With high-volume invoice processing, poor control parameters and multiple Enterprise Resource Planning (ERP) systems, duplicate payments often go undetected. Built-in detection tools in ERP systems are not agile and sophisticated enough to dig deeper and spot fuzzy duplicates. What’s more,
Optical Character Recognition (OCR) tools may miss nearly identical letters, numbers or characters
Inability to adjust detection parameters may lead to slippages in identifying true duplicates
Fuzzy duplicates can potentially drain enterprise finances and frustrate the efforts of accounts payable and audit teams.
WNS Duplicate Invoice Detector is a universal duplicate detector that identifies near-duplicates, improves controls and helps plug financial leakage. The tool can be used across invoice and payment records and locates duplicates in different databases, including invoice data, vendor master data and customer master data.