Abstract: An apparatus, method and computer program product for identifying fraud in transaction data. The method includes: receiving invoice data comprising a vendor, a requestor and events, receiving public data and private data sources, computing a vendor risk score using the public and private data sources matching the vendor of the invoice data, computing a requestor risk score using the public data sources and the private data sources matching the requestor of the invoice data, computing an active invoice score using the vendor risk score and the requestor risk score and when the active invoice score is greater than a predetermined amount, blocking the invoice data. In one embodiment, computing a vendor risk score comprises obtaining a weight and a confidence for the event, calculating an event vendor risk score using the weight times the confidence and combining the event vendor risk scores for all of the events.

Abstract: An apparatus, method and computer program product for identifying fraud in transaction data. The method includes: receiving invoice data comprising a vendor, a requestor and events, receiving public data and private data sources, computing a vendor risk score using the public and private data sources matching the vendor of the invoice data, computing a requestor risk score using the public data sources and the private data sources matching the requestor of the invoice data, computing an active invoice score using the vendor risk score and the requestor risk score and when the active invoice score is greater than a predetermined amount, blocking the invoice data. In one embodiment, computing a vendor risk score comprises obtaining a weight and a confidence for the event, calculating an event vendor risk score using the weight times the confidence and combining the event vendor risk scores for all of the events.

Abstract: A method, system and program product for identifying redundant invoices. The method includes providing an accounts payable system having an invoice table that contains invoice data inputted from vendor invoices, executing an algorithm with the accounts payable system for identifying one or more redundant invoices among a current group of invoices chosen from the invoices inputted into the accounts payable system, where the algorithm identifies the redundant invoices among the current group of invoices using each of six redundancy criteria analyzed by the algorithm and outputting a perceptible report containing a separate section corresponding to each of the six redundancy criteria analyzed by the algorithm for identifying redundant invoices among the current group of invoices inputted into the accounts payable system, where a redundant invoice that is reported in one section of the perceptible report is not reported in another section of the perceptible report.

Abstract: A system and method for processing payment requests submitted in various formats. The system comprises an imaging system for recording paper invoices in a human readable format; a web payment request system for receiving invoice information via a graphical user interface and for generating an electronic invoice; an approval routing system for electronically routing approval requests; and an accounts payable preprocessing system that provides real-time auditing of the electronic invoice to the web payment request system while invoice information is being received.

Abstract: A system and method for processing payment requests submitted in various formats. The system comprises an imaging system for recording paper invoices in a human readable format; a web payment request system for receiving invoice information via a graphical user interface and for generating an electronic invoice; an approval routing system for electronically routing approval requests; and an accounts payable preprocessing system that provides real-time auditing of the electronic invoice to the web payment request system while invoice information is being received.