Data Shark AP

Leave the days of duplicate payments, payment errors, and AP processes errors behind you. Our cutting-edge solutions are designed to improve the way you operate so you can steer your business toward unparalleled success.

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Data Shark AP

Accounts Payable often relies on its ERP system (SAP© , PeopleSoft©, Oracle© , etc) to prevent duplicate payments. These systems use key fields such as invoice number, amount, vendor number, and date to flag a duplicate payment.

The unfortunate reality is that if there is data variation in any of these fields, they will not flag the transaction as a duplicate. Data entry errors, payments to duplicate vendors, payments to wrong vendors, and cross-currency duplicates can all lead to variations.

Duplicates may also arise when companies use a PCARD system or multiple ERP systems. This can cost you millions of dollars each year.

What Makes DataShark AP Different

Rest assured DataShark AP can help. It has the power to capture duplicate payments in situations where your ERP system will not. The tool can also use our extensive reports and metrics to identify the root cause of these errors.

It’s been specifically developed for mid-to-high volume environments – 100,000 to millions of annual invoices, as well other complex environments like multiple systems (there is no limit, including P-Card and T&E systems). You can use DataShark AP independently or in conjunction with Recovery Audit Services.

DataShark AP sets itself apart from other recovery audit software because of its robust, comprehensive identification capabilities. Further setting it apart is the delivery of a 50% and higher true duplicate payment rate – due to the unique ability to minimize the number of false positives.

DON'T DEPEND ON YOUR ERP SYSTEM TO PREVENT DUPLICATE PAYMENTS

DataShark enables users to harvest data from any ERP system or multiple systems in order to identify duplicate payments, analyze internal operations, determine the quality of its Vendor Master Files, and spot potential fraud issues.

REDUCE YOUR RESOURCE NEEDS BY UP TO 75%

Unlike other audit software, DataShark AP uses an unmatched refinement process to remove false positives and deliver a 50% or higher duplicate payment hit rate. It can significantly reduce your resource needs by up to 75%.

What to expect from DataShark AP

Data Shark AP enables its users to harvest data from any ERP system or multiple systems in order to identify duplicate payments, analyze internal operations, determine the quality of its Vendor Master Files, and spot potential fraud issues.

Identification of payment errors including duplicate payments, payments to wrong vendors, overpayments, etc.

Detailed vendor master file reports that aid you in cleaning and maintaining the vendor master file.

Extensive accounts payable analysis to identify breakdown in business process, operational inefficiencies, and risk.

No additional hardware or software is required as it’s hosted on our dedicated, secure servers and includes updates.

Daily, weekly, monthly, quarterly, or annual updates based on your unique needs.

See How Glantus Can Help

Connect your AP data today to recover working capital and deliver on your efficiency goals.

Accounts Payable Solutions

Make Duplicate Payments a Thing of the Past

Unlike other audit software, DataShark A/P uses an unmatched refinement process to remove false positives and deliver a 50% or higher duplicate payment hit rate. It can significantly reduce your resource needs by up to 75%.

Read More

Keep Vendor Master Files in Optimal Shape

We’re pleased to provide a comprehensive analysis of your vendor master file via our 5-step cleanse program. The ideal benchmark of this process is to ensure that 65% of the vendors available in the active system are of active usage in the past 12 months. This indicates that underlying business processes are thoroughly optimized.

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Fraud Detection & Prevention

While A/P Managers and CFO’s hope that fraud will not touch their organization, all companies are susceptible and those who commit fraud will seek to exploit any weakness in business processes. By incorporating ongoing fraud prevention and detection tools, businesses can harness maximum control over this type of loss.

Read More

Safeguard Against Fraud

Within the DataShark Tool, there are integrated analysis and reporting components specifically targeted towards fraud. Identifying suspicious Vendor Master Files, common employee and vendor identification numbers/addresses, and questionable transactions all lead the way to rooting out fraud within an Accounts Payable department.

READ MORE

Make Duplicate Payments a Thing of the Past

Unlike other audit software, DataShark A/P uses an unmatched refinement process to remove false positives and deliver a 50% or higher duplicate payment hit rate. It can significantly reduce your resource needs by up to 75%.

Read More

Keep Vendor Master Files in Optimal Shape

We’re pleased to provide a comprehensive analysis of your vendor master file via our 5-step cleanse program. The ideal benchmark of this process is to ensure that 65% of the vendors available in the active system are of active usage in the past 12 months. This indicates that underlying business processes are thoroughly optimized.

READ MORE

Fraud Detection & Prevention

While A/P Managers and CFO’s hope that fraud will not touch their organization, all companies are susceptible and those who commit fraud will seek to exploit any weakness in business processes. By incorporating ongoing fraud prevention and detection tools, businesses can harness maximum control over this type of loss.

Read More

Safeguard Against Fraud

Within the DataShark Tool, there are integrated analysis and reporting components specifically targeted towards fraud. Identifying suspicious Vendor Master Files, common employee and vendor identification numbers/addresses, and questionable transactions all lead the way to rooting out fraud within an Accounts Payable department.

READ MORE