Auditing solutions

Incorrect Payment Protection

Identify double charged and double-paid invoices

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The opportunity

Fragmented data and weak audit trails leave errors undetected — causing businesses to lose billions each year in hidden overpayments. We recover these losses with the lowest false positive rate in the industry.

3.1X

Above benchmark recovery amounts

354%

Above benchmarks for vendor contamination

€1.7M

Recovered from across 450+ vendors

Leading European provider of food services and facilities management with €8B+ in annual revenue.

Recover hidden profits

Our technology and AP expertise finds duplicate payments, supplier overcharges, and billing errors in places that elude even the most skillful of auditors.

Address root causes

Errors are traced back to their source to understand why they occurred, then we provide clear steps you can take to permanently address systemic issues.

Arm yourself with insights

Access customized, post-audit reporting that breaks down error categories and provides vendor-specific risk analysis to prevent future payment mistakes.

Validate every finding

Each finding undergoes multi-layer verification for a comprehensive recovery with unmatched accuracy and an industry-leading false positive rate.

Typical breakdown of root causes

Duplicate or inconsistent invoice numbers or vendors
Duplicate payments across systems, companies, entities
Incorrect or mismatched invoice date or reference number
Invoice scanning errors (OCR mistakes)
Currency mismatch or incorrect currency used
Data conversion errors across systems

“SpendLab provided us with great insights into our AP and recovered a huge amount of missed profits”

Consumer retail chain with 200 European stores