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

1reports1reporting sources2022-06-29Update

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Duplicate payments directly erode margins and consume finance-team time on remediation. For SMBs, invoice automation and duplicate detection are controllable spend-management levers worth evaluating in accounts payable.

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6月29日
  1. SAP Concur Blog
    SAP Concur: Duplicate Invoice Payments May Cost SMBs $12,000 a Month

    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.