Payables Analytics

Solutions

Payables Analytics

Unleashing the Power of Large Data Analytics in Procurement

The Accounts Payable ledger supports a high volume of transactions and a substantial amount of an organisation’s cost. Management rightly has a wealth of controls in place to manage the processing of supplier invoices and payment processes. Some level of value can still be lost through erroneous overpayments and processing inefficiencies.

The payment error rate in most enterprises is typically between 0.1% and 0.4% of the total supplier disbursements/payments. This rate is minuscule in terms of percentage, but can have a significant impact on an organisation’s bottom line when we factor in the organization’s total spending.

Solution

With a series of more than 60 advanced analytic tests, Deloitte can help your organization uncover invalid payments while simultaneously protecting it from future erroneous or potentially fraudulent invoices. Our Supplier Invoice and Payment Process Investigation is sustained and driven by a sophisticated package that analyses 100% of your historical production data. This package is divided into three main segments:

Testing Engine

  • Custom Deloitte scripts are run on the data supplied by the client
  • Tests are modified to account for the client’s procedure process

Scoring Engine

  • Tests have designated risk weights
  • Total scores for transactions are summations of each test that any given transaction has appeared in


Presentation Layer

  • Testing Engine and Scoring Engine are compiled in the Presentation Layer
  • Allows for dynamic views of all flagged vendors, invoices or payments

Contact us

Jan Balatka

Jan Balatka

Partner

Jan has extensive experience in Data Analytics, Forensic Analytics and Electronic Data Discovery. He has international experience from projects in Switzerland, Germany, the U.S. and Canada. As Partner... More

Gabriela Tvrdíková

Gabriela Tvrdíková

Senior Manager

Gabriela has more than 12 years of experience with internal/forensic audit, due diligence and operational and compliance reviews to clients in a wide range of industries. She also has long-term experi... More