Sponsored By Harvest Revenue Group
Free registration is required
- Billing errors account for 0.10% to .020% of lost revenue-or one to two million in lost revenue for every billion in payments or receipts. Automation, once thought to be the solution, has done more to proliferate than correct the problem. The underlying problem is complexity. The more complex the transaction, the more likely errors will occur. However, most companies look for "low hanging fruit"-duplicate payments, open credits, and cash discount errors, while neglecting to review the contracts and agreements against which these payments are made.
- Sponsored by:
- Released: August 17, 2012
- Length: 4 pages
- Format: PDF (586 kb)
- Email this abstract
- These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.
- Top Story
- Debt-Ceiling Distress
- Most Recent Accounting Articles
- Reining In the Spend
- Freed from the Budget
- An 18th Century Solution to Human Capital Reporting Standard