SpendLab Recovery
SpendLab Recovery is the Dutch market leader in spend justification. The company is a former spin-off from the Dutch government with a 98 year old heritage in procurement. It currently specialises in generating liquidity for clients by analysing -and identifying anomalies in accounts payable data.
SpendLab Recovery generates liquidity for clients by using their Accounts Payable Recovery Analyzer (APRA). APRA is a technology platform that combines over 400 algorithms, Big Data, AI, and machine learning, and audits all the raw Accounts Payable data in any ERP system to identify anomalies. Several examples of anomalies include but are not limited to: undue payments, double invoices, overpayments, and overpaid VAT. Over the past years, SpendLab has analysed over 321 million invoices and has recovered more than €200 million EUR for its clients.
In terms of certification, SpendLab is GPR compliant and is ISO-certified for Information Security Management (ISO/IEC 27001) and Quality Management (ISO 9001:2015).
By having insights in the accounts payable and being able to recover unjustified liquidity, treasurers will be able to identify and control (liquidity) risks in their vendor data.
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SpendLab – Accounts Payable Recovery Analyzer (2 min)
Experience in one overview
SpendLab Analyzer | Centralization of Accounts Payable Data Platforms
/0 Comments/in Fraud and Cyber Security, Liquidity, News | Articles, Operational Risk, SpendLab Recovery, Treasury Software, treasuryXL, What is Risk Management /by treasuryXL| 7-4-2020 | treasuryXL | SpendLab Recovery | Our Partner SpendLab Recovery is introducing the SpendLab Analyzer, a way to centralize accounts payable data platforms worldwide. The platform has the ability to detect failures on Vendor level and provide real time insight. Furthermore, the SpendLab Analyzer can discover undue, incorrect double payments and VAT anomalies More […]
Partner Interview SpendLab | Leaders in Spend Justification
/0 Comments/in Liquidity, News | Articles, Payments and Banking, SpendLab Recovery, treasuryXL, What is Cash Management, What is Corporate Finance, What is Risk Management, what is treasury /by treasuryXL17-11-2020 | treasuryXL | SpendLab | SpendLab Recovery generates liquidity for clients by using their Accounts Payable Recovery Analyzer (APRA). APRA is a technology platform that combines over 400 algorithms, Big Data, AI, and machine learning, and audits all the raw Accounts Payable data in any ERP system to identify anomalies. Several examples of anomalies […]
SpendLab Analyzer: Each invoice is tracked at VAT cost line level throughout the entire administration
/0 Comments/in Fraud and Cyber Security, Liquidity, News | Articles, Operational Risk, SpendLab Recovery, Treasury Software, treasuryXL, What is Risk Management /by treasuryXL| 04-11-2020 | treasuryXL | SpendLab Recovery | Last May, we welcomed Spendlab Recovery as our Premium Partner, in order to provide our treasury community with expertise in the field of Liquidity, Accounts Payable and Risk Management. SpendLab is the Dutch market leader in spend justification. The company is a former spin-off from the Dutch government […]
Top 4 most useful Key Performance Indicators for Accounts Payable
/0 Comments/in Fraud and Cyber Security, Liquidity, News | Articles, Operational Risk, SpendLab Recovery, Treasury Software, treasuryXL, What is Risk Management /by treasuryXL| 14-10-2020 | treasuryXL | SpendLab Recovery | Nowadays all businesses use Key Performance Indicators (KPI’s) to measure the performance of internal -and external processes and thereby operational success. In the Accounts Payable unit of an organization this should not be any different. ‘If it cannot be measured, it cannot be managed’. Establishing and tracking KPI’s […]
treasuryXL announces partnership with SpendLab Recovery
/0 Comments/in Fraud and Cyber Security, Liquidity, News | Articles, Operational Risk, SpendLab Recovery, Treasury Software, treasuryXL, What is Risk Management /by treasuryXL| 28-5-2020 | treasuryXL | SpendLab Recovery | VENLO, The Netherlands, May 28, 2020 – treasuryXL, the independent community platform for everyone who is active in the world of treasury, and SpendLab Recovery, the Dutch market leader in spend justification that is currently in the process of expanding internationally, today announced the signature of a premium […]