statement checker?

[yadeh]

Hi all

I have received this mail which says:
Were you aware that recent studies have revealed that there are errors on over 50% of loan statements? A recent study by the Sydney Morning Herald found that 54% of monthly loan statements contain errors and that the average monthly error is $242.
The complete version of this is here:
http://www.mortgagewatchdog.com.au/offer/index.htm.
I am wondering what you think about it? Do we really need such a software to check our monthly statements?
Yadeh

 

[buzzlightyear]

Yadeh,

Whilst not being able to comment specifically on the solution being offered (the link doesn't seem to work).

I look after telecommunications spend in one of Australia's largest FMCG companies and we always conduct an audit on our bills from the large telcos as we do find errors. We have also stared to undertake the same audit process for our energy bills and have also come across errors, albeit small ones.

Not sure the process for this company to review statements, however, my experience has made me more cynical about the correctness of our accounts. Of course, I have never actually done this for my statements.

 

[yadeh]

Sorry Buzz. I hope this link will work.
www.mortgagewatchdog.com.au/wpmh

Thanks for the comment.
Yadeh