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SAP Concur Blog·· 2022-06-29

SAP Concur: Duplicate Invoice Payments May Cost SMBs $12,000 a Month

How Much Money is Your Business Throwing Away in Duplicate Invoice Payments?

AI Overview

Based on invoice data from September 2015 to August 2016, SAP Concur says duplicate payments are a common and preventable error in accounts payable. Its SMB customers (up to 1,000 employees) process about 450 invoices in a busy month, with a 1.29% duplication rate—roughly six duplicate invoices monthly—and an average duplicate value of $2,034, implying about $12,000 in potential monthly outlay if paid in error. Concur Invoice matches invoice details to identify duplicates and can be configured to alert or automatically halt processing.

Source:SAP Concur Blog · concur.com