Detect Hidden Vendor Payment Leakage Fast

In this session, James speaks with Cooper about how hidden financial leakage can occur in vendor payments, even when organisations have established ERP systems and approval processes.

The discussion explores how issues such as duplicate invoices, incorrect pricing, overbilling, and fraudulent vendor submissions can slip through because data is fragmented across ERP, accounts payable automation, procurement, and contract management systems. James explains why periodic reviews are often too reactive, making it difficult to identify and prevent financial leakage before payments are made.

The session also introduces RedOwl, which works alongside your existing systems to continuously analyse accounts payable data using machine learning. You'll see a demonstration of how RedOwl identifies duplicate invoices, pricing risks, contract coverage issues, and potential fraud before payment, including examples of out-of-contract charges and duplicate invoices with different bank details.

If you have any questions after watching or would like to book a demo, visit **redowl.ai** or get in touch with our team.