Invoice Governance (coming soon)
Consistency and accuracy are the non-negotiable hallmarks of accounting. To keep standards high, Kaunt makes a sample of all the supplier invoices handled manually, by EDI or by Kaunt. The idea is to compare the different types of accounting and reveal inconsistencies. The effect is two-fold, as both Kaunt and your accountants get the chance to improve.
Compliance is key to secure stability and consistency across the company. Identifying areas and departments that need improvement is the first step – that’s what Invoice Governance can help you achieve”.
Frank Aaquist, CEO
Kaunt will detect all variations in accounting practices
You can identify areas and departments that need improvement
You can learn from the presented data and improve procedures
It will increase compliance continuously across the entire company
More accurate accounting means better cost analytics, better accounting means better automation potential
Kaunt randomly samples 5 % of all the invoices handled manually, by EDI or by Kaunt. You can now directly compare accounting practices and detect any variations that may call for changes in your procedures.
A random set of posted invoices is selected by Kaunt and presented to the controller
The controller picks an account for each invoice, without knowing which account was used for the actual posting
A compliance report is made, showing inconsistencies between the historical postings and those of the controller
You can see the percentage of invoices where historical data is aligned with the controller’s answer