Identifying and Preventing Contract Leakage in AP

In this session, Angelina speaks with Miles about how organisations can identify and prevent contract leakage by continuously verifying invoices against negotiated contract terms.

The discussion explores why procurement and finance often operate in separate systems, leading to invoices being approved against purchase orders instead of the master contract. Angelina explains why traditional three-way matching is not enough to ensure contract compliance and highlights industry benchmarks that estimate contract leakage at 2 to 5 percent of supplier spend each year.

The session also demonstrates how RedOwl helps prevent contract leakage by extracting invoice line items, cross-referencing them against active master service agreements, instantly flagging pricing variances, and stopping overcharges before payments are made.

If you have any questions after watching or would like to learn more, visit redowl.ai or get in touch with our team.