January 11th, 2008
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Duplicate payments are one of numerous types of overpayment mistakes that happen within the accounts payable management section. The Institute of Internal Auditors have found that duplicate payments make up between 0.5% and 0.1% of yearly vendor bill payments which means one in a 1000 bills could be a duplicate. If your company makes £50 million in yearly invoice payments you are possibly paying out £50,000 or more in duplicate payments per year..
How Do They Occur?
ERP or Accounting systems should have the controls in place to highlight, track or catch duplicate payments overpayments. Yet, the likelihood of human error means none of the packages are sophisticated enough to prevent more than about 75% occurrence. The Institute of Management and Administration acknowledges that “Completely eliminating duplicate payments using recovery audit software may be an impossible dream”..
Third Party Solution
If you need to purchase a system to support this process, then there are a number of key factors that need to be considered in order to ensure the optimum fit. These include:
-On-going Costs - No costly or time consuming training or installation costs as our recovery audit software is designed intended to work straightaway.
-Operation - It can be established and run to find overpayments in under an hour. It can be used just before your payment run and prevent expensive recovery costs.
-Superior Analysis - make sure the software includes the most up to date and industry strength formulas and pattern matching techniques.
-More Control- Puts you in command of your accounts payable audit process and enables you to do this both quickly and cost effectively.
-Avoidance - The system allows you to pre-process your upcoming payments so you should never pay a duplicate invoice again.
-Ease of Use- Anyone in your Accounts Payable department can us it and you don’t need a degree in auditing. No re-training costs required necessary.
-Improve Processes - The cost recovery report clearly shows you the reason for the duplicate and allows you to improve your processes to prevent it happening.
FISCAL Technologies is the only company to focus only on overpayment detection systems. We empower Accounts Payable controllers and have analysed customer data from all the key financial systems and in 100% of cases we have discovered accidental overpayments that they were unaware of saved each many thousands of pounds. We offer a no expense overpayment health check and whitepaperto all qualifying organisations.
Please visit - www.fiscaltechnologies.com
Written by hroberts on January 11th, 2008 with no comments.
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If you’re experiencing morning sickness during your first trimester, you may not feel up to exercise, but the benefits are many, so get going as soon as you can. Exercise during pregnancy helps you feel better because it increases energy levels, its good for your baby, it relieves backaches, reduces constipation, relieves stress and anxiety, helps you sleep better, and it gives your skin a healthy glow. It also prepares you and your body for an easier and shorter labor and delivery, and helps you regain your pre-pregnancy body more quickly after birth. Examples of appropriate exercise during pregnancy are swimming, water aerobics, yoga, Pilates, biking, or walking, which all combine cardio, strength, and flexibility. Exercise should be limited if you have pregnancy induced hypertension, early contractions, vaginal bleeding, or premature rupture of the amniotic membranes. Avoid outside exercise during pregnancy on hot and humid days, drink plenty of water, and keep your maximum heart rate below 140 beats per minute. If you can’t talk during exercise, slow down, and stop if you feel fatigued, dizzy, experience heart palpitations, shortness of breath, or unusual pain in your back or pelvis.
Of course, you can continue to exercise during early pregnancy. In most respects, you can actually keep up your normal exercise routine. If you are accustomed to pushing yourself very hard, however, you may want to slow down on your routine just a bit. You will not have as much energy, and your body will have more to do, after all. Nonetheless, for the majority of us, exercise during pregnancy can continue as normal for the first trimester. Exercise during the second trimester; however get a little bit trickier.
More information about Exercise for Women and other health and weight loss ideas can be found at our web site.
Written by Cristina on January 11th, 2008 with no comments.
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Remember that relaxation techniques are skills. And as with any skill, your ability to relax improves with practice. Be patient with yourself. Stay motivated to reduce the negative impact of stress on your body and to experience a greater sense of calm in your life. You can kick back on your couch, get out the remote and find yourself a good comedy. Laughter is good medicine!
Relaxation techniques are a great way to help your pursuit to <a href=”http://www.tomnicoli.com/stress-index.shtml”>reduce stress</a>. Relaxation isn’t just about peace of mind or enjoying a hobby. Relaxation is a process that decreases the wear and tear of life’s challenges on your mind and body. Whether you have a lot of stress in your life or you’ve got it under control, you can benefit from learning relaxation techniques. Learning basic relaxation techniques isn’t hard. Explore these simple relaxation techniques to get you started on de-stressing your life and improving your health.
For more ideas on how to reduce stress, please visit our website.
Written by Cristina on January 11th, 2008 with no comments.
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What’s so great about the Black and Decker Firestorm Combo Kit anyway? Well, if you’re new to Black and Decker power tools, you will find millions of happy campers who just rave about B&D products for the home and garden. This brand has been around for what seems like a lifetime, and with such fierce competition these days, only the best will survive. Owning a Black and Decker Firestorm combo kit offer tremendous value for today’s Handy Andy’s, and there are various kits to chose from to suit your specific requirements. It just doesn’t get much better than Black and Decker, in fact so loyal are their customers that many are every purchasing Sturdy Black Decker Sheds to house their tool kits. They also make great gifts for the men in your life!
Written by aNdii on January 11th, 2008 with no comments.
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