Duplicate invoices costs business £10m

The problem was revealed as the firm piloted its new D&Tect fraud software, finding errors which, if applied to all UK businesses, would add up to around £10m.

A spokeswoman said: ‘So far on every case where it’s been tried out, 1% of total invoice spend was wasted on double payment.’

She added that there were ‘more dubious’ cases where an employee linked to a supplier.

‘It was found in the past that the supplier had the same address as an employee and that the supplier had a bogus name,’ she said.

Before its official launch, the software was tested on a range of businesses.

‘In every test,’ said the spokesperson, ‘the software highlighted some kind of accounting error, being human or fraud. It’s then up to the company to do something.’

The software scans the accounts payable data, identifying whether the same amount has been entered twice. D&Tect, developed in-house, also reveals poor controls and other accounting irregularities.


Deloitte & Touche website

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