FLEXTRAP | AP ASSURANCE PLATFORM | PAYMENT ACCURACY MODULE
Elevate your payment accuracy. Reclaim precious time. Make AP audits a thing of the past.
Every company overpays suppliers, they just differ in what they do about it... Get proactive with FlexTrap payment accuracy.
FlexTrap continuously monitors your AP data, proactively identifying and flagging errors before payments are processed, saving you time, money, and frustration.
Handling AP errors after payment is painful.
It wastes your time.
AP teams spend far too much time on low-value tasks like correcting payment errors and dealing with supplier inquiries.
It wastes your money.
Cash that leaves the business in error can take more than a year to recover, if ever.
It forces you to rely on disruptive 3rd-parties.
Third-party recovery audits can be costly and disruptive to your organization.
FlexTrap saves you
time, money, and frustration.
Reclaim Precious Time
Increase the efficiency of your traditional internal review processes by 90%.
Dramatically reduce time spent investigating false positives.
Spend your time on higher-value work.
Improve Cash Flow
No more financial leakage.
No more uncollectible payment errors.
No more AP audit fees.
Reduce Disruption
Improve vendor and supplier experience.
Eliminate dependency on 3rd party recovery audits.
Stop allowing AP errors to disrupt your process.
“The Aspen Group started using FlexTrap and in a few short months, we've prevented over $675,000 in erroneous payments!”
“The tool is an online portal (ingesting data nightly) that's catching things our ERP can't... a true error prevention tool. We were confident that our internal controls and ERP were catching "everything," boy I was wrong.”
Nicole Caley Director of AP, Shared Services Aspen Dental
Your ERP alone won’t cut it.
FlexTrap is your extra layer of protection.
By connecting data across your AP tools, ERP, and Vendor Master, FlexTrap helps you see the path to cash flow control.
Take control.
✓ No more financial leakage.
✓ No more payment plans.
✓ No more uncollectible payment errors.
✓ No more high contingency fees from third-party recovery audit firms.
Spend less time bogged down by payment errors and false positives, and more time on process improvement.
Save Time.
✓ 90% more efficient than traditional internal review processes.
✓ Prioritize the review of real and relevant exceptions.
✓ 3 levels of review prioritization so you can focus on the transactions with the biggest impact first.
Eliminate Friction.
Stop allowing errors to disrupt your day-to-day.
✓ 300+ payment validation checks that flag potential payment errors in real-time.
✓ Reduce or even eliminate dependency on third-party recovery audits.
✓ Advanced search functionality that makes it easy to find exactly what you’re looking for.
Protect your investments in continuous improvement.
Continuously Improve.
✓ Real-time alerts of suspicious payment and fraudulent activity.
✓ Visibility into 100% of your transaction base.
✓ Machine-learning algorithms (MLA) and AI ensure that accuracy alerts continuously improve.
FlexTrap:
One lean AP assurance platform.
Two powerful modules that dramatically reduce financial leakage.
Payment Accuracy Module
Statement Monitoring + Reconciliation Module
Automate the identification + recovery of unclaimed credits
300+
validation checks
Quickly find errors such as invoice out of sequence, tax anomalies, duplicate invoices, VAT checks, payments to inactive vendors, invoice amount deviation, and hundreds more.
90%
more efficient
Our AI, machine-learning algorithms, and dedicated team of audit experts continuously tune FlexTrap to eliminate false positives and improve accuracy, making it 90% more efficient than competitor tools.
1 week
time to value
FlexTrap delivers value within the first week following the data process.
How It Works
In 30 days or less, you can start turning your data into profit at a rate of over 5X ROI.
01.
Tell us your goals and your pain points.
This will help us understand if FlexTrap is a fit for you AND how we can customize it to fit your needs.
02.
See how FlexTrap will work in your company risk-free.
With a 30-minute demo or a free Proof of Concept, you can see how FlexTrap works in your environment (with no involvement from your IT department). We’ll show you the tangible efficiency gains with zero risk.
03.
Get up and running in 30 days or less.
Fast and frictionless onboarding with minimal IT time and training. Our team works alongside your team to continuously refine results and fine-tune to your environment.
04.
Start preventing errors in real-time.
In as little as 5 minutes per day, FlexTrap gets you out of the weeds and back to more important work.
Less risk, less friction.
More value, delivered faster.
Low false positives
Less than .1% of transactions are raised as high-probability errors.
Compatible with any ERP
Whether you’re on SAP, Oracle, or any other ERP, FlexTrap can work with your systems.
No regrets pricing
Our risk-free proof of concept and flexible pricing models ensure FlexTrap has verifiable ROI and is a “no regrets” decision.
Fast, frictionless onboarding
Get up and running in 30 days or less.
Customizable rule sets
FlexTrap enables you to custom-configure rule sets to track specific issue codes.
Requires MINIMAL IT involvement
We can handle onboarding with our in-house IT team, so you don’t have to bother yours.
Results in a week
Spend as little as 5 minutes per day reviewing potential errors.
Zero Risk Proof of Concept
We’ll show you what FlexTrap can find before you sign any contract with us. If you’re not convinced, you can walk away.
Access expertise and in-house support 24/7
From our global delivery team and seasoned recovery audit experts.
The transaction data used in FlexTrap is stripped of any value to hackers. Even still, we make your data security a priority. It is processed and managed in our secure, private cloud.
Read our Privacy Policy here +