|
|
|
Accounts Payable
Accounts Payable Recovery
Auditrax uses proprietary software and
a team of highly experienced auditors to provide a
client-centric approach to the audit of our client’s
Accounts Payable records.
- We historically provide a higher
cost recovery (1/10 - 4% of purchases) than the industry
average, providing a significant increase to your bottom
line
- We minimize the client’s level of
effort through the use of our proprietary technology to
avoid disruption to their daily operations
- Our process is minimally intrusive
– we perform our work at our location; we come on
site to your location only when necessary and with a
specific task list
- We provide an interim assessment
within 45 days of the receipt of the accounts payable
data from our clients – significantly less time than
other recovery firms
- We identify short term
opportunities and long term potential to reduce costs
- We identify and correct
complicated pricing, billing and tax issues to recover
funds now while eliminating future problems
- We do not utilize “search and
discover” audit tactics. Our proven methods of
analysis, identification, validation and resolution help
to speed up the audit process and recover funds quickly.
Auditrax recovers erroneous payments to
vendors in the following areas:
- Supply Purchasing
- Pricing rebates
- Omitted Cash Discounts
- Price Discrepancies
- Statement Credits
- Discounts taken at wrong dates
- Tax Charges and Percentages
- Advertising and Printing expenses
- Contract Compliance
- Allowances
- Bill Backs
- Cash/Trade Discounts
- Telecommunication Billings
- Vendor Returns
- Deals/Vendor Programs
- Duplicate Payments
- Quantity Discounts
- Volume Rebates
- Credits Not Taken
- Cost/Price Differences
- Prepaid Freight Sent Collect
- Tax on Resale Items
- Contractual Mis-billings
- Vendor Master Review
|
|
