Tackling Invoice Inaccuracies

Every business knows the frustration of invoice inaccuracies—a misalignment that can lead to significant, unnecessary financial loss. Our innovative solution bridges the gap between contract terms and invoicing. We use advanced analytics to ensure each invoice you receive aligns precisely with your agreed contractual terms.

Advanced AI-Driven System

Our AI-driven system integrates a state-of-the-art data model that encompasses every detail of your contracts. This ensures that all invoice line items are matched perfectly to their corresponding contractual terms. The advanced analytics within our tool efficiently detect and address any discrepancies. Moreover, they swiftly sort them out and forward more complex issues to your Contract Management team for further assessment.

Proven Success Story

A prominent, large manufacturer was already a big advocate of CATS CM contract management, one of our valued partners. They had strong suspicions that the invoices were not aligned with contract discounts and pre-purchased services. An investigation showed a large gap. The identification and elimination of numerous mis- and overcharged entries resulted in an immediate 15% reduction in payable inaccuracies, amounting to substantial annual savings. Their chief financial officer highlighted the transformative effect, not only in rectifying billing inaccuracies but also in bolstering their financial governance system. 

Benefits and Pricing Models

Ensure the accuracy of your invoices are a perfect match to your contract terms. Experience cash-out savings of about 10% on contract value by eliminating wrong invoices and detecting nonexistent ones. We designed our pricing models to suit various business needs. You have the option to choose either a fixed-price model, which depends on the amount of your contracts and invoices. Alternatively, you can choose a No Cure No Pay model, where you only pay based on the actual savings you achieve. This ensures you take minimal risk while maximizing your investment returns.

Get Started Today

Contact us to learn more about how our tailored invoice analysis solution can not only streamline your billing process but also ensure compliance. Furthermore, it can significantly enhance your bottom line. Embrace clarity, efficiency, and profitability by closing the gap between contracts and invoices today.