companies lose a lot of money because of double payments, especially small- to medium-sized enterprises (SMEs), according to studies. Fraud is not the dominating cause. It often happens because of messy transactional data generated from multiple channels—paper invoices, reminders by email and phone calls, etc.—manual processes, and human mistakes.
Unlike the analytics cases we discussed, payment resolution is not just a means to an end. Every detected double payment translates directly into a gain in profits. Run a POC on double payments. Detect some and gain all the support needed to invest in entity resolution.
SAP Concur study
The study focuses on small- to medium-sized companies, likely because smaller businesses have ...