Invoice Capture & Analysis
Formax, Inc. can provide you opportunities for saving significant amounts of
money:
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Save 1 – 4% of payables
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Discover problems before vendors are overpaid
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Correct the problems so they don’t reoccur
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Do all this quietly and rapidly without the need to engage outside consultants.
By scanning and analyzing all of your payable we're able to locate ares where
you are overpaying due to:
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Price and volume variances
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Duplicate addresses, payments and vendor names
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Missed discount
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Invoice credit
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Excess fees
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Over payment
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Sales/Use tax
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Incorrect pricing
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Excess freight
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Amount due calculation errors
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