ALEXANDRIA, Va., April 7 -- United States Patent no. 12,597,077, issued on April 7.
"Procure to pay deduction management process" was invented by Gary Kevin Kallenbach (Atlanta).
According to the abstract* released by the U.S. Patent & Trademark Office: "Simple step-by-step methods for business management to implement in-house to detect overlooked or forgotten assets and demand for credits or money rightfully owed to it, resulting in increased profitability. Instead of hiring a costly outside asset recovery company to perform an audit, who typically charge around 25% of the recovered amount, businesses can keep all that is recovered. By following the easy steps, businesses can stay ahead of not getting paid or credited for overlooked or f...