AP Audit & Recovery

Make profit loss a thing of the past.

Basware’s AP Audit & Recovery service helps you identify and recover profits to maximize your working capital!

Even in large organizations with robust processes, unintended payment errors with suppliers can occur. These mistakes may seem minor, but they add up to substantial profit losses over time.

But it doesn't have to be that way.

With AP Audit & Recovery service, you can identify errors and increase your bottom line with our technology-enabled service while also:

Accelerate recoveries
Enhance supplier relations
Pinpoint root causes of erroneous fraudulent spend

Provide actionable, data-driven insights
Ensure full audit traceability
Minimize fraud exposure with risk identification

Solution overview
Achievable KPIs
Value drivers
Customer success

Unlock the potential for regaining profits with AP audit & recovery.

Armed with advanced technology, Basware’s expert audit team conducts an in-depth review of your disbursements and supplier statements to identify and recover funds you are owed. We handle the complexities so you can focus on your core responsibilities.

Now get ahead with:

Root Cause Analysis

Uncover payment error root cause to take corrective actions. Analyze trends in payment errors to refine processes.

Traceability

Monitor document recovery process for audit compliance, ensuring the traceability of original documents.

Analytics and Reporting Tool

Access our analytics and reporting tool during audits for insights into vendor management, fraud indicators, and compliance gaps.

Transparency via Portal Access

Effortlessly track claim status, recovery amounts, and credit classification through portal access. This streamlined approach ensures seamless monitoring without disrupting your teams.

Want to learn more?

Download our free AP Audit & Recovery Factsheet now.

Download

Achieve best-in-class cash recovery with our enhanced product suite

$1.6T

Spend protected

$190M+

Identified & Recovered in a year

$1M+

Recovered for every 1B spent

How you benefit from AP Audit and Recovery

Quickly identify and Recover Profits

Knowing your AP team resources are stretched, our audit recovery team helps you swiftly identify and recover missed credits.
We discover overpayments, review supplier statements, ensure data quality, and flag potential payment fraud.

Detect Anomalies with our Team

Our Audit Recovery team specializes in detecting payment variances and uncovering anomalies.
Our team uncovers duplicate vendor payments, erroneous transactions, and currency differences so you can focus on your core responsibilities.

Improve Supplier Relations

Strengthen supplier relations by reducing errors, minimizing unnecessary contacts, and accelerating credit recovery.
This approach enhances efficiency, fostering collaborative and positive relationships with suppliers.

We enjoyed working with the Basware team; they’re easy to work with, and the technology helped identify a significant problem.

Robin Holdt, Global P2P Director, Huntsman Corporation

What does it take to make it all happen?

Intelligent
Automation.

Sophisticated invoice-centric AI, trained on an unrivalled dataset of over 2.2Bn invoices, delivering real ROI.

All Invoices. Everywhere.

One system across the entire invoice lifecycle to consolidate systems, processes and simplify your business.

Full Compliance. Complete Control.

The world’s only end-to-end, dual-sided compliance engine for complete invoice lifecycle management.