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.
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.