Despite considerable investment in preventive controls, organizations continue to struggle to understand and manage Financial Leakage. Due to compliance, complexity, and continuous change, it is difficult for organizations to detect the extent of Financial Leakage embedded in the process.
When cost recovery audits are based on aged transactions, it is very difficult to analyze why Financial Leakage occurs and to close the control gaps. Findings are often irrelevant to the current day to day practices. However, by uncovering or exposing “Dark Data” within the cost cycle we are able to provide true visibility to the Financial Leakage. SpendMend delivers greater Spend Visibility, operational efficiencies and exposes the control gaps providing a Path to Prevention.
