ISG GovernX^®

Invoice Forensics

Stop overpaying vendors – and get your money back!

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Validate Accurate Payment for Your Supplier Services

Manual invoice validation is often slow, error-prone, and lacks capacity. Complex contracts lead to missed discounts, overcharges and wasted spend. Contractual agreements contain significant financial details beyond what companies may validate within the fees section of invoices. Current validation processes may be incomplete or require standardization. ISG finds most enterprises are unknowingly overpaying suppliers by 3-10%.

Using ISG’s years of procurement and supplier expertise, we meticulously analyze historical invoices to uncover discrepancies and excess charges. ISG’s proven methodology and decades of negotiating and managing contracts drives higher validation accuracy using a 4-way data match. We also work with our clients to build a proactive vendor management organization to drive maturity and prevent future errors.

We deliver real outcomes: recovered spend, improved accuracy and streamlined vendor relationships.

ISG Invoice Forensics empowers you to:

Achieve substantial savings

Depending on the type of service or product, the potential savings can range between 3% and 10%.

Mitigate unnecessary spend

Identify contract vs. invoice discrepancies and prevent ongoing cost and value leakage.

Reconcile payments to contracts

Avoid paying for decommissioned sites or assets, ex-employees or excessive project resourcing.

Enhance visibility in supplier spending

Use data to make decisions when decommissioning legacy systems, splitting spend between suppliers or negotiating a new contract.

Reduce financial risk

Control for excessive charges now and in the future by using ongoing invoice validation to negotiate savings and benefits.

An actionable savings plan in four simple steps

recommendation-reporting

Gather
Collate all available data for ISG Invoice Forensics
Assess
Our team will assess your invoices to determine potential savings
Review & Analyze
After completing an in-depth analysis of the data, we will review the data and create a preliminary report for review with your team
Recommend
You will receive a recommendation report including: a high-level savings plan and a savings category report, a detailed savings register, which can be sent to your supplier and a cost avoidance tracker