An administrator at Lund Municipality mixed up bank account numbers with postal account numbers on three occasions when making payments, and the money ended up incorrectly with a company in Stockholm. Millions went astray – Lund will not get its money back Read the full article from SVT News here: https://www.svt.se/nyheter/lokalt/skane/miljoner-gick-fel-lund-far-inte-pengar-ater With Betalkontroll™, incorrect payments such as these can be detected and stopped before it is too late...

Double payments A double payment means that the same invoice is processed and paid twice. Virtually all business systems today have controls in place to detect double payments. As a rule, these controls are based on the principle that there can only be one unique combination of supplier ID and invoice ID. These controls detect some of the situations that would otherwise...

Incorrect payments of supplier invoices occur in virtually all companies and organizations. In some cases, the supplier discovers this and corrects the incorrect payment, but far from all do so. Below, we list the five most common reasons why double payments occur. 1. The supplier uses a factoring company An existing supplier starts using a factoring company, but the payment is made...