Financial fraud has become one of the major concerns of companies in many industries determining business owners to seek various prevention methods. In many cases, fraud prevention software is the most important element in keeping companies protected from such offenses.
In order to address financial losses, Paid Analytix has created a machine learning accounts payable software that uses Artificial Intelligence to solve such problems in a very short time.
The accounts payable automation process comes with a lot of benefits especially for medium and large-sized enterprises that deal with large volumes of invoices per year.
The process associated with an audit recovery implies reviewing transactions and information used to identify various payments with the purpose of retrieving lost amounts of money.
PAID Analytix has been in the field of providing customized solutions for companies for quite some time now and proposes a targeted audit software for finding and, most importantly, preventing future duplicate payments.
Accounting departments are essential in the correct functioning of a business. In order to ensure the smooth functioning of the accounting department, thorough accounts payable controls are a must.
There are various reasons which lead to double invoicing, but it is important that this type of mistake can be avoided. PAIDAnalytix has worked on fixing many accounting problems by implementing various Artificial Intelligence (AI) solutions for numerous clients.
In this article, we make a brief presentation of the tools available for accurate and correct accounts payable procedures with an emphasis on the overpayment protection software developed by PAIDAnalytix and what makes it stand out among the others.
Artificial Intelligence (AI) can be successfully used in accounting by easing accounts payable departments’ jobs. PAIDAnalytix has such a solution that can be used by medium and large-sized companies in need of automated software.
We present to you some of the most important advantages of our recovery system which promises to deliver outstanding results and make a difference in their companies.