WMA does not stand still

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.

Accounts Payable and beyond

Here at Westgate Moore, we are proud to be a company that has been at the forefront of Audit Recovery Solutions for almost 20 years. As one of the pioneers within this field we have grown from initially servicing the NHS to now where we service companies ranging from Fortune 500 companies through to local authorities alongside a plethora of mid sized cross discipline businesses.

At the start of 2020 we developed autorecs – a fully automated supplier statement reconciliation solution.

The seismic shift brought about by the Coronavirus pandemic, changed almost over night, the way in which AP and P2P functions operated. Changes in working practices and the shift to a completely remote function, AP and its processes are now open to risks to their working capital. The changes from an office to a home environment have naturally affected how invoices are being received and processed. This massive change to the day in the life of transactional finance can, and is leading to breakdowns in processes which is resulting in more late payments and vast amounts of financial leakage due to payment errors being made.

To locate any financial leakage that has occurred, and to prevent the problems that have arisen from the new normal working practices, Westgate Moore excel in prevention and recovery for AP and P2P functions of any size.

Services


Locate and recover payment discrepancies

Review 100% of all historical transactions

Process improvements with root cause analysis

Accurate and up to date analytics of AP data

Protect working capital by recovering payment discrepancies

Analysis and purging of vendor master file
Payments Audit

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
autorecs

If you need more information please get in touch!

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