Payment Error Cost Calculator
Much of accounts payable is centered solely on the pains of processing and approving invoices and getting payments set up. However, things can still go badly at the end of the process: the actual payment operation. The risk for error is even greater when working with global suppliers and adding other multi-bank, cross-bank payment methods (wire transfers, ACH, SEPA, PayPal, paper checks, etc.).
This simple calculator helps you understand the costs involved in resolving errors that occur when paying suppliers and partners. Enter the values to understand the cost of payment errors for your organization.
If you’re interested in reducing payment errors, contact us today to learn how we can help.