Ariba Knowledge Nuggets:  Minimizing Duplicate Payments -- Part II

Version 2

    Having examined leading causes for duplicate payments and how to avoid them in Part I, we will explore best practices for process improvement in Part II of this week's Ariba Knowledge Nugget  As purchasing systems evolve and offer more process flexibility and expanded payment options, it is imperative that procedures be re-engineered to eliminate weaknesses that allow duplicate payments.  The extent of the problem of over payment varies across companies and industries.  However, it has been estimated that as much as 1% of all corporate remittances are duplicate or inaccurate payments.