Identifying and Fixing Contract Invoice Value Gaps

Do you know that a very serious Contract Invoice Value Gap exists between your paid invoices and what you agreed on in your contracts? Volume discounts, specially negotiated contract items, and line items that shouldn’t even have been invoiced as they were part of normal maintenance or service.

These are easy to miss! Even after accountants checks, as they only look at rightfulness (is there a contract and is it signed of). This value gap is on average 5-10%, we have business cases showing a 25%(!) gap. This gap can be identified and fixed. 

Advanced Analytics and AI-Driven Solutions

Our team uses advanced analytics to validate every invoice with your contract terms, solving discrepancies and securing substantial savings.

Our AI-driven, state-of-the-art data model integrates every detail of your contracts, ensuring alignment of your invoice line items with its contracted terms. This advanced system efficiently detects and sorts discrepancies. 

Forwarding any remaining issues to your Contract Management team for further evaluation, thus reducing dependence on manual oversight. Additionally, our robust security protocols ensure that your data never leaves your infrastructure, maintaining its integrity and confidentiality in compliance with top industry standards. 

How Does It Work? 

• Data Integrity: All contract details are integrated into our (AI driven) state-of-the-art data model, ensuring every invoice line item is matched against contracted terms.
• Discrepancy Detection and Resolution: We identify all mismatches for further evaluation. Our initial investigations sort out tool-based errors, while any remaining anomalies are directed to your Contract Management team for review. Using our AI model, results quickly improve and become less dependent on people.
• Security and Confidentiality: Your data never has to leave your infrastructure, maintaining its integrity and security. We comply with top industry standards, guaranteeing the protection and confidentiality of your information.

We provide comprehensive operational and strategic dashboards to give you complete control and oversight, allowing you to make informed decisions quickly and effectively. 

Your benefits: 

• Assured Accuracy: Have confidence that all invoices are verified with contracted terms. 
• Average Savings: Clients typically see a 10% cash-out saving on contracted value thanks to elimination of erroneous invoicing and the identification of phantom invoices.