About Duplicate Payment Detector
Cash recovery tool - detection of duplicate payments and other transactions. Identify any type of duplicate item such as invoice payment, employee expense report, duplicate inventory item, fixed asset, etc. Duplicate payments/invoices can arise due to a variety of reason, one of the most common of those reasons is when duplicate vendors have been setup. Testing for these duplicates is a common audit activity, but can often become complex because of such things as multiple platform, difficulty of data conversion/extraction, large processing volume, etc. For these and other reason, the function is sometimes outsourced. Making the situation even more complicated, there can be instances where employees override system built-in controls. Also, judgment is required in order to identify what constitutes a "duplicate". For example, a transposed invoice number may have been entered once and then the correct invoice number entered a second time. Not all systems will detect such a duplicate payment.
Besides duplicate payment, some payments may be mis-keyed as to amount, e.g. $12, 500 instead of $125.00. These types of errors can be often be identified through a review of outliers or by performing the "relative value" test.
Changes in this version:
Major version upgrade( By EZ-R Stats, LLC - Duplicate Payment Detector Publisher )
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