Identify Fraud and Overbilling Before Payment
Reduce loss from overbilled invoices to lower LOE costs and audit effort.
Audit Intelligence identifies and isolates overbilled or fraudulent field tickets and invoices before they are paid, to reduce the effort and cost of vendor audit and loss from overbilled invoices and recovery efforts.
Stop Losing Money
Automated field ticket analysis detects overbilling and streamlines the audit process, making it faster and easier to uncover and resolve issues.
Choose the Best Partners
Rank your suppliers by most likely to least likely to overbill for granular visibility into supplier behavior.
Leverage a Solution Built by Security Experts
Benefit from our team’s 30+ years of cumulative experience in fraud detection, audit, law enforcement and oil & gas operations.
On-Demand Webinar: Stop Overbilling Before It Happens With Audit Intelligence
Learn how you can lower LOE and audit costs, save time, and free up more capital by eliminating overbilling BEFORE payment.
Focus on Pre-payment Prevention
Increase average recovery rates from 35% to 100% by focusing on pre-payment prevention instead of post-payment recovery.
Built by Experts
Our team has more than 30 years of cumulative experience in fraud prevention, audit, law enforcement and oil & gas operations.
Prevent Fraud and Maintain Compliance
Audit intelligence identifies pattern or data abnormalities, while PriceBook ensures pricing of valid documents is accurate.
Concho Resources increased the number of investigated tickets to 20,000 per month and realized $1.4 million in savings over five months or 100% return on investment in six months with Audit Intelligence.
Solution Overview: Audit Intelligence
Learn more about Audit Intelligence, a software solution that identifies and isolates overbilled or fraudulent field tickets and invoices before they are paid to reduce the effort and cost of vendor audits, loss from overbilled invoices, and recovery efforts. Operators can automatically send incorrect field tickets back to a supplier for correction and resubmission, removing unnecessary manual touchpoints from the approval process.
HOW AUDIT INTELLIGENCE WORKS
Analyzes OpenTicket data to detect evidence of overbilling
Uses 14 unique rules-based criteria and machine learning to evaluate transactions
Force ranks suppliers by most likely to least likely to overbill
Offending tickets are quarantined, sent to a case management tool and prevented from being approved and paid
Case management assigns documents for investigation by internal personnel
Save time and manage spend with digital price book management and auto-validation of inbound invoice and field ticket data.
Read More About PriceBook
Accelerate ticket and invoice approvals and payment with cloud-based digital field ticket management.
Read More About OpenTicket
Professional Consulting Services
Maximize the ROI of your OpenInvoice solutions with our team of technology and industry experts.
Read More About Professional Consulting Services