Lost in transaction - The hidden cost of accounting errors in the Nordics 2019
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How does mismanaged financial data hurt bottom-line results? We have analysed VAT data in 17 million account postings from more than 100 Nordic organisations, and this report presents a snapshot of how common – and how costly – undetected errors are in accounts payable processes in Sweden, Denmark, and Norway.
- Why hidden errors in financial processes?
- Average error ratios and share of total cost
- Selected benchmark data
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VAT errors are often possible to fix with recovery audit.