Every business knows the frustration of invoice inaccuracies—a misalignment that can lead to significant, unnecessary financial loss. Our innovative solution is specifically designed to bridge the gap between contract terms and invoicing, using advanced analytics to ensure each invoice you receive is precisely aligned with your agreed contractual terms.
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, swiftly sorting them out and forwarding more complex issues to your Contract Management team for further assessment.
A prominent, large manufacturer was already a big advocate of CATS CM contract management, one of our valued partners. There were strong suspicions that 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.
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. Our pricing models are designed to suit various business needs. You have the option to choose either a fixed-price model depending on the amount of your contracts and invoices, or a No Cure No Pay model where you only pay based on the actual savings you achieve, ensuring you take minimal risk while maximizing your investment returns.
Contact us to learn more about how our tailored invoice analysis solution can not only streamline your billing process but also ensure compliance and significantly enhance your bottom line. Embrace clarity, efficiency, and profitability by closing the gap between contracts and invoices today.
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