Westgate Moore Associates
Financial Services - Birmingham, ENG, UK
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WMA is one of the pioneers in the payments auditing industry. Since 2004 we have successfully delivered payment audits to clients in both the Public and Private sector, recovering £25million for our Clients. All companies can be exposed to fraud and cybercrime, both of which are on the rise. KPMG (press release August 2021) states that in the first half of 2021, the cost of fraud to UK businesses is just under £140 million, with fraud accounting for 5% of company expenditure per year (ACFE, 2020). WMA has 20 years experience in performing Payment Audits and recovering payment errors on a No Win No Fee basis!At the start of 2020 we developed autorecs – a fully automated supplier statement reconciliation SaaS product.Not only does autorecs reduce the time and effort it takes to manually reconcile supplier statements, autorecs allows: - Processing power of 100% monthly reconciliation - Identify payment discrepancies made in a quicker time frame - Improve your cash flow by ensuring you have credit notes owed to you - Assistance with your duty to report on payment practices - Improve supplier relationships by paying supplier on time - Communicate with your vendors directly through autorecs
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