Enhance Error Identification
Enhance financial controls on top of ERP standards, flagging errors and detecting anomalies before payment are released.
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AP Protect helps you build a robust defense against profit loss!
In today's landscape of macroeconomic challenges and competing priorities, finance teams are scrambling to safeguard profits. However, preventing overpayments, errors, and fraud is often overlooked.
But it doesn't have to be that way.
Safeguard your organization with AP Protect, enhancing the financial integrity of your AP processes and preventing profit loss with our advanced SaaS solution
- Prevent duplicate payments
- Identify recovery opportunities
- Optimize working capital
- Ensure data visibility
- Streamline risk management
- User-friendly interface
Unleash the power of retained profits with AP Protect.
Our specialized modules analyze AP data, uncovering anomalies and improving data quality. AP Protect offers finance leaders a comprehensive solution to combat duplicate payments, errors and risk of fraud, ensuring optimized working capital and healthier cash flow.
AP Protect doesn't just recover profits—it prevents them from escaping in the future.
Facilitate Cash Recovery
Highlight cash recovery opportunities and, enhance working capital optimization by providing transparency into current and historical overpayments.
Highlight Potential Fraud
Detect fraud by identifying potential fraudulent vendors, collusion, and questionable transactions. AP Protect also provides a comprehensive dashboard for visualizing process gaps, vendor risk, and potentially fraudulent activity.
Root Cause Resolution
Identify potential payment errors and conducts root cause analysis, by comparing invoices side by side, it offers clarity on discrepancies, facilitating prompt preventive action.
Vendor Insights
Provide insights into vendor data to reduce the risk of mispayments and offers dedicated dashboards to visualize vendor management metrics such as aging vendors and potential duplicates.
Compliance
Ensure compliance with data entry standards and approved suppliers while addressing gaps in duty transfer controls resulting from organizational changes, mergers, and acquisitions.
Achieve best-in-class cash recovery with our enhanced product suite
$1.6T
Spend protected
$190M+
Identified and Recovered in a year
$1M+
Recovered for every $1B spent
How You Benefit from AP Protect
Prevent Overpayment
Our continuous anomaly detection validates duplicates, incorrect payments, and currency discrepancies before posting. With 800+ algorithms, AP Protect enhances efficiency, identifies cash recovery opportunities, and prevents overpayments, yielding over five times the ROI.
Monitor Potential Fraud
Spot fraudulent activities and procedural failures on the same day using advanced analytics. AP Protect detects potentially fraudulent vendors, ensures data entry quality, and addresses segregation of duty controls, reducing risk, ensuring compliance, and enhancing organizational integrity.
Ensure supplier data integrity
Efficiently optimize data with detailed reports and increased visibility through a dedicated dashboard. AP Protect ensures precise duplicate detection, reduces potential mispayments, and offers a unified view of vendor data across multiple ERPs for seamless integration.
See how AP Protect benefits your organization
“We enjoyed working with the Basware team; they’re easy to work with, and the technology helped identify a significant problem.”
Why customers work with Basware to make automation happen
True Automation
Cutting-edge technology powered by AI & ML that eliminates all manual processes
Complete Coverage
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries
Deeper Expertise
40 years of specialized experience implementing best practices and reducing risk across finance operations
Want to learn more about how your business can benefit from AP Protect?
Book a consultation call with our solutions experts to discuss this further.