Operational analysis software company Oversight Systems launched Insights On Demand for Procure-to-Pay, a web-based application focused on automated analysis of corporate payment transactions to prevent and detect fraud, misuse and other improper payments resulting from errors.
Insights On Demand for P2P can be used with current invoicing and payment systems as a preventive measure for fraud and payment recovery, using advanced data analysis to identify: ghost vendors, mistaken payments for the wrong amounts, payments destined for the wrong vendors, duplicate payments to the same vendor, and payments outside of normal spending patterns for particular vendors, purchasers and items.
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