Accounts Payable (AP) Assurance | FlexTrap

24/7 AP assurance and payment error detection.

In a world of constant change, companies are looking for innovative technology solutions to improve accuracy and efficiency.

FlexTrap is an AP assurance and payment integrity tool that equips businesses with unrivaled visibility into their processes so they can monitor, detect, and correct payment errors in real-time.

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Even the best ERP systems aren’t designed to flag all risks - that’s why we built FlexTrap.

The AP assurance and payment integrity tool that equips businesses with complete visibility so they can monitor, detect, and correct payment errors in real-time.

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Enable continuous improvement with round-the-clock monitoring.

With 24/7 monitoring, FlexTrap helps you safeguard against threats such as:

Date out of range
Invoice out of sequence
Manual overrides
Spreadsheet upload
OCR read error (i.e. “2” instead of “Z”)
and more.

Control what you review.

With over 300 checks, you have the power and flexibility to analyze errors as deeply as you’d like - personalize your search to ensure you’re paying the correct:

Vendor
Amount
Currency
Tax
…all within payment terms.

Don’t let errors slip through the cracks.

⇨ Catch errors that your current processes or ERP system misses.

⇨ Accelerate and streamline transaction review to drive efficiency and reduce errors.

⇨ Gain visibility into your whole transaction base.

⇨ Get insight into where, why, and how typical errors occur.

⇨ Implement an effective safety net through a more proactive posture.

⇨ Drive operational insight that leads to true error prevention.

Here’s how it works:

⓵

Your team gives FlexTecs the raw data files and we process that data in an in-house private cloud.

⓶

Within 1-2 weeks, FlexTrap is tuned to your environment and ready to go.

⓷

FlexTecs processes your data daily, weekly, or monthly to ensure FlexTrap is continuously tuned.

⓸

Your team spends as little as 5 minutes a day reviewing actual errors flagged by FlexTrap’s different confidence levels.

⓹

After going live, if you need additional adjustments to your configuration, our team works with you to get it right.

  
FlexTrap
  
✓ Forensic-level audit depth (300 checks) into every single transaction.

✓ Flexible approach and customizable capabilities that are continuously tuned to better understand and meet the requirements of your environment, supercharging your AP workflow.

✓ Operational insight with full visibility into where, why, and how typical errors occur, ultimately eliminating errors and yielding better solutions.

  
Typical Payment Error Detection Tools
  
✖ Produce a high number of false positives that create more work for your team.

✖ Do not have the flexibility to enable configurable or customizable searches.

✖ Are not designed with your time and resource constraints in mind.